17 Education & Technology Group Inc. Files Its Annual Report on Form 20-F

Rhea-AI Summary

17 Education & Technology Group Inc. (NASDAQ: YQ) announced the filing of its annual report on Form 20-F with the SEC for the fiscal year ended December 31, 2020, on April 9, 2021. This report includes audited financial statements and can be accessed on the company's investor relations website. Additionally, shareholders can request a hard copy of the annual report at no cost. 17EdTech operates an innovative education model, providing personalized online K-12 large-class after-school tutoring and in-school classroom solutions across over 70,000 K-12 schools in China as of 2020.

Positive

• Filed annual report on Form 20-F with SEC, including audited financials.
• Operates in over 70,000 K-12 schools, indicating significant market penetration.
• Offers a unique integrated model combining in-school and after-school tutoring.

Negative

• None.

BEIJING, April 09, 2021 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China with an “in-school + after-school” integrated model, today announced that it filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission (the “SEC”) on April 9, 2021. The annual report can be accessed on the Company’s investor relations website at https://ir.17zuoye.com as well as on the SEC’s website at http://www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to ir@17zuoye.com.

About 17 Education & Technology Group Inc.

17 Education & Technology Group Inc. is a leading education technology company in China with an “in-school + after-school” integrated model. The Company provides a smart in-school classroom solution that delivers data-driven teaching, learning and assessment products to teachers, students and parents, covering over 70,000 K-12 schools in 2020.

Leveraging the Company’s in-school leadership, 17EdTech offers online K-12 large-class after-school tutoring services that complement students’ in-school learning. Powered by its integrated model and technology, 17EdTech’s online K-12 large-class after-school tutoring courses stand out in terms of its unique approach to personalization, realized through a data-driven understanding of individual students’ in-school performance, as well as district-level localized insights.

For investor and media inquiries, please contact:

17 Education & Technology Group Inc.
Mr. Raymond Huang
E-mail: ir@17zuoye.com

Christensen
In China
Mr. Eric Yuan
Phone: +86-138-0111-0739
E-mail: Eyuan@christensenir.com

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

FAQ

When did 17 Education & Technology Group file its annual report?

17 Education & Technology Group filed its annual report on April 9, 2021.

What fiscal year does the annual report cover for 17 Education & Technology Group?

The annual report covers the fiscal year ended December 31, 2020.

How can shareholders access the annual report for 17 Education & Technology Group?

Shareholders can access the annual report on the company's investor relations website or request a hard copy via email.

What services does 17 Education & Technology Group provide?

17 Education & Technology Group provides in-school classroom solutions and online K-12 large-class after-school tutoring services.

How many schools does 17 Education & Technology Group serve?

The company serves over 70,000 K-12 schools in China.