First High-School Education Group's Voluntary Update on Operation

BEIJING,Jan. 28,2022 --First High-School Education Group Co.,Ltd. ("First High-School Education Group" or the "Company") (NYSE: FHS),an education service provider primarily focusing on high schools in Western China,today announced its voluntary update on Company's business operations.

The Company's board of directors is aware of the recent unusual fluctuations in the Company's share price. The Company's business operations are in normal progress and it operates relevant schools in accordance with applicable governing laws and regulations.

As of the date of this announcement,the Company is not aware of any potential changes in existing applicable laws and regulations that may have any material adverse impact on the business operations and prospects of the Company. The Company will continue to monitor the latest regulatory updates,and seek to comply with relevant laws and regulations in its business operations.

About First High-School Education Group

First High-School Education Group is an education service provider primarily focusing on high schools in Western China. The Company aspires to become a leader and innovator of private high school education in China,with the focuses on a comprehensive education management integrating education information consulting,education research project development,education talent management,education technology management,education service management,and general vocational integration development services. For more information,please visit https://ir.diyi.top/.

Forward-Looking Statements

Statements in this press release about future expectations,plans and prospects,as well as any other statements regarding matters that are not historical facts,may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include,but are not limited to,statements relating to the expected trading commencement and closing dates. The words "achieve," "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements,although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors,including the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all,and other factors discussed in our annual report on Form20-Fand other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof,and the Company specifically disclaims any obligation to update any forward-looking statement,whether as a result of new information,future events or otherwise.

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