As of February 28, 2026, details of the Company’s major subsidiaries, its VIEs and VIEs’ subsidiaries are as follows:
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Name |
|
Later of
date of
incorporation
or acquisition |
|
Place of
incorporation
(or
establishment) |
|
Equity interest
attributed to the
Group as of
February 28,
2026 |
|
Principal
activities |
Subsidiaries: |
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Four Seasons Education (Hong Kong) Limited
("Four Seasons Hong Kong") |
|
June 24,
2014 |
|
Hong Kong |
|
100% |
|
Investment
holding |
Shanghai Fuxi Information Technology Service Co., Ltd.
("Shanghai Fuxi") |
|
December 29,
2014 |
|
Shanghai |
|
100% |
|
Consulting
service |
Wuyuan Sijijiaozhong Tourism Inv Mgt Co., Ltd.
("Wuyuan Sijijiaozhong") |
|
December 20,
2023 |
|
Jiangxi |
|
100% |
|
Consulting service |
Variable interest entities: |
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Shanghai Luoliang Network Technology Co., Ltd.
("Shanghai Luoliang") |
|
March 12,
2014 |
|
Shanghai |
|
100% |
|
Education
service |
Shanghai Four Seasons Education Investment Management Co., Ltd.
("Four Seasons Investment") |
|
March 13,
2007 |
|
Shanghai |
|
100% |
|
Investment
holding |
VIEs' subsidiaries: |
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Wufeng Siji Xuezhi Education Management Co., Ltd.
(“Wufeng Siji Xuezhi”) |
|
October 19,
2021 |
|
Hubei |
|
60% |
|
Tourism
service |
Shanghai Huangpu Fantasy Further Education School
("Fantasy School") |
|
September 1,
2018 |
|
Shanghai |
|
51% |
|
Education
service |
Shanghai Jing'an Four Seasons Intellectual Sports Club
("Four Seasons Intellectual Sports") |
|
June 15,
2018 |
|
Shanghai |
|
100% |
|
Education
service |
Shanghai Zihua International Travel Service Co., Ltd.
(“Shanghai Zihua”) |
|
June 1,
2023 |
|
Shanghai |
|
55% |
|
Tourism
service |
Shanghai Xuhui Siji Xuece Education Technology Co., Ltd.
(“Shanghai Siji Xuece”) |
|
July 7,
2025 |
|
Shanghai |
|
100% |
|
Education
service |
Shanghai Jing'an Siji Youxue Education Technology Co., Ltd.
(“Shanghai Siji Youxue”) |
|
July 14,
2025 |
|
Shanghai |
|
100% |
|
Education
service |
Shanghai Pudong Siji Tian'an Education Technology Co., Ltd.
(“Shanghai Siji Tianan”) |
|
August 29,
2025 |
|
Shanghai |
|
100% |
|
Education
service |
(1)Since May 2024, Wuyuan Siji Gongda was reclassified from the Company’s subsidiary to VIE’s subsidiary due to the shareholder structure change and VIE held 54% equity interest in Wuyuan Siji Gongda after this change. (2)Chongqing Jingzhan Technology Training Center Co., Ltd. (“Chongqing Jingzhan”) was deregistered in December 2025. Please refer to Note 3 for details.
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