{"url_path":"/sec/fedu/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS","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":843,"has_tables":true,"body_markdown":"ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS\n\nA. Major Shareholders\n\nSee “Item 6. Directors, Senior Management and Employees — E. Share Ownership.”\n\n \n\n131\n\n \n\n[Table of Contents](#toc_page)\n\n \n\n \n\nB. Related Party Transactions\n\nContractual Arrangements with The VIEs, Their Shareholders and Us\n\nSee “Item 4. Information on the Company — C. Organizational Structure — Contractual Arrangements among the VIEs, Their Shareholders and Us.”\n\nTransactions with Other Related Parties\n\nPurchases of Services Provided by Related Parties\n\nWe purchased IT service and learning service for the online course from Shanghai Four Season Online School (“SHFSOS”), an entity sponsored by Shanghai Jiaxin Travel Agency which is controlled by Mr. Tian Peiqing who is the chairman of us. For the 2024, 2025 and 2026 fiscal years, we entered into transactions of an aggregate of approximately RMB0.3 million, RMB6.6 million and nil, respectively, to purchase services from SHFSOS. We purchase resource usage service from Jiangxi Wuyuan Tourism Co., Ltd (\"Wuyuan Tourism\"), a non-controlling interest shareholder of us. For the 2024, 2025 and 2026 fiscal years, we entered into transactions of an aggregate of approximately nil, RMB1.2 million and RMB0.8 million (US$0.1 million), respectively, to purchase services from Wuyuan Tourism. We also purchased comprehensive consulting service from Shanghai Xinhao Consulting Management Co., Ltd (\"Xinhao Consulting\"), a non-controlling interest shareholder of us. The amounts of transactions that we entered into with Xinhao Consulting were approximately nil, RMB0.3 million and RMB1.4 million (US$0.2 million) for the 2024, 2025 and 2026 fiscal years, respectively. We charged service fee for the copyright use of our self-developed book series and purchased printing service for the self-developed book series from East China Normal University Electronic and Audio-visual Publishing House (\"ESNU E&A Publishing\"), a wholly-owned subsidiary of the non-controlling shareholder of us. For the 2024, 2025 and 2026 fiscal years, we entered into transactions of an aggregate of approximately RMB0.1 million, RMB0.1 million and RMB0.2 million (US$0.03 million), respectively, to purchase services from ESNU E&A Publishing.\n\nServices Provided to Related Parties\n\nWe provide services to Shanghai Four Season Online School (\"SHFSOS\"), which is sponsored by Shanghai Jiaxin Travel Agency (\"Jiaxin Travel\"), an entity controlled by Mr. Tian Peiqing, Chairman of the Company. We entered into transactions of an aggregate of approximately RMB0.9 million, nil and nil to provide course design and development services, digital learning system, student management platform and promotional assistance service to SHFSOS, in the 2024, 2025 and 2026 fiscal year, respectively. We also entered into transactions of an aggregate of approximately RMB1.2 million, RMB0.01 million and nil to provide tourism service to Jiaxin Travel, in the 2024, 2025 and 2026 fiscal year, respectively. The amounts of transactions that we entered into with others were approximately RMB0.3 million, RMB0.4 million and RMB0.01 million (US$0.002 million) for the 2024, 2025 and 2026 fiscal years, respectively.\n\n \n\n132\n\n \n\n[Table of Contents](#toc_page)\n\n \n\n \n\nShort-term lease and auxiliary service cost\n\nWe purchased rent operation space, school reception, management, and cleaning service from Shanghai Jing’an Dangdai Art Training School (\"Dangdai\"), an entity sponsored by Shanghai Jiaxin Travel Agency which is controlled by Mr. Tian Peiqing who is the chairman of us. For the 2024, 2025 and 2026 fiscal years, we entered into transactions of an aggregate of approximately RMB3.0 million, RMB4.3 million and RMB1.2 million (US$0.2 million), respectively, to purchase services from Dangdai. We also purchased rent operation space, school reception, management, and cleaning service from Shanghai Jiading Four Seasons Bole Training School (\"Bole\"), an entity sponsored by Shanghai Jiaxin Travel Agency which is controlled by Mr. Tian Peiqing who is the chairman of us. For the 2024, 2025 and 2026 fiscal years, we entered into transactions of an aggregate of approximately RMB1.1, RMB2.8 million and RMB1.3 million (US$0.2 million), respectively, to purchase services from Bole. We also purchased rent operation space, school reception, management, and cleaning service from Shanghai Changning Four Seasons Training School (\"Changning FSTS\"), Shanghai Minhang Four Seasons Culture Training School (\"Minhang FSCS\"), Shanghai Xuhui Four Seasons Training School (\"Xuhui FSTS\"), and Shanghai Pudong New District Four Seasons Educational Training School (\"Pudong FSETS\"), entities sponsored by Shanghai Jiaxin Travel Agency which is controlled by Mr. Tian Peiqing who is the chairman of us. For the 2024, 2025 and 2026 fiscal years, we entered into transactions of an aggregate of approximately nil, RMB4.0 million and RMB4.7 million (US$0.7 million), respectively, to purchase services from Changning FSTS, Minhang FSCS, Xuhui FSTS and Pudong FSETS.\n\nLoan to Related Party\n\nWe provided interest-free, unsecured and due on demand loan to Shanghai Jing’an Dangdai Art Training School (“Dangdai”) of RMB3.8 million, nil and nil in the 2024, 2025 and 2026 fiscal year, respectively. We provided interest-free, unsecured and due on demand loan to other related parties of RMB1.0 million, nil and RMB0.8 million (US$0.1 million) in the 2024, 2025 and 2026 fiscal year, respectively.\n\nShare Incentive Plan\n\nSee “Item 6. Directors, Senior Management and Employees — B. Compensation — Share Incentive Plan.”\n\nEmployment Agreements and Indemnification Agreements\n\nSee “Item 6. Directors, Senior Management and Employee — A. Directors and Senior Management — Employment Agreements and Indemnification Agreements.”\n\nC. Interest of Experts and Counsel\n\nNot applicable."}