Puxin Limited - ADR

Puxin Ltd. provides educational services. It offers K-12 tutoring services, which provide educational services in various forms, such as classroom-based after-school tutoring, as well as full-time tutoring for preparation of university entrance exams and art college admission exams, to help students enhance their academic results. The firm operates through the following segments: K-12 tutoring services and Study Abroad tutoring services. The company was founded by Yun Long Sha in September 2014 and is headquartered in Beijing, China.

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BEIJING , April 28, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced that the Company has appointed Mr. Liang Zeng as an independent director to the Company's board of directors (the "Board"), effective April 28, 2022.

Puxin Limited Announces Changes to Board Composition

BEIJING, March 7, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced that the Company appointed Marcum Bernstein & Pinchuk LLP ("MBP") as the Company's independent registered public accounting firm for its fiscal year ended December 31, 2021. At the same time, the Company and Deloitte Touche Tohmatsu Certified Public Accountants LLP ("Deloitte") have mutually agreed to terminate Deloitte's appointment as the Company's independent registered public accounting firm, effective immediately.

Puxin Limited Announces Change of Auditor to MBP

BEIJING, Feb. 21, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced that based on a notification letter it received on February 18, 2022 from the New York Stock Exchange ("NYSE"), the Company has regained compliance with the NYSE's continued listing standard for share prices. On August 18, 2021, the Company was notified by the New York Stock Exchange ("NYSE") of its noncompliance with the NYSE's continued listing standards because the average closing price of its American depositary shares had fallen below $1.00 over a period of 30 consecutive trading days.

Puxin Limited Announces Regain Compliance with NYSE Minimum Price Requirement

BEIJING, Feb. 4, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced that it is evaluating opportunities to expand its existing business by entering into the fast-food chain restaurants business in China. The Company possesses a strong integration capability and expects that its Puxin Business System, which covers 3,000 management modules, would allow it to optimize the operating system and business performance of existing restaurants.

Puxin Limited Plans to Enter into the Fast-food Chain Restaurant in China

BEIJING, Jan. 27, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), today announced that it will change the effective date of its change to the ratio of its American depositary shares ("ADSs"). On January 21, 2022, Puxin announced that it intended to change the ratio of its ADSs representing ordinary shares from one (1) ADS representing two (2) ordinary shares to one (1) ADS representing twenty (20) ordinary shares effective on or about February 1, 2022.

Puxin Limited Announces Change to American Depositary Share Ratio

BEIJING, Jan. 21, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), today announced that it will change the ratio of its American depositary shares ("ADSs") representing its ordinary shares from one (1) ADS representing two (2) ordinary shares to one (1) ADS representing twenty (20) ordinary shares. For Puxin's ADS holders, the change in the ADS ratio will have the same effect as a one-for-ten reverse ADS split.

Puxin Limited Announces Change to American Depositary Share Ratio and Reports Receipt of NYSE Non-Compliance Notice Regarding Continued Listing Standards

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BEIJING, Dec. 29, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2021. Highlights for the Second Quarter Ended June 30, 2021 Net revenues were RMB674.1 million (US$104.4 million), an increase of 12.2% from RMB601.1 million in the second quarter of 2020.

Puxin Limited Announces Second Quarter 2021 Unaudited Financial Results

BEIJING, Dec. 24, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today provided business updates following the recent regulatory developments relating to after-school tutoring services, including the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education, published in July 2021 by the General Office of the CPC Central Committee and the General Office of the State Council (the "Opinion") and the related implementation rules, regulations and measures promulgated by competent authorities. In compliance with the Opinion and applicable rules, regulations and measures, the Company plans to dispose tutoring services related to academic subjects (the "K-12 Academic AST Services") at all learning centers across China (the "Disposal").

Puxin Limited Provides Business Updates

BEIJING, Dec. 22, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced that it will report its financial results for the second quarter ended June 30, 2021, before U.S. markets open on December 29, 2021. About Puxin Limited Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a private educational services provider in China.

Puxin to Report Second Quarter 2021 Financial Results on December 29, 2021

BEIJING, Nov. 24, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a consolidator of private educational services in China, today announced that it will hold its annual general meeting of shareholders (the "AGM") at Floor 5, Dingjun Building, No. 75 Suzhou Street, Haidian District, Beijing, People's Republic of China on December 20, 2021 at 9:00 a.m.

Puxin Limited to Hold Annual General Meeting on December 20, 2021

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BEIJING, Aug. 19, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that, it has received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") dated August 18, 2021, notifying Puxin that it is below compliance criteria in connection with the performance of trading price of Puxin's American depositary shares (the "ADSs"). Pursuant to Section 802.01C of the NYSE's Listed Company Manual, a company will be considered to be below compliance criteria if the average closing price of its security is less than US$1.00 over a consecutive 30 trading-day period.

Puxin Limited Announces Receipt of NYSE Non-compliance Notice Regarding ADS Trading Price

BEIJING, July 27, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that, on July 24, 2021, China's official state media, including Xinhua News Agency and China Central Television, announced the Opinions on Further Alleviating the Burdens of Homework and After-school Tutoring for Students of Compulsory Education (the "Opinion"), issued by the General Office of the CPC Central Committee and the General Office of the State Council. The Opinion contains high-level policy directives about requirements and restrictions related to after-school tutoring services, including, among others, (i) institutions providing after-school tutoring services on academic subjects in China's compulsory education system, or Academic AST Institutions, are required to be registered as non-profit, no approval will be granted to establish new Academic AST Institutions, and online Academic AST Institutions will be subject to approvals; (ii) foreign ownership in Academic AST Institutions is prohibited, including through contractual arrangements, and companies with existing foreign ownership are required to make rectification; (iii) listed companies are prohibited from raising capital to invest in businesses that offer after-school tutoring services on academic subjects of compulsory education; (iv) Academic AST Institutions are prohibited from providing tutoring services on academic subjects of compulsory education during public holidays, weekends and school breaks; and (v) Academic AST Institutions are required to follow the fee standards to be determined by competent government authorities.

Puxin Limited Responds to Media Reports

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Puxin Limited (NEW) CEO Yunlong Sha on Q1 2021 Results - Earnings Call Transcript

BEIJING, May 24, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced its unaudited financial results for the first quarter ended March 31, 2021. First Quarter 2021 Financial and Operational Highlights Net revenues were RMB686.8 million (US$104.8 million), a decrease of 8.6% from RMB751.3 million in the first quarter of 2020.

Puxin Limited Announces First Quarter 2021 Unaudited Financial Results

BEIJING, May 17, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that it will report its financial results for the first quarter ended March 31, 2021, before U.S. markets open on May 24, 2021. Puxin's management will hold an earnings conference call on Monday, May 24, 2021, at 7:00 AM U.S. Eastern Time (7:00 PM on the same day, Beijing/Hong Kong Time).

Puxin to Report First Quarter 2021 Financial Results on May 24, 2021

BEIJING, April 30, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission (the "SEC") on April 30, 2021. The annual report on Form 20-F, which contains its audited financial statements, can be accessed on the SEC's website at http://www.sec.gov as well as via the Company's investor relations website at http://ir.pxjy.com/.

Puxin Limited Files Annual Report on Form 20-F for Fiscal Year 2020

BEIJING, March 31, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that its board of directors has authorized a share repurchase program to repurchase through one or more transactions up to US$20 million worth of its American depository shares ("ADSs"), representing its ordinary shares, during a 12-month period ending on March 31, 2022 (the "Share Repurchase Program"). Under the Share Repurchase Program, Puxin may purchase its ADSs through various means, including open market transactions, privately negotiated transactions, any combination thereof or other legally permissible means.

Puxin Announces US$20 Million Share Repurchase Program

BEIJING, March 19, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that it has entered into a convertible note purchase agreement with funds managed by PAG (the "Purchaser"), pursuant to which Puxin will issue and sell convertible notes in an aggregate principal amount of US$20 million through a private placement to the Purchaser. The transaction is subject to the satisfaction of customary closing conditions.

Puxin Announces US$20 Million Private Placement of Convertible Notes

Puxin Limited (NEW) CEO Yunlong Sha on Q4 2020 Results - Earnings Call Transcript

BEIJING, March 16, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020. Fourth Quarter 2020 Financial and Operational Highlights Net revenues were RMB718.3 million (US$110.1 million), a decrease of 16.4% from RMB859.3 million in the fourth quarter of 2019.

Puxin Limited Announces Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results

BEIJING, March 3, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2020,...

Puxin to Report Fourth Quarter and Fiscal Year 2020 Financial Results on March 16, 2021

BEIJING, Feb. 26, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that it has entered into convertible note purchase agreements with a group of institutional investors...

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