China Online Education Group announces updated guidance

BEIJING, July 20, 2021 / PRNewswire / – China Online Education Group (“51Talk” or the “Company”) (NYSE: COE), a leading online education platform in China with core expertise in teaching ‘English, today announced that the Company waits its net sales for the second quarter of 2021 are between 575 million RMB and 580 million RMB, with respect to the orientation between 597 million RMB and 603 million RMB provided on May 17, 2021.

As of the date of this announcement, the Company is still in the process of finalizing its financial results for the second quarter of 2021. Detailed information on the performance of the Company will be disclosed in the Company’s second quarter 2021 results announcement.

About China Online Education Group

China Online Education Group (NYSE: COE) is a leading online education platform in China, with basic expertise in teaching English. The Society’s mission is to make quality education accessible and affordable. The Company’s online and mobile education platforms allow students to China to take interactive live English lessons with foreign teachers abroad, on demand. The company connects its students with a large pool of highly qualified foreign teachers that it has assembled using a shared economy approach, and uses student and teacher feedback and data analysis to deliver an experience. personalized learning for its students.

For more information, please visit https://ir.51talk.com.

Safe Harbor Declaration

This press release contains statements that may constitute “forward-looking” statements in accordance with the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “will” , “” Expects “,” anticipates “,” aims “,” future “,” intends “,” foresees “,” believes “,” believes “,” is likely to “and similar statements . Among other things, 51Talk’s business outlook and management’s quotes in this announcement, as well as 51Talk’s strategic and operational plans, contain forward-looking statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the beliefs and expectations of 51Talk, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: the objectives and strategies of 51Talk; 51Talk’s expectations regarding demand and market acceptance of its brand and platform; 51Talk’s ability to retain and increase the number of enrolled students; 51Talk’s ability to offer new courses; 51Talk’s ability to hire, train and retain new teachers; 51Talk’s future business development, results of operations and financial condition; 51Talk’s ability to maintain and improve the infrastructure necessary for the operation of its educational platform; competition in the online education sector in China; the expected growth and market trends for 51Talk’s course offerings in China; relevant government policies and regulations relating to the corporate structure, operations and industry of 51Talk; the general economic and commercial situation in China, The Philippines and elsewhere and the assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the documents filed by 51Talk with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk assumes no obligation to update any forward-looking statement, except as required by applicable law.

For investor and media inquiries, please contact:

China Online Education Group
Investor Relations
+86 (10) 8342-6262
[email protected]

The Piacente Group, Inc.
Brandi Piacente
+86 (10) 5730-6200
+ 1-212-481-2050
[email protected]

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SOURCE Online Education Group in China


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