{"url_path":"/sec/fedu/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-06-17","source_url":"https://www.sec.gov/Archives/edgar/data/1709819/0001193125-26-273350-index.html","accession_number":"0001193125-26-273350","cik":"0001709819","ticker":"FEDU","issuer_name":"Four Seasons Education (Cayman) Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1709819/0001193125-26-273350-index.html","primary_entity_key":"0001709819","primary_entity_name":"Four Seasons Education (Cayman) Inc."},"word_count":200,"has_tables":true,"body_markdown":"ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS\n\nA.—D. Material Modifications to the Rights of Security Holders\n\nSee “Item 10. Additional Information” for a description of the rights of shareholders, which remain unchanged.\n\nE. Use of Proceeds\n\nThe following “Use of Proceeds” information relates to the registration statement on Form F-1 (File No. 333-220951), as amended, in relation to our initial public offering, which was declared effective by the SEC on November 7, 2017. In November 2017, we completed our initial public offering in which we issued and sold an aggregate of 9,608,738 ADSs, representing 4,804,369 ordinary shares, resulting in net proceeds to us of approximately US$89.5 million.\n\nFor the period from the effective date of the registration statement on Form F-1 to February 28, 2026, we have used US$49.3 million of our proceed from the offering, of which US$25.1 million was paid in connection with our dividend paid in 2018 and 2024, US$8.4 million was paid in connection with our share repurchase, US$5.8 million was paid in connection with equity investments, US$3.0 million was used in connection with capital expenditures and US$7.0 million was used for working capital and other general corporate purposes."}