17 education & technology group inc. provides business updates

Beijing, dec. 06, 2021 (globe newswire) -- 17 education & technology group inc. (nasdaq: yq) (“17edtech” or the “company”), a leading education technology company in china today provided business updates following the recent regulatory developments relating to after-school tutoring services, including the opinions on further alleviating the burden of homework and after-school tutoring on 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 (the "opinion"), also known as the double reduction policy (the “double reduction policy”), and the related implementation rules, regulations and measures promulgated by competent authorities.
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