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ATA CREATIVITY GLOBAL

(AACG)
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ATA Creativity Global : ACG Announces Results of Annual General Meeting of Shareholders - Form 6-K

12/03/2021 | 06:22am EST

ACG Announces Results of Annual General Meeting of Shareholders

Beijing, China, December 3, 2021 - ATA Creativity Global ("ACG" or the "Company", Nasdaq: AACG),an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity, today announced that its 2021 Annual General Meeting of Shareholders ("AGM") was held on Friday, December 3, 2021.

All of the proposals submitted to shareholders at the 2021 AGM were approved.Specifically, shareholders approved:

1. Re-election of Zhilei Tong to serve as a class A director of the Company.

2. Re-appointment of KPMG Huazhen LLP as the Company's independent auditor for the fiscal year ending December 31, 2021 and authorization to the board of directors of the Company and its audit committee to determine the remuneration of KPMG Huazhen LLP.

About ATA Creativity Global

ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity. ATA Creativity Global offers a wide range of education services consisting primarily of portfolio training, research-based learning services, overseas study counselling and other educational services through its training center network. For more information, please visit ACG's website at www.atai.net.cn.

For more information on our company, please contact the following individuals:

At the Company

Investor Relations

ATA Creativity Global

The Equity Group Inc.

Amy Tung, Chief Financial Officer

Carolyne Y. Sohn, Vice President

+86 10 6518 1133 x 5518

415-568-2255

amytung@acgedu.cn

csohn@equityny.com

Adam Prior, Senior Vice President

212-836-9606

aprior@equityny.com

Disclaimer

ATA Creativity Global published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 11:21:26 UTC.


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Financials
Sales 2020 162 M 25,6 M 25,6 M
Net income 2020 -92,2 M -14,6 M -14,6 M
Net cash 2020 64,9 M 10,3 M 10,3 M
P/E ratio 2020 -0,38x
Yield 2020 -
Capitalization 338 M 53,4 M 53,5 M
EV / Sales 2019 1,48x
EV / Sales 2020 1,07x
Nbr of Employees 580
Free-Float 93,6%
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Managers and Directors
Xiao Feng Ma Chairman & Chief Executive Officer
Jun Zhang President & Director
Amy Tung Chief Financial Officer
Yan Yan Independent Director
Hong Ni Independent Director
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