Sunlands Technology Group to Hold Annual General Meeting on December 2, 2022

Rhea-AI Summary

Sunlands Technology Group (NYSE: STG) announced its annual general meeting (AGM) to be held on December 2, 2022, at its Beijing office. The AGM will not involve any voting or resolutions but will provide a platform for shareholders and ADS holders to discuss company affairs with management. The record date for attending the AGM is November 2, 2022. Shareholders can access the 2021 annual report via the company's website. Sunlands specializes in online post-secondary and professional education, offering diverse courses through a live streaming platform.

Positive

• Sunlands is a leader in China's online education sector, providing a platform for various educational courses.
• The AGM creates an opportunity for shareholders to engage with the company's management.

Negative

• No proposals or resolutions will be presented at the AGM, potentially limiting shareholder engagement.
• The announcement lacks specific financial performance updates or strategic developments.

BEIJING, Oct. 17, 2022 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that it will hold its annual general meeting of shareholders (the "AGM") at 7th Floor Building 6, Chaolai Science Park, No. 36 Chuangyuan Road, Chaoyang District, Beijing, the People's Republic of China on December 2, 2022 at 3:00 pm (Beijing time). No proposal will be submitted to shareholders for approval and no resolutions will be considered, voted upon, passed or adopted at the AGM. Instead, the AGM will serve as an open forum for shareholders and holders of the Company's American depositary shares ("ADSs") to discuss Company affairs with management.

The Board of Directors of the Company has fixed the close of business on November 2, 2022 (Eastern Daylight Time) as the record date (the "Record Date") for determining the shareholders entitled to receive notice of, and to attend, the AGM or any adjournment or postponement thereof.

Holders of record of the Company's Class A, Class B or Class C ordinary shares, par value US$0.00005 per share, at the close of business on the Record Date are entitled to attend the AGM and any adjournment or postponement thereof in person. Holders of the Company's ADSs are welcome to attend the AGM in person.

Shareholders and ADS holders may obtain a copy of the Company's 2021 annual report on Form 20-F, free of charge, from the Company's website at http://www.sunlands.com/investorroom or by sending an email to sl-ir@sunlands.com.

About Sunlands

Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), formerly known as Sunlands Online Education Group, is the leader in China's online post-secondary and professional education. With a one to many, live streaming platform, Sunlands offers various degree and diploma-oriented post-secondary courses as well as online professional courses and educational content, to help students prepare for professional certification exams and attain professional skills. Students can access its services either through PC or mobile applications. The Company's online platform cultivates a personalized, interactive learning environment by featuring a virtual learning community and a vast library of educational content offerings that adapt to the learning habits of its students. Sunlands offers a unique approach to education research and development that organizes subject content into Learning Outcome Trees, the Company's proprietary knowledge management system. Sunlands has a deep understanding of the educational needs of its prospective students and offers solutions that help them achieve their goals.

For more information, please visit http://www.sunlands.com/investorroom.

For investor and media enquiries, please contact:

Sunlands Technology Group
Investor Relations
Email: sl-ir@sunlands.com

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: sunlands@tpg-ir.com

Yang Song
Tel: +86-10-6508-0677
Email: sunlands@tpg-ir.com

View original content:https://www.prnewswire.com/news-releases/sunlands-technology-group-to-hold-annual-general-meeting-on-december-2-2022-301650611.html

SOURCE Sunlands Technology Group

FAQ

What is the date of Sunlands Technology Group's AGM in 2022?

The AGM is scheduled for December 2, 2022.

Where will the AGM for Sunlands Technology Group be held?

The AGM will be held at the company's Beijing office.

What are shareholders entitled to do at the Sunlands AGM?

Shareholders can participate in discussions with management but no proposals will be voted on.

When is the record date to attend the Sunlands AGM?

The record date is November 2, 2022.

How can shareholders access the annual report for Sunlands Technology Group?

Shareholders can access the 2021 annual report for free on the company's website.