Four seasons education announces receipt of nyse non-compliance letter regarding ads trading price

Shanghai , july 9, 2021 /prnewswire/ -- four seasons education (cayman) inc. ("four seasons education" or the "company") (nyse: fedu), a leading shanghai based educational company dedicated to providing comprehensive after-school education services with a focus on high-quality math education, today announced that it has received a letter from the new york stock exchange (the "nyse") dated june 22, 2021, notifying four seasons education that it is below compliance standards due to the trading price of four seasons education's american depositary shares (the "adss").  pursuant to nyse rule 802.01c, a company will be considered to be below compliance standards if the average closing price of a security as reported on the consolidated tape is less than $1.00 over a consecutive 30 trading-day period.
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