February 22, 2024

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17 Education & Technology Group Inc. Responds to Media Reports

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BEIJING, July 23, 2021 (World NEWSWIRE) — 17 Instruction & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a primary education and learning technological innovation organization in China with an “in-school + just after-school” built-in product, currently observed that certain English and Chinese language media outlets documented that the PRC regulators are contemplating a new set of rules relating to immediately after-university tutoring assistance relevant to school subjects taught in China’s obligatory instruction process. The restrictions have not been released, and the Organization has not received official notification of the restrictions. It is the Firm’s policy not to remark on sector speculations.

About 17 Education and learning & Technological know-how Team Inc.

17 Instruction & Technological innovation Group Inc. is a major training know-how corporation in China with an “in-faculty + following-school” built-in design. The Corporation supplies a smart in-college classroom resolution that provides details-driven educating, finding out and assessment solutions to instructors, pupils and parents, masking over 70,000 K-12 colleges in 2020.

Leveraging the Company’s in-school leadership, 17EdTech offers on the web K-12 massive-course after-faculty tutoring companies that complement students’ in-faculty studying. Driven by its integrated product and technological innovation, 17EdTech’s on-line K-12 big-course immediately after-school tutoring courses stand out in terms of its exclusive approach to personalization, recognized by means of a info-pushed being familiar with of specific students’ in-school effectiveness, as nicely as district-level localized insights.

Protected Harbor Statement

This announcement is made up of ahead-looking statements. These statements are made beneath the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. These forward-searching statements can be recognized by terminology this sort of as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and comparable statements. Statements that are not historic points, together with statements about 17EdTech’s beliefs and anticipations, are forward-on the lookout statements. 17EdTech might also make prepared or oral ahead-hunting statements in its periodic studies to the SEC, in its annual report to shareholders, in press releases and other composed supplies and in oral statements built by its officers, administrators or workers to third functions. Ahead-hunting statements involve inherent threats and uncertainties. A range of things could induce true outcomes to differ materially from those contained in any forward-hunting assertion, together with but not restricted to the subsequent: 17EdTech’s expansion methods its potential company improvement, financial affliction and effects of functions its capability to carry on to appeal to and retain customers, change non-paying out customers into paying out people and improve the expending of shelling out customers, the tendencies in, sizing of, and relevant federal government guidelines and rules relating to China’s on line education market place its expectations concerning demand from customers for, and market acceptance of, its products and solutions and companies its expectations concerning its interactions with business enterprise associates general economic and business enterprise ailments and assumptions underlying or connected to any of the foregoing. More details about these and other risks is incorporated in 17EdTech’s filings with the SEC. All facts provided in this push release is as of the day of this push release, and 17EdTech does not undertake any obligation to update any forward-seeking statement, apart from as essential underneath applicable law.

For investor and media inquiries, make sure you speak to:

17 Training & Technological know-how Group Inc.
Mr. Raymond Huang
E-mail: [email protected]

In China
Mr. Eric Yuan
Cellular phone: +86-138-0111-0739
E-mail: [email protected]

Ms. Linda Bergkamp
Cellphone: +1-480-614-3004
E-mail: [email protected]

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