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Global Fitness Leader Anytime Fitness Accelerates Asia Expansion with New Regional Agents for Taiwan

TAIPEI, Dec. 2, 2025 /PRNewswire/ — Anytime Fitness, the world’s largest and fastest-growing fitness franchise, continues its momentum across Asia with significant new developments. With more than 5,600 clubs across 40 countries and on all seven continents, the brand remains unmatched in global presence and accessibility.

Inspire Brands Asia with Taiwan Regional Agents
Inspire Brands Asia with Taiwan Regional Agents

In Asia, growth is driven by Inspire Brands Asia (IBA), the exclusive regional master franchisee for Singapore, Malaysia, Thailand, Taiwan region, the Philippines, Vietnam, Hong Kong SAR, and Indonesia. With a rapidly expanding network of over 520 clubs, the region is now Anytime Fitness’ third-largest international market, behind only Japan and Australia. More importantly, it is the fastest-growing engine in the international Anytime Fitness system, selling one new territory every 2 days and opening a new club every 3 days.

Inspire Brands Asia operates the deepest and most diverse regional fitness network across its 8 markets. The company leads the market with 175+ clubs in the Philippines, 150+ clubs in Singapore, and 100+ clubs in Malaysia. In Indonesia, Anytime Fitness is the largest 24-hour gym chain with over 50 clubs, while Hong Kong SAR is nearing 40 locations. Expansion in Thailand has also accelerated, with nearly 20 new clubs opening in just over a year.

Today, the group announces the appointment of new regional agents for Taiwan, a pivotal move for one of the region’s most dynamic and high-potential markets. The new leadership includes two experienced, high-performing franchisees within the Anytime Fitness network:

  • Kelly Lei, a multi-market franchisee operating in both Malaysia and Taiwan region, and a seasoned venture capitalist known for mentoring high-growth start-ups.
  • Derrick Calixto, a decade-long pioneer of the brand in the Philippines and operator of nearly a dozen clubs.

Together, Lei and Calixto bring a strong combination of operational excellence, strategic insight, and deep consumer understanding. They are committed to accelerating development in Taiwan, with plans to open a dozen new Anytime Fitness clubs within the next year—representing one of the most ambitious expansion initiatives in the market to date.

Johannes Raadsma, Co-Founder and Group President of Inspire Brands Asia, emphasizes the significance of the Taiwan opportunity:

Taiwan is one of the most mature, well-penetrated fitness markets in Asia, with an estimated 6% gym penetration. There remains substantial potential as we see a clear space for 24-hour, community-based gyms. The market is currently dominated by intimidating big-box formats. Our inclusive brand of ‘Coaching, Caring, Connecting,’ powered by our proprietary Smart Coaching Ecosystem, is uniquely positioned to address the evolving needs of consumers in Taiwan.”

The appointment of Lei and Calixto marks the next chapter of strategic growth for Anytime Fitness Taiwan. Backed by Inspire Brands Asia’s regional scale and the brand’s global leadership, the market is set for accelerated expansion, reinforcing Anytime Fitness’ position as the most accessible, community-driven fitness network in the world.

To learn more, visit Anytime Fitness official website or email franchise@inspirebrandsasia.com.

About Anytime Fitness

Anytime Fitness is the largest, fastest-growing fitness brand in the world, averaging 300 new clubs per year while serving over 5 million members at more than 5,600 clubs in 42 countries and territories on all seven continents. Open 24-hours a day, 365 days a year, Anytime Fitness delivers personalised and affordable health and wellness training, coaching, nutrition, and recovery guidance for our members—in the club, in their homes, in their pockets, wherever they are and anytime they need it. All franchised clubs are individually owned and operated, and members have access to any Anytime Fitness club worldwide.

MediaGo Secures Consecutive Honors in the Global Tech Awards AdTech Category

SAN FRANCISCO, Dec. 2, 2025 /PRNewswire/ — In the recently announced results of the 2025 Global Tech Awards, MediaGo — an intelligent advertising platform — once again secured top honors in the AdTech Excellence category with its newly upgraded smart bidding solution, SmartBid 3.0.

MediaGo Secures 2025 Global Tech Awards AdTech Category
MediaGo Secures 2025 Global Tech Awards AdTech Category

The Global Tech Awards are among the most influential and authoritative recognitions in the technology sector. Its AdTech category highlights the application of technological innovation in the advertising industry and honors platforms and solutions that significantly enhance advertising efficiency and return on investment.

As an intelligent advertising platform serving global markets, MediaGo continues to leverage deep learning technologies to empower advertisers, enabling sustainable growth and cost optimization in highly competitive environments. To address advertisers’ common challenges—such as prolonged cold start periods and volatile campaign performance—MediaGo introduced the upgraded SmartBid 3.0 through algorithmic enhancements, bringing substantial improvements in both efficiency and stability.

The upgraded SmartBid 3.0 shortens campaign cold start time by more than half. Its innovative global learning capability not only analyzes historical campaign data within the same account, it also incorporates diverse external signals to support real-time, dynamic adjustments to bidding and budget allocation. This approach enhances spending efficiency and scalability while ensuring cost controllability. Campaigns powered by SmartBid 3.0 achieve an average 58% increase in spend completion rate, and for cost-per-acquisition (CPA) optimized campaigns, the CPA overflow rate is effectively controlled within 1.15— ensuring dual stability in both performance and costs.

With its demonstrated ability to help advertisers significantly shorten the cold start cycle, stabilize campaign delivery, and improve returns in real-world scenarios, SmartBid 3.0 received high praise from the Global Tech Awards judging panel, who noted that it “delivers remarkable performance and value in a highly competitive market.”

“We are honored to receive the Global Tech Awards for the second consecutive year. This recognition not only validates our commitment to technological innovation, but also affirms MediaGo’s continued focus on creating value for clients,” said Jianjing Du, Deputy General Manager, Global Business Unit. “The challenges advertisers encounter in real campaign environments have always been the core driving force behind MediaGo’s product optimization. Looking ahead, we will continue to advance deep learning technologies and provide more efficient and practical solutions for global advertisers, supporting their sustained growth amid intense competition.”

 

Health In Tech Announces Voluntary Extension of Lock-Up Period

STUART, Fla., Dec. 2, 2025 /PRNewswire/ — Health In Tech (Nasdaq: HIT), an Insurtech platform company backed by third-party AI technology, today announced that its executive management team, vice presidents across functions, and  Board of Directors have voluntarily agreed to extend the lock-up restrictions on all shares they hold for an additional six months beyond the original twelve-month lock-up established at the time of the Company’s final prospectus issued in connection with its initial public offering on December 20, 2024.

Under this voluntary extension, all shares held by Health In Tech’s current executive officers and Board of Directors will remain restricted from sale or transfer until June 20, 2026.

“Our leadership team remains highly committed to the long-term growth of Health In Tech,” said Tim Johnson, CEO of Health In Tech. “By choosing to extend their lock-up period, our executives are demonstrating confidence in the Company’s outlook and our ongoing initiatives in technology, underwriting automation, and market expansion.”

Health In Tech completed its IPO in December 2024, raising gross proceeds of $9.2 million. The Company has since continued to invest in system enhancements, broaden its distribution network, and expand its service offerings across the self-funded healthcare ecosystem.

Use of Forward‑Looking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech’s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “should,” “design,” “target,” “aim,” “hope,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “project,” “potential,” “goal,” or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech’s actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech’s operations, results of operations, growth strategy and liquidity.

About Health In Tech

Health In Tech (Nasdaq: “HIT”) is an Insurtech platform company backed by third-party AI technology, which offers a marketplace that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, and TPAs. Learn more at healthintech.com.

Investor Contact

Investor Relations:
ir@healthintech.com

Hang Lung Opens Application for Transitional Accommodation Program from HK$11 Million Relief Fund for Tai Po Wang Fuk Court Residents


HONG KONG AND SHANGHAI, CHINA – Media OutReach Newswire – 2 December 2025 – Following the recent tragic fire at Wang Fuk Court in Tai Po, Hang Lung Group and Hang Lung Properties (“Hang Lung”) today open the application for rent-free transitional accommodation from their HK$11 million “Tai Po Wang Fuk Court Fire Relief Fund” to provide relief and support for affected residents.

KA acco banner EN

The “Kornhill Apartments Transitional Accommodation” program will provide temporary housing for residents displaced by the recent fire at Wang Fuk Court in Tai Po. As part of its commitment to support the community, Hang Lung is offering 20 serviced apartment units at Kornhill Apartments in Quarry Bay, free of rent and service charges, for a two-month period. The available units range from studios to three-bedroom apartments to accommodate various family sizes.

Application and Allocation Details

Eligibility The program is open to Wang Fuk Court residents affected by the fire
Application Period Applications will be accepted from today (December 2, 2025)
Application Submission Affected residents can submit their applications online on Hang Lung’s company website
Result Notification The first group of successful applicants will be notified by December 5, 2025
Move-in Period: Successful applicants will be able to move in starting December 5, 2025

Due to limited availability, the units will be allocated based on principles of fairness, reasonableness, and prioritization of those with the most urgent needs.

For inquiries, please contact the Hang Lung “Tai Po Wang Fuk Court Fire Relief Fund” working group at CorpComm@HangLung.com or +852 2879 0338 (Operating hours: Monday to Friday 9 a.m. to 1 p.m.; 2 p.m. to 6 p.m.)

Hashtag: #HangLung

The issuer is solely responsible for the content of this announcement.

About Hang Lung Group and Hang Lung Properties

Hang Lung Group Limited (SEHK stock code: 00010) has been engaged in real estate development since 1960. Through its subsidiary Hang Lung Properties Limited (SEHK stock code: 00101), the Group manages a portfolio of over 3.5 million square meters of retail, office, residential, and hotel properties across Hong Kong and mainland China.

The Group’s diverse portfolio in Hong Kong includes office towers and malls in prime districts, as well as luxury residential developments in prestigious areas. In mainland China, under the signature “66” brand, the Company’s mixed-use and retail developments are regarded as premium landmarks, strategically located in the hearts of key cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan, and Hangzhou.

The Group is recognized for pioneering sustainability in the real estate industry, with an MSCI ESG rating of AA and inclusion on CDP “A List” for Climate Change. The Group powers 80% of its operating properties in the Mainland with renewable energy, with a net zero commitment by 2050.

At Hang Lung Group and Hang Lung Properties – We Do It Well.

For more information, please visit

BingX Charity Expands Emergency Relief Efforts in Central Vietnam, Raising Total Aid to Nearly 5.6 Billion VND

PANAMA CITY, Dec. 2, 2025 /PRNewswire/ — BingX Charity, the philanthropic arm of leading crypto exchange and Web3 AI company BingX, is intensifying its emergency response efforts in Central Vietnam as severe flooding continues to isolate multiple regions. The first rescue boats funded by BingX Charity have already reached Khanh Hoa, enabling local teams to access communities cut off by rising waters.

BingX Charity Expands Emergency Relief Efforts in Central Vietnam, Raising Total Aid to Nearly 5.6 Billion VND
BingX Charity Expands Emergency Relief Efforts in Central Vietnam, Raising Total Aid to Nearly 5.6 Billion VND

In response to the escalating situation across Vietnam, the “One Light, Thousands of Hearts” initiative by BingX has pledged an additional USD 100,000 for this relief phase, with USD 60,000 allocated for rescue boats and emergency essentials for Khanh Hoa, Phu Yen, and Dak Lak; and USD 40,000 in direct financial assistance for the most severely affected households.

Despite challenging conditions caused by landslides and deep flooding, BingX teams are continuing to work closely with the relevant institutions to deliver essential supplies, including clean water, food, life vests, and medical kits to affected regions.

Vivien Lin, Spokesperson at BingX, shared: “We deeply empathize with the losses communities are facing during this difficult time. Even the smallest act of timely support can become a lifeline in moments of crisis, helping people feel seen and supported. When one light is lit, thousands of acts of kindness often follow, creating a ripple effect of hope and resilience across communities. At BingX, we believe that collective compassion—no matter the scale—has the power to bring meaningful comfort and inspire others to help rebuild what was lost.”

Launched in Nov 2025 following major storms across Central and Northern Vietnam, the “One Light, Thousands of Hearts” campaign has since expanded through three consecutive relief waves: USD 50,000 in the first phase, another USD 50,000 in the second, and USD 100,000 in the current phase supporting Khanh Hoa, Phu Yen, and Dak Lak, bringing the total fund to USD 200,000.

About BingX

Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.

For more information please visit: https://bingx.com/

HoneyNaps’ AI Sleep-Diagnosis Software SOMNUM™ Selected as a 2025 Next Generation World Class Product at MOTIR Certification Ceremony

  • Recognized at the official 2025 World Class Product of Korea Certification Ceremony held at Lotte Hotel World, Seoul
  • Certification affirms SOMNUM’s potential to lead the global market within seven years
  • HoneyNaps accelerates global expansion: “We aim to become Korea’s leading SleepTech innovator”

BOSTON, Dec. 2, 2025 /PRNewswire/ — HoneyNaps, an AI-based sleep-medicine company, announced that its AI PSG Auto-scoring software SOMNUM™ has been designated as a 2025 Next Generation World Class Product by Korea’s Ministry of Trade, Industry, and Resources (MOTIR) and the Korea Trade-Investment Promotion Agency (KOTRA).

HoneyNaps’ AI Sleep-Diagnosis Software SOMNUM™ Selected as a 2025 Next Generation World Class Product at MOTIR Certification Ceremony
HoneyNaps’ AI Sleep-Diagnosis Software SOMNUM™ Selected as a 2025 Next Generation World Class Product at MOTIR Certification Ceremony

The announcement was made during the 2025 World Class Product of Korea Certification Ceremony, held on November 18, at Lotte Hotel World in Seoul, where MOTIR presented certifications to newly selected World Class Products and their producers. This year, 56 items and 57 companies—including SOMNUM—were selected as Next Generation World Class Products, recognized for their strong technological innovation and high global growth prospects.

SOMNUM™ automatically scores multi-channel polysomnography (PSG) signals using deep-learning algorithms to support disease diagnosis, prediction, and prevention. Unlike conventional image-based AI software, SOMNUM is Korea’s first deep-learning–based platform capable of large-scale, real-time signal scoring. By incorporating eXplainable AI (XAI), HoneyNaps enables medical professionals to directly review the rationale behind AI scoring, significantly enhancing clinical trust and usability.

SOMNUM’s technological excellence has been validated through U.S. FDA clearance and Korea’s Innovative Medical Device designation, and its adoption by domestic and international medical institutions continues to expand.

The World Class Product designation program, launched in 2001, annually identifies products capable of leading the global market within seven years. Certified companies receive government support for global promotion, export consulting, and international marketing. At this year’s ceremony, a business consultation event was held alongside the main program, bringing together 100 overseas buyers and 150 participating companies, resulting in 11 export contracts and MOUs valued at USD 16.3 million.

Taekyoung (Sean) Ha, PhD, President of HoneyNaps USA, stated, “This designation as a Next Generation World Class Product reflects the global competitiveness and growth potential of our AI-driven sleep-medicine technology. We will continue to strengthen our technological leadership so that SOMNUM, our AI-based sleep-scoring innvations, can firmly establish itself as one of representative World Class Products.”

For further information, please contact:
HoneyNaps USA, Inc.
Christine Kwon / Managing Director
Email: sleep@honeynaps.com
Address: #517, SPACES, 361 Newbury Street, Boston, MA, 02115
Website: www.honeynaps.com

UnionPay International Pilot Launches Cross-Border QR Payment Program Between China and Vietnam

HANOI, VIETNAM – Media OutReach Newswire – 2 December 2025 – In December 2025, UnionPay International (UPI) and the National Payment Corporation of Vietnam (NAPAS) officially launched a pilot program for cross-border QR payments connecting China and Vietnam. This program aims to further enhance the mobile payment experience for Chinese tourists in Vietnam and foster closer economic, trade, and cultural exchanges between the two countries.

In October 2024, UPI and NAPAS signed a Memorandum of Understanding (MoU) on cross-border payment cooperation witnessed by the leaders of both countries. In April 2025, UPI, NAPAS, Industrial and Commercial Bank of China (ICBC), and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank, VCB) signed a four-party cooperation agreement in Hanoi, confirming their joint commitment to advancing the China–Vietnam QR Code payment interconnection within the year. The launch of this pilot program marks a significant milestone in enhancing cross-border payment connectivity between the two sides.

After the pilot program is launched, Chinese tourists will be able to make payments at major shopping districts, tourist attractions, and dining and retail merchants in Vietnam by scanning merchants’ VietQR Global QR codes using the UnionPay App and UnionPay-partner Bank Apps, enjoying a seamless and cash-free experience — just like they do in China.

According to the merchant acquisition plans submitted by participating institutions to NAPAS, over 30,000 merchants are expected to be enabled for QR code payments by the end of 2025. In 2026, NAPAS plans to further expand participation to all the member institutions including banks, payment institutions and major local e-wallets thereby broadening the acceptance coverage.

In the future, UPI and NAPAS will also enable Vietnamese users to scan UnionPay QR codes in China using NAPAS member bank apps, achieving two-way connectivity and offering residents and travellers from both countries a more seamless cross-border payment experience.
Larry Wang, CEO of UnionPay International stated:
“Vietnam is an important destination for Chinese tourists and a key market for Chinese enterprises International Business. As economic and cultural exchanges between the two countries deepen, the China–Vietnam QR code interconnection will enhance payment convenience and boost regional financial cooperation.”

The project is a key step in UnionPay’s ASEAN strategy to strengthen cross-border payment networks. Together with NAPAS, UnionPay International aims to build an open and secure payment ecosystem, improve ASEAN’s digital payment infrastructure, and support financial inclusion and connectivity.

Hashtag: #UnionPay

The issuer is solely responsible for the content of this announcement.

Four Seasons Education Reports First Half of Fiscal Year 2026 Unaudited Financial Results

SHANGHAI, Dec. 2, 2025 /PRNewswire/ — Four Seasons Education (Cayman) Inc. (“Four Seasons Education” or the “Company”) (NYSE: FEDU), a tourism and education-related service provider in China, today announced its unaudited financial results for the first half of fiscal year 2026, ended August 31, 2025.

Financial and Operational Highlights for the First Half of Fiscal Year 2026

  • Revenue increased by 7.9% to RMB145.3 million (US$20.4 million), compared with RMB134.7 million in the same period of last year.
  • Gross profit increased by 30.9% to RMB38.8 million (US$5.4 million) from RMB29.7 million in the same period of last year.
  • Operating income was RMB9.2 million (US$1.3 million), compared with an operating loss of RMB5.7 million in the same period of last year.
  • Adjusted operating income(1) (non-GAAP) was RMB9.8 million (US$1.4 million), compared with an adjusted operating loss of RMB1.6 million in the same period of last year.
  • Net income was RMB12.4 million (US$1.7 million), compared with RMB3.0 million in the same period of last year.
  • Adjusted net income(2) (non-GAAP) was RMB13.7 million (US$1.9 million), compared with RMB2.1 million in the same period of last year.
  • Basic and diluted net income per American Depositary Share (“ADS”) were RMB4.53 (US$0.63) and RMB4.48 (US$0.63), respectively, compared with both RMB0.98 in the same period of last year. Each ADS represents ten ordinary shares.
  • Adjusted basic and diluted net income per ADS(3) (non-GAAP) were RMB5.11 (US$0.71) and RMB5.05 (US$0.71), respectively, compared with both RMB0.54 in the same period of last year.

(1) Adjusted operating income is defined as operating income/loss excluding share-based compensation expenses.

(2) Adjusted net income is defined as net income excluding share-based compensation expenses and unrealized holding gain (loss) in investments.

(3) Adjusted basic/diluted net income per ADS is defined as basic/diluted net income per ADS excluding share-based compensation expenses per ADS and unrealized holding gain (loss) in investments per ADS.

For more information on these adjusted financial measures, please see the section captioned under “About Non-GAAP Financial Measures” and the tables captioned “Reconciliation of GAAP and non-GAAP Results” set forth at the end of this release.

Ms. Yi (Joanne) Zuo, Chief Executive Officer and Director of Four Seasons Education, said, “We sustained our solid growth momentum for the six months ended August 31, 2025, with total revenue reaching RMB145.3 million, up 7.9% year-over-year. Owing to a healthy product mix and ongoing efficiency gains, we also maintained our strong upward profitability trajectory, including a significant improvement in gross profit margin from 22.0% in the first half of fiscal year 2025 to 26.7% in the first half of fiscal year 2026 and a significant improve in gross profit from RMB29.7 million in the first half of fiscal year 2025 to RMB38.8 million in the first half of fiscal year 2026. This contributed to our net income climbing to RMB12.4 million, a 313.9% increase year-over-year.”

“Our enrichment learning programs continued to progress steadily as we prioritized high-quality learning experiences for learners of all ages, recording significant revenue growth for the six months ended August 31, 2025. Moving forward, we will prudently expand the enrichment learning business, strategically scaling our capacity in lockstep with market demand to ensure sustainable growth. Meanwhile, we are tilting our tourism product portfolio towards higher-margin, value-added offerings, to establish a more resilient and sustainable business model for this segment. “

“Our relentless focus on operational efficiency, strategic execution, and diverse service and product portfolios positions us well to drive profitable growth. We are confident our profitable premium services and disciplined expansion into new, compliant markets will boost our long-term competitiveness and create lasting value for all stakeholders.”

First Half Fiscal Year 2026 Financial Results

Revenue increased by 7.9% to RMB145.3 million (US$20.4 million) in the first half of fiscal year 2026, from RMB134.7 million in the same period of last year, mainly driven by the growth in the Company’s enrichment learning business due to the business expansion effort.

Cost of revenue was RMB106.5 million (US$14.9 million) in the first half of fiscal year 2026, compared with RMB105.0 million in the same period of last year, mainly due to the increase in staff cost of the Company’s enrichment learning business.

Gross profit was RMB38.8 million (US$5.4 million) in the first half of fiscal year 2026, compared with RMB29.7 million in the same period of last year. The increase of gross profit is mainly driven by the growth in the Company’s enrichment learning business which has higher gross profit ratio.

General and administrative expenses decreased by 10.7% to RMB24.3 million (US$3.4 million) in the first half of fiscal year 2026 from RMB27.2 million in the same period of last year, mainly attributable to the decrease in share-based compensation expenses primarily caused by the repricing of share options in prior year.

Sales and marketing expenses decreased by 34.3% to RMB5.3 million (US$0.7 million) in the first half of fiscal year 2026 from RMB8.1 million in the same period of last year, mainly due to the decrease in advertising activities.

Operating income was RMB9.2 million (US$1.3 million) in the first half of fiscal year 2026, compared with an operating loss of RMB5.7 million in the same period of last year. 

Adjusted operating income(1) (non-GAAP), which is calculated as operating income/loss excluding share-based compensation expenses, was RMB9.8 million (US$1.4 million) in the first half of fiscal year 2026, compared with an adjusted operating loss of RMB1.6 million in the same period of last year.

Interest income, net was RMB3.1 million (US$0.4 million) in the first half of fiscal year 2026, compared with RMB7.5 million in the same period of last year, mainly due to interest expenses are no longer capitalized but expensed since the construction in progress of study camps in Wuyuan, Jiangxi are completed in the fiscal year 2025.

Income tax expense was RMB1.0 million (US$0.1 million) in the first half of fiscal year 2026, compared with RMB3.5 million in the same period of last year, primarily attributable to an increase in the income which is not subject to taxation, resulting in a decrease in income tax compared to the same period last year.

Net income was RMB12.4 million (US$1.7 million) in the first half of fiscal year 2026, compared with RMB3.0 million in the same period of last year. Adjusted net income(2) (non-GAAP), which is calculated as net income excluding share-based compensation expenses and unrealized holding gain (loss) in investments, was RMB13.7 million (US$1.9 million), compared with RMB2.1 million in the same period of last year.

Basic and diluted net income per ADS in the first half of fiscal year 2026 were RMB4.53 (US$0.63) and RMB4.48 (US$0.63), respectively, compared with both RMB0.98 in the same period of last year. Adjusted basic and diluted net income per ADS(3) (non-GAAP) in the first half of fiscal year 2026 were RMB5.11 (US$0.71) and RMB5.05 (US$0.71), respectively, compared with both RMB0.54 in the same period of last year.

Cash and cash equivalents, short-term investments, and short-term investments under fair value. As of August 31, 2025, the Company had cash and cash equivalents, short-term investments, and short-term investments under fair value of RMB213.1 million (US$29.9 million), compared with RMB262.6 million as of February 28, 2025.

Long-term investment under fair value (including current portion). As of August 31, 2025, the Company had long-term investment under fair value (including current portion) of RMB157.9 million (US$22.1 million), compared with RMB103.2 million as of February 28, 2025.

Conference Call

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on December 2, 2025 (9:00 PM Beijing/Hong Kong time on December 2, 2025)

Dial-in details for the earnings conference call are as follows:

United States (toll free):

1-888-346-8982

International:

1-412-902-4272

Hong Kong, China (toll free):

800-905-945

Hong Kong, China:

852-3018-4992

Mainland China (toll free):

400-120-1203

Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for “Four Seasons Education.”

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.sijiedu.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until December 9, 2025, by dialing the following telephone numbers:

United States (toll free):

1-855-669-9658

International:

1-412-317-0088

Replay Access Code:           

9942703

About Four Seasons Education (Cayman) Inc.

Four Seasons Education (Cayman) Inc. is a service provider of both tourism and education-related services in China. The Company’s program, service and product offerings mainly consist of enrichment learning programs, school-based tutoring product solutions and training programs for teachers, study camps and learning trips for students, and travel agency services for all age groups. For more information, please visit https://ir.sijiedu.com.

About Non-GAAP Financial Measures

In evaluating the Company’s business, the Company considers and uses certain non-GAAP measures, including primarily adjusted operating income/loss, adjusted net income/loss and adjusted basic and diluted net income/loss per ADS, as supplemental measures to review and assess the Company’s operating performance. Adjusted operating income/loss is defined as operating income/loss excluding share-based compensation expenses. Adjusted net income/loss is defined as net income/loss excluding share-based compensation expenses and unrealized holding gain/loss in investments (net of tax effect). Adjusted basic/ diluted net income/loss per ADS is defined as basic/diluted net income/loss per ADS excluding share-based compensation expenses per ADS and unrealized holding gain/loss in investments per ADS. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP.

The Company believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses, unrealized holding gain/loss in investments and impairment loss on intangible assets and goodwill (where applicable) that may not be indicative of the Company’s operating performance from a cash perspective. The Company believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to the Company’s historical performance and liquidity. The Company also believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in the Company’s financial and operational decision making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation charges and unrealized holding gain/loss in investments (where applicable) that have been and will continue to be for the foreseeable future a significant recurring expense in the Company’s business. The Company compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.1304 to US$1.00, the rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on August 29, 2025.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements, including the statements relating to the Company’s future financial and operating results, are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. Among other things, management’s quotations and the Business Outlook section contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Potential risks and uncertainties include, but are not limited to, those relating to its ability to develop new learning products, services or activities, its ability to maintain and enhance the brand or reputation of its learning centers or study camps, PRC regulations and policies relating to the learning and travel services, learning technology and content solutions industries in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the NYSE or other stock exchange, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F.

For investor and media inquiries, please contact: 

In China:
Four Seasons Education (Cayman) Inc.
Olivia Li
Tel: +86 (21) 6317-6177
E-mail: IR@fsesa.com 

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: fourseasons@tpg-ir.com 

In the United States:
The Piacente Group, Inc. 
Brandi Piacente
Tel: +1-212-481-2050
E-mail: fourseasons@tpg-ir.com 

 

 

 

FOUR SEASONS EDUCATION (CAYMAN) INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share data and per share data)

As of

February 28,

August 31,

August 31,

2025

2025

2025

RMB

RMB

USD

Current assets

Cash and cash equivalents

210,771

87,949

12,334

Restricted cash, current

496

Accounts receivable, net

2,048

2,854

400

Other receivables, deposits and other assets, net

24,890

29,066

4,076

Amounts due from related parties

3,331

3,681

516

Short-term investments

13,905

54,062

7,582

Short-term investments under fair value

37,953

71,087

9,970

Long-term investments under fair value, current

3,584

7,166

1,005

Total current assets

296,978

255,865

35,883

Non-current assets

Restricted cash, non-current

128,028

126,771

17,779

Property and equipment, net

125,228

123,333

17,297

Operating lease right-of-use assets

40,185

36,006

5,050

Intangible assets, net

1,434

2,586

363

Goodwill

1,125

1,125

158

Long-term investments, net

36,000

45,000

6,311

Long-term investment under fair value, non-current

99,571

150,751

21,142

Other non-current assets

2,593

2,676

375

Total non-current assets

434,164

488,248

68,475

TOTAL ASSETS

731,142

744,113

104,358

Current liabilities

Accounts payable

3,746

3,755

527

Amounts due to related parties

5,256

5,256

737

Accrued expenses and other current liabilities

71,888

75,106

10,532

Operating lease liabilities, current

7,895

6,571

922

Income tax payable

18,859

19,735

2,768

Deferred revenue

27,941

30,244

4,242

Long-term borrowings, current

4,124

578

Total current liabilities

135,585

144,791

20,306

FOUR SEASONS EDUCATION (CAYMAN) INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(in thousands, except share data and per share data)

As of

February 28,

August 31,

August 31,

2025

2025

2025

RMB

RMB

USD

Non-current liabilities

Long-term borrowings

82,134

78,353

10,989

Operating lease liabilities, non-current

8,270

5,733

804

Total non-current liabilities

90,404

84,086

11,793

TOTAL LIABILITIES

225,989

228,877

32,099

EQUITY

Total equity

505,153

515,236

72,259

TOTAL LIABILITIES AND EQUITY

731,142

744,113

104,358

 

 

 

FOUR SEASONS EDUCATION (CAYMAN) INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share data and per share data)

Six Months Ended August 31,

2024

2025

2025

RMB

RMB

USD

Revenue

 — Revenue from third parties

134,376

145,285

20,375

 — Revenue from related parties

303

14

2

Total revenue

134,679

145,299

20,377

Cost of revenue

 — Cost of revenue from third parties

(101,240)

(106,466)

(14,931)

 — Cost of revenue from related parties

(3,783)

Gross profit

29,656

38,833

5,446

General and administrative expenses

(27,187)

(24,275)

(3,404)

Sales and marketing expenses

(8,130)

(5,342)

(749)

Operating (loss) income

(5,661)

9,216

1,293

Subsidy income

596

170

24

Interest income, net

7,484

3,060

429

Realized holding (loss) gain in investments

(635)

3,312

464

Unrealized holding gain (loss) in investments

5,017

(760)

(107)

Investment income

1,064

149

Other expense, net

(343)

(2,572)

(361)

Income before income taxes

6,458

13,490

1,891

Income tax expense

(3,451)

(1,043)

(146)

Net income

3,007

12,447

1,745

Less: Net income attributable to non-controlling interest

928

2,212

310

Net income attributable to Four Seasons Education (Cayman) Inc.

2,079

10,235

1,435

Net income per ordinary share:

Basic

0.10

0.45

0.06

Diluted

0.10

0.45

0.06

Weighted average shares used in calculating net income per ordinary
share:

Basic

21,189,440

22,603,604

22,603,604

Diluted

21,234,983

22,832,293

22,832,293

 

 

 

FOUR SEASONS EDUCATION (CAYMAN) INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands, except share data and per share data)

Six Months Ended August 31,

2024

2025

2025

RMB

RMB

USD

Net income

3,007

12,447

1,745

Other comprehensive income (loss), net of tax of nil

Foreign currency translation adjustments

508

(3,785)

(531)

Comprehensive income

3,515

8,662

1,214

Less: Comprehensive income attributable to non-controlling interest

928

2,212

310

Comprehensive income attributable to Four Seasons Education (Cayman) Inc.

2,587

6,450

904

 

 

 

FOUR SEASONS EDUCATION (CAYMAN) INC.

RECONCILIATION OF GAAP AND NON-GAAP RESULTS

(in thousands, except share data and per share data)

Six Months Ended August 31,

2024

2025

2025

RMB

RMB

USD

Operating (loss) income

(5,661)

9,216

1,293

Add: share-based compensation expenses

4,086

542

76

Adjusted operating (loss) income (non-GAAP)

(1,575)

9,758

1,369

Net income

3,007

12,447

1,745

Add: share-based compensation expenses (net of tax effect of nil)

4,086

542

76

Add: unrealized holding (gain) loss in investments (net of tax effect of nil)

(5,017)

760

107

Adjusted net income (non-GAAP)

2,076

13,749

1,928

Basic net income per ADS

0.98

4.53

0.63

Add: share-based compensation expenses per ADS

1.93

0.24

0.03

Add: unrealized holding (gain) loss in investments per ADS

(2.37)

0.34

0.05

Adjusted basic net income per ADS (non-GAAP)

0.54

5.11

0.71

Diluted net income per ADS

0.98

4.48

0.63

Add: share-based compensation expenses per ADS

1.92

0.24

0.03

Add: unrealized holding (gain) loss in investments per ADS

(2.36)

0.33

0.05

Adjusted diluted net income per ADS (non-GAAP)

0.54

5.05

0.71

Weighted average ADSs used in calculating earnings per ADS

Basic

2,118,944

2,260,360

2,260,360

Diluted

2,123,498

2,283,229

2,283,229