United States securities and exchange commission logo February 5, 2021 Shaowei Zhang Chief Executive Officer First High-School Education Group Co., Ltd. No.1, Tiyuan Road, Xishan District Kunming, Yunnan Province 650228 The People's Republic of China Re: First High-School Education Group Co., Ltd. Amended Registration Statement on Form F-1 Filed January 14, 2021 File No. 333-252076 Dear Mr. Zhang: We have reviewed your registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Amended Registration Statement on Form F-1 Risk Factors, page 16 1. We note that Section 168 of your Second Amended and Restated Memorandum and Articles of Association filed as Exhibit 3.2 appears to contain an exclusive forum provision that requires Securities Act claims to be brought in federal court. Please revise your disclosure to also state that investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder. In that regard, we note that Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder. In addition, describe any risks or other impacts of this provision on investors, such as increased costs to bring claims and the potential to Shaowei Zhang First High-School Education Group Co., Ltd. February 5, 2021 Page 2 discourage claims or limit investors' ability to bring claims in a forum they find favorable. Further, please address any uncertainty about the provision's enforceability. Finally, if this provision applies to actions arising under the Exchange Act, please revise the provision and related prospectus disclosure accordingly; if this provision does not apply to actions arising under the Exchange Act, please ensure that the provision and your discussion of the provision in the prospectus state this clearly, or tell us how you will inform future investors that the provision does not apply to any actions arising under the Exchange Act. Uncertainties exist in relation the new legislation or proposed changes, page 17 2. We note your revised disclosure at page 17 of the prospectus. Please revise to disclose whether you have, or will seek, an opinion with regard to the legality of your contractual arrangements under the Opinions issued on August 17, 2020. In addition, please disclose whether this legal question is currently under judicial or legislative consideration and, if so, when you expect for the question to be resolved. Lastly, please revise the summary to more clearly disclose this risk, if material. In this regard, we note that the list of risk factors at pages 4 and 5 of the summary section does not adequately notify investors of the risk presented. We will be a controlled company under the Corporate Governance Rules of the NYSE, page 31 3. We note revised disclosure in the prospectus stating that you will be a controlled company. Please disclose whether you intend to rely on any exemptions as a controlled company. Our dual-class share structure with different voting rights, page 49 4. We note your risk factor discussion of your dual class share structure. Please revise your disclosure to discuss: that a multi-class structure may render your shares ineligible for inclusion in certain stock market indices, and thus adversely affect share price and liquidity, and may adversely affect public sentiment; that any future issuances of Class B ordinary shares may be dilutive to the voting power of Class A ordinary shareholders; and the impact of the conversion of Class B ordinary shares on holders of Class A ordinary shares, including dilution and the reduction in aggregate voting power, as well as the potentialZhang FirstName LastNameShaowei increase in the relative voting power if one of the Class B holders retains their shares. Comapany NameFirst High-School Education Group Co., Ltd. Please February include 5, 2021 Pagesimilar 2 disclosure under "Description of Share Capital." FirstName LastName Shaowei Zhang FirstName LastNameShaowei ZhangCo., Ltd. First High-School Education Group Comapany5,NameFirst February 2021 High-School Education Group Co., Ltd. February Page 3 5, 2021 Page 3 FirstName LastName Capitalization , page 63 5. It appears adjustments (1) and (2) in the second bullet are the only ones that should appear in the pro forma column, as these items have occurred and are consistent with the pro forma presentation on the face of the historical balance sheet disclosed elsewhere. Please advise or revise as appropriate. Management's Discussion and Analysis of Financial Condition and Results of Operation Liquidity and Capital Resources Operating activities, page 93 6. The discussion appears to focus on how the amount for cash of operating activities was derived in each period rather than a period to period comparative analysis of material changes therein. The analysis should address and quantify the significant drivers underlying the changes and how they impact operating cash. Please refer to section III.D of Release No. 33-6835, section IV.B.1 of Release No. 33-8350 and section 501.04 of the staff s Codification of Financial Reporting Releases for guidance. Compensation of Directors and Executive Officers, page 144 7. Please update your compensation disclosure as of the most recently completed fiscal year. Refer to Item 6.B. of Form 20-F. Principal and Selling Shareholders, page 146 8. Please revise here and on the cover page to clearly state the name of your selling shareholder. In addition, please revise to disclose the natural person with voting and dispositive control over the securities held by the entities in your table. Taxation, page 172 9. Please revise to state that the disclosure in this section, to the extent it discusses Cayman Islands law, is the opinion of Maples and Calder. Similarly, revise to state that the disclosure in this section, to the extent it discusses PRC law, is the opinion of Jingtian & Gongcheng. Refer to Section III.B.2 of Staff Legal Bulletin No. 19. Consolidated Statements of Cash Flows Supplemental disclosures of non-cash investing and financing activities, page F-9 10. You present payable for declared dividends of 52,734 for 2019 but do not present any dividends declared in the statement of changes in equity for 2019. The same presentation issue exists for the interim period statements of cash flows included in the filing. Please reconcile and revise as appropriate. Shaowei Zhang FirstName LastNameShaowei ZhangCo., Ltd. First High-School Education Group Comapany5,NameFirst February 2021 High-School Education Group Co., Ltd. February Page 4 5, 2021 Page 4 FirstName LastName Notes to Unaudited Condensed Consolidated Financial Statements 16. Subsequent Events (e) Corporate Restructuring, page F-76 11. We note you have determined the redeemable ordinary shares will be classified as mezzanine equity. Please tell us how you determined this treatment is appropriate given the guidance in FASB ASC 480-10-25-4 and how your current presentation is appropriate. If you conclude that treatment as a liability instead of mezzanine equity is appropriate, please tell us how you ascertained the redemption value. 12. We note from your balance sheet presentation and your disclosure here that you have retrospectively restated your equity section to include the effect the IPO will have on the Longwater shares. Specifically, upon completion of the IPO, the Special Rights associated with the Longwater shares will terminate, eliminating the need to classify the liability associated with the redemption provision outside equity. We also note you have included a signed audit opinion. Since the IPO has not yet occurred, the presentation giving effect to the removal of the Special Rights from the Longwater shares does not appear appropriate. Accordingly, it appears this presentation would prevent your auditor from expressing an opinion on the financial statements prior to the date of the offering. Please advise. 17. Pro Forma Balance Sheet and Earnings Per Ordinary Share, page F-78 13. We note on December 9, 2020 you made a distribution to your Parent and reported it within equity. Please tell us how you considered this payment in your calculation of pro forma earnings per share pursuant to the guidance in SAB Topic 1.B.3. 14. From disclosure elsewhere in your filing, of the dividends of RMB 52,734 declared in 2018 and previously unpaid, RMB 42,300 was paid in December 2020 and the remaining RMB 10,434 will be paid in the first quarter of 2021. Please tell us how you considered these payments in your calculation of pro forma earnings per share pursuant to the guidance in SAB Topic 1.B.3. Exhibits 15. Please revise your legality opinion to remove the assumption contained in paragraph 2.4. In this regard, please note that it is inappropriate to assume readily ascertainable facts. 16. Please revise paragraph 3.3 of the legality opinion to properly opine as to the resale shares. In this regard, we note that counsel is required to opine that the resale shares are currently legally issued, fully-paid, and non-assessable. 17. Please revise Section C.4 of Exhibit 99.2 to state that the disclosure in the Taxation section of the prospectus, to the extent it discusses PRC law, is the opinion of Jingtian & Gongcheng. Refer to Section III.B.2 of Staff Legal Bulletin No. 19. Shaowei Zhang First High-School Education Group Co., Ltd. February 5, 2021 Page 5 General 18. Please expand your disclosure to discuss, to the extent practicable and including quantification, the impact that COVID-19 has had and is likely to have on your results of operations. Refer to CF Disclosure Guidance: Topic No. 9. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact Amy Geddes at (202) 551-3304 or Doug Jones at (202) 551-3309 if you have questions regarding comments on the financial statements and related matters. Please contact Daniel Morris at (202) 551-3314 or Lilyanna Peyser at (202) 551-3222 with any other questions. Sincerely, FirstName LastNameShaowei Zhang Division of Corporation Finance Comapany NameFirst High-School Education Group Co., Ltd. Office of Trade & Services February 5, 2021 Page 5 cc: Dan Ouyang, Esq. FirstName LastName