Four Seasons Education ^{Priced, NYSE: FEDU}

We are the largest after-school math tutoring service provider for elementary school students in Shanghai, as measured by gross billings and number of students, according to the Frost & Sullivan Report. We offer our education through three sets of programs: standard programs, personalized Ivy programs and an assortment of special programs, including competition workshops and courses delivered in K-12 schools. We derive our revenues primarily from tuition collected from our education services. We expanded our network from 10 learning centers in Shanghai in 2015 to 33 learning centers in five cities across China as of October 2017.