17 Education & Technology Group Inc. Announces Plan to Implement ADS Ratio Change

December 13, 2023

https://www.globenewswire.com/news-release/2023/12/12/2795167/0/en/17-Education-Technology-Group-Inc-Announces-Plan-to-Implement-ADS-Ratio-Change.html

BEIJING, Dec. 13, 2023 (GLOBE NEWSWIRE) — 17 Education & Technology Group Inc. (Nasdaq:YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced that it plans to change the ratio of its American Depositary Shares (“ADSs”) to its Class A ordinary shares (the “ADS Ratio”), par value US$0.0001 per share, from the current ADS Ratio of one (1) ADS to ten (10) Class A ordinary shares to a new ADS Ratio of one (1) ADS to fifty (50) Class A ordinary shares, effective on or about December 18, 2023, U.S. Eastern Time (the “Effective Date”).

Read more at globenewswire.com

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