Gaotu techedu inc. responds to media reports

Beijing, july 23, 2021 /prnewswire/ -- gaotu techedu inc. ("gaotu" or the "company") (nyse: gotu), a leading online large-class after-school tutoring service provider in china, today noted that certain english and chinese language media outlets reported that the prc regulators are considering a new set of regulations concerning after-school tutoring service related to school subjects taught in china's compulsory education system. the regulations have not been published, and the company has not received official notification of the regulations.
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