LAIX Inc. Announces Result of Annual General Meeting

Rhea-AI Summary

LAIX Inc. (NYSE: LAIX), an AI company in China focused on English learning, announced that shareholders approved a special resolution at the annual general meeting on December 30, 2020. The resolution involved amending its Memorandum and Articles of Association, transitioning from the Fifth to the Sixth Amended and Restated version, as outlined in the notice dated November 20, 2020. LAIX aims to innovate English learning through AI technologies, mobile apps, and adaptive learning features.

SHANGHAI, Dec. 30, 2020 /PRNewswire/ -- LAIX Inc. (NYSE: LAIX) ("LAIX" or the "Company"), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, today announced that, at its annual general meeting of shareholders held today, shareholders of the Company adopted the following resolution as a special resolution proposed by the Company:

"THAT the Company's Fifth Amended and Restated Memorandum and Articles of Association be amended and restated by the deletion in their entirety and by the substitution in their place of the Sixth Amended and Restated Memorandum and Articles of Association, substantially in the form attached to the Notice of Annual General Meeting dated November 20, 2020 as Exhibit A."

About LAIX Inc.

LAIX Inc. ("LAIX" or the "Company") is an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning. Its proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education pedagogies and the mobile internet. LAIX believes its innovative approach fundamentally transforms learning. LAIX provides its products and services on demand via its mobile apps, primarily its flagship "English Liulishuo" mobile app launched in 2013. On the Company's platform, AI technologies are seamlessly integrated with diverse learning content incorporating well-established language learning pedagogies, gamified features and strong social elements to deliver an engaging, adaptive learning experience. LAIX provides a variety of courses inspired by a broad range of topics and culture themes to make English learning more interesting and is committed to offering a fun, interactive learning environment to motivate and engage its users.

For investor and media inquiries, please contact:

LAIX Inc.
Harry He
Investor Relations
E-mail: ir@laix.com

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SOURCE LAIX Inc.

FAQ

What resolution did LAIX Inc. shareholders approve at the annual general meeting on December 30, 2020?

Shareholders approved the amendment and restatement of the Company's Memorandum and Articles of Association, transitioning from the Fifth to the Sixth Amended version.

What is LAIX Inc.'s primary focus?

LAIX Inc. focuses on providing products and services to popularize English learning using artificial intelligence.

When was the notice for the LAIX annual general meeting issued?

The notice for the annual general meeting was dated November 20, 2020.

What technology does LAIX utilize for English learning?

LAIX utilizes AI, deep learning, and adaptive learning technologies integrated with educational content to enhance English learning experiences.

What is the flagship app of LAIX Inc.?

The flagship app of LAIX Inc. is 'English Liulishuo', launched in 2013.