GlobeNewswire Inc | Apr 9, 2021 07:00PM EDT

April 09, 2021

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 Companys investor relations website at https://ir.17zuoye.com as well as on the SECs 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 Companys 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, 17EdTechs 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 HuangE-mail: ir@17zuoye.com

ChristensenIn ChinaMr. Eric YuanPhone: +86-138-0111-0739E-mail: Eyuan@christensenir.com

In USMs. Linda BergkampPhone: +1-480-614-3004E-mail: lbergkamp@christensenir.com