Four Seasons Education (Cayman), Inc. Q4 FY2021 earnings call

• COVID-19 pandemic presented challenges, but company proactively optimized operations. Q4 2021 had robust business recovery with 26% Y/Y student enrollment increase. Strong market demand for academic curricula. Accelerated enrollment retention rates in Shanghai centers. Middle school programs had 78% Y/Y growth in Q4. Expanded educational service portfolio with community-based study room chain. Collaborated with Tencent for intelligent education. Optimized nationwide learning center network by adding a new center outside Shanghai.

No specific segment performance breakdown provided. Revenue for Q4 2021 was RMB 70.2 million, cost of revenue decreased by 9.4% to RMB 41.9 million, gross profit increased by 14.1% to RMB 28.3 million. General and administrative expenses decreased by 29.0% to RMB 28.3 million. Operating loss was RMB 8.5 million, net loss was RMB 11.5 million.

• For Q1 FY 2022, expects revenues in range of RMB 67.5 million to RMB 70.4 million, representing 15% to 20% Y/Y increase. The guidance reflects current and preliminary view, subject to change.

• Forward-looking statements involve inherent risks and uncertainties; company's results may differ materially from views expressed. Further information regarding risks and uncertainties in company's prospectus and annual report on Form 20-F filed with SEC.

Q: None A: None