Four Seasons Education (Cayman) Inc. announced that the Company has entered into a facility agreement (the "Facility Agreement") with China Merchants Bank Co.,Ltd. Singapore Branch for an uncommitted credit facility up to RMB110 million (in USD equivalent), which will be utilized to provide credit support for a domestic fixed assets loan (the "Loan") of RMB 90 million. The Loan will mature 84 months after the date of the Facility Agreement. The purpose of the Loan is primarily to fund the construction and development of Wuyuan Siji Gongda Integrated Practical Study Camp Project.