Gaotu techedu provides business updates

Beijing , feb. 16, 2022 /prnewswire/ -- gaotu techedu inc. ("gaotu" or the "company") (nyse: gotu), a technology-driven education company and online large-class tutoring service provider in china, today provided business updates following beijing local government's updated regulatory requirements (the "new regulation") that after-school tutoring services for senior high school students need to strictly follow the "opinions on further alleviating the burden of homework and after-school tutoring for students in compulsory education" published in july 2021 by the general office of the cpc central committee and the general office of the state council of the prc. in compliance with the new regulation, the company will cease offering tutoring services related to academic subjects to students in senior high schools before the end of february 2022 (the "cessation").
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