Four Seasons Education is an after-school education provider in China that operates through a Cayman Islands holding company with variable interest entities in Shanghai and other regions. The company shifted its business model following 2021 regulatory restrictions on academic tutoring for compulsory education, now focusing on art and non-academic education services through schools and learning centers, as well as tourism and educational travel services. The company generates revenue primarily through service fees paid by its China-based operating entities to its wholly-owned subsidiary, which manages operations across multiple locations in Shanghai and extended territories, serving students and families seeking supplemental education and travel-based learning experiences.