Sunlands Technology Group to Hold Annual General Meeting on December 10, 2024

Rhea-AI Summary

Sunlands Technology Group (NYSE: STG), a leader in China's adult online education and personal interest learning markets, has announced its annual general meeting (AGM) for December 10, 2024. The AGM will be held both in-person in Beijing and virtually via telephone. No proposals or resolutions will be submitted for shareholder approval; instead, the AGM will serve as an open forum for shareholders and ADS holders to discuss company affairs with management.

The record date for determining shareholder eligibility to attend is set for November 8, 2024. Holders of the company's Class A, B, or C ordinary shares and ADS holders are welcome to attend. Shareholders can obtain the company's 2023 annual report on Form 20-F from Sunlands' website or by email request.

Sunlands offers online professional courses and educational content through a one-to-many live streaming platform, focusing on professional certification exam preparation, skill enhancement, and personal interest learning. The company utilizes a proprietary knowledge management system called Learning Outcome Trees for content organization.

Positive

• Leader in China's adult online education and personal interest learning markets
• Offers a diverse range of online courses for professional certification and personal interest
• Utilizes proprietary Learning Outcome Trees knowledge management system

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• None.

BEIJING, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's adult online education market and China's adult personal interest learning market, 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 10, 2024 at 3:00 pm (Beijing time), and also virtually via telephone at + (10) 5808 - 4288. 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 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 8, 2024 (Eastern 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 ADSs are welcome to attend the AGM in person.

Shareholders and ADS holders may obtain a copy of the Company's 2023 annual report on Form 20-F, free of charge, from the Company’s website at https://ir.sunlands.com 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 a leader in China's adult online education market and China's adult personal interest learning market. With a one to many, live streaming platform, Sunlands offers online professional courses and educational content, including various interest courses, aimed at preparing students for professional certification exams, enhancing their professional skills, and catering to their personal interests, as well as various degree- or diploma-oriented post-secondary courses. 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 https://ir.sunlands.com.

For investor and media enquiries, please contact:

Sunlands Technology Group

Investor Relations

Email: sl-ir@sunlands.com

SOURCE: Sunlands Technology Group

FAQ

When is Sunlands Technology Group (STG) holding its annual general meeting in 2024?

Sunlands Technology Group (STG) will hold its annual general meeting on December 10, 2024, at 3:00 pm Beijing time.

Will shareholders vote on any proposals at Sunlands Technology Group's (STG) 2024 AGM?

No, there will be no proposals submitted for shareholder approval at Sunlands Technology Group's (STG) 2024 AGM. The meeting will serve as an open forum for discussion with management.

What is the record date for Sunlands Technology Group's (STG) 2024 annual general meeting?

The record date for Sunlands Technology Group's (STG) 2024 annual general meeting is November 8, 2024 (Eastern Time).

How can shareholders access Sunlands Technology Group's (STG) 2023 annual report?

Shareholders can obtain Sunlands Technology Group's (STG) 2023 annual report on Form 20-F from the company's website at https://ir.sunlands.com or by emailing sl-ir@sunlands.com.