ATA Creativity Global's February 2025 6-K Report: Director Resignation & Succession Planning

Key Information Extracted from the Financial Report (Form 6-K):

1. Filing Details:

• Form Type: 6-K
• Date of Filing: February 18, 2025
• Commission File Number: 001-33910
• Reporting Period: February 2025

2. Company Information:

• Company Name: ATA Creativity Global
• Address: c/o Rm. 507, Bldg. 3, Binhu Zhuoyue Cheng, Wenhua Kechuang Yuan, Huayuan Blvd. 365, Baohe, Hefei, Anhui 230051, China.

3. Director Resignation:

• Resignation Notice: Mr. Zhilei Tong resigned as a director effective February 12, 2025.
• Reason for Resignation: Personal reasons; no disagreements with the Company regarding operations, policies, or practices.
• Acknowledgment: Mr. Xiaofeng Ma, the chairman and CEO, thanked Mr. Tong for his contributions to the Board.

4. Succession Planning:

• The Company is actively seeking a candidate to fill the vacancy left by Mr. Tong’s resignation.

5. Incorporation by Reference:

• This report on Form 6-K is incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-278921), filed with the SEC on April 25, 2024.

Insights:

• The resignation of a board member, especially without a stated disagreement, may indicate a transition phase for the company.
• The company's approach to openly acknowledge the resignation and express gratitude could reflect a positive corporate culture.
• The search for a new board member could signal potential strategic shifts or continuity in governance, depending on the background and expertise of the successor chosen.

This report highlights significant governance changes within ATA Creativity Global and reaffirms its commitment to regulatory compliance through the incorporation of this report into prior filings.