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FHS - First high-School Education Group announces up to RMB4M share repurchase program
First High-School Education Group Co. Ltd. American Depositary Shares
First High-School Education Group ( NYSE: FHS ) gains 4% pre market on authorizing share repurchase program under which the company may repurchase up to RMB4.0M of its Class A ordinary shares in the form of ADSs during a twelve-month period commencing on July 15, 2022.
"The Share Repurchase Program is well aligned with our commitment to maximizing value for shareholders and reflects the Board's confidence in the Company's continued growth and long-term prospects," said Mr. Tommy Zhou, the Company's Chief Financial Officer.