Gaotu Techedu Inc. Announces Management Change

Rhea-AI Summary

Gaotu Techedu Inc. (NYSE: GOTU), a prominent online after-school tutoring service provider in China, announced the resignation of Vice President Wei Liu, effective immediately. The company's founder and CEO, Larry Chen, expressed gratitude for Liu's contributions to Gaotu. The firm emphasizes its commitment to providing high-quality education using technology and data analytics to enhance the learning experience. Gaotu offers a range of courses including foreign language and K-12 programs, leveraging an online live classroom format to reach students more effectively.

Positive

• Gaotu is a leading provider of online after-school tutoring services in China.
• The company utilizes technology and data analytics to improve educational outcomes.
• Offers a wide range of courses appealing to various student needs.

Negative

• The resignation of a Vice President may signal potential instability in leadership.

BEIJING, Aug. 17, 2021 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a leading online large-class after-school tutoring service provider in China, today announced that Mr. Wei Liu, Vice President, has tendered his resignation for personal reasons. The resignation is effective on the same day.

Mr. Larry Xiangdong Chen, the Company's founder, Chairman and CEO, commented, "On behalf of Gaotu, I would like to express my sincere gratitude to Wei for his dedication and valuable contribution to the Company through these past years. We respect his decision and sincerely wish Wei continued success in the future."

About Gaotu Techedu Inc.

Gaotu is a technology-driven education company and online large-class after-school tutoring service provider in China. The Company offers foreign language, professional and admission courses, and also offers K-12 courses covering all primary and secondary grades through the brand Gaotu K12. Gaotu adopts an online live large-class format to deliver its courses, which the Company believes is the most effective and scalable model to disseminate scarce high-quality teaching resources to aspiring students in China. Big data analytics permeates each aspect of the Company's business and facilitates the application of the latest technology to improve teaching delivery, student learning experience, and operational efficiency.

For further information, please contact:

Gaotu Techedu Inc.
Ms. Sandy Qin, CFA, CMA
E-mail: ir@gaotu.cn  

Christensen

In China
Ms. Vivian Wang
Phone: +852 2232 3978
E-mail: gotu@christensenir.com  

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com  

View original content:https://www.prnewswire.com/news-releases/gaotu-techedu-inc-announces-management-change-301356534.html

SOURCE Gaotu Techedu Inc.

FAQ

Why did Wei Liu resign from Gaotu Techedu Inc.?

Wei Liu resigned for personal reasons, effective August 17, 2021.

What is the impact of management changes at Gaotu Techedu Inc.?

Management changes, like the resignation of a Vice President, can impact company stability and investor confidence.

What services does Gaotu Techedu Inc. provide?

Gaotu offers online large-class after-school tutoring services, including K-12, foreign language, and professional courses.

Is Gaotu Techedu Inc. a publicly traded company?

Yes, Gaotu Techedu Inc. is publicly traded on the NYSE under the stock symbol GOTU.