17 education & technology group inc. announces plan to implement ads ratio change

Beijing, dec. 13, 2023 (globe newswire) -- 17 education & technology group inc. (nasdaq: yq) (“17edtech” or the “company”), a leading education technology company in china, today announced that it plans to change the ratio of its american depositary shares (“adss”) to its class a ordinary shares (the “ads ratio”), par value us$0.0001 per share, from the current ads ratio of one (1) ads to ten (10) class a ordinary shares to a new ads ratio of one (1) ads to fifty (50) class a ordinary shares, effective on or about december 18, 2023, u.s. eastern time (the “effective date”).
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