The Company received aggregate gross proceeds of US$5.0 million from the Offering, before deducting underwriting discounts and other Offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 ADSs to cover over-allotments at the public offering price, less underwriting discounts. Proceeds from the Offering will be used for: (i) investing in full-time human resources to expand the market shares of the Company's sports school and social bus ...