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Stock impact report

China Online Education Group Provides Update on New Regulations

51Talk Online Education Group American depositary shares, each representing 60 Class A ordinary shares (COE) 
Last 51talk online education group american depositary shares, each representing 60 class a ordinary shares earnings: 5/22 05:00 am Check Earnings Report
US:NYSE Investor Relations: 51talk.investorroom.com
Company Research Source: PR Newswire
BEIJING, July 26, 2021 /PRNewswire/ -- China Online Education Group ("51Talk," or the "Company") (NYSE: COE), a leading online education platform in China with core expertise in English education, announced that, on July 24, 2021, China's official state media, including Xinhua News Agency and China Central Television, announced the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education (the "Opinion"), issued by the General Office of the CPC Central Committee and the General Office of the State Council. The Opinion contains high-level policy directives about requirements and restrictions related to online and offline after-school tutoring services, including, among others, (i) institutions providing after-school tutoring services on academic subjects in China's compulsory education system, or Academic AST Institutions, need to be registered as non-profit; (ii) changing the current registration-based regime for operatin Show less Read more
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