China online education group enters into definitive agreement to spin off china mainland business

Beijing , june 24, 2022 /prnewswire/ -- china online education group ("51talk" or the "company") (nyse: coe), a global online education platform with core expertise in english education, today announced that it has entered into a definitive share purchase agreement, dated june 24, 2022 (the "share purchase agreement"), with dasheng holding (hk) limited ("dasheng"), an entity controlled by mr. jiajia jack huang, chairman of the board of directors (the "board") and chief executive officer of the company, pursuant to which mr.
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