GSX Techedu Inc. to Change its NYSE Ticker Symbol
GSX Techedu Inc. (NYSE: GSX), a leading online K-12 tutoring service provider in China, will change its ticker symbol from GSX to GOTU. Trading under the new symbol will commence on May 6, 2021. The company focuses on delivering large-class after-school tutoring, utilizing advanced technology and data analytics to enhance educational effectiveness. This change aims to strengthen the company's market positioning and brand recognition.
- Change of ticker symbol to GOTU could enhance brand visibility.
- Continues to be a leader in the online K-12 education sector in China.
- Potential investor confusion during the ticker transition period.
BEIJING, April 26, 2021 /PRNewswire/ -- GSX Techedu Inc. (the "Company") (NYSE: GSX), a leading online K-12 large-class after-school tutoring service provider in China, today announced that it will change its ticker symbol on the New York Stock Exchange from "GSX" to "GOTU." Trading under the new ticker symbol will begin on May 6, 2021.
About GSX Techedu Inc.
GSX Techedu is a technology-driven education company and leading online K-12 large-class after-school tutoring service provider in China. The Company offers K-12 courses covering all primary and secondary grades through the brand Gaotu K12 as well as foreign language, professional and interest courses through the brand Gaotu College. The Company 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:
GSX Techedu Inc.
Ms. Sandy Qin, CFA
Investor Relations Director
E-mail: ir@genshuixue.com
Christensen
In China
Ms. Vivian Wang
Phone: +852 2232 3978
E-mail: gsx@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
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SOURCE GSX Techedu Inc.
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