SINGAPORE, September 30, 2022 /PRNewswire/ — China Online Education Group (“51Talk”, the “Company” or “51Talk Online Education Group”) (NYSE: COE), a global online education platform with core expertise in teaching English, announced today that, at its annual general meeting of shareholders held on September 30, 2022the shareholders of the Company have adopted the following resolutions as special resolutions proposed by the Company:
THIS the name of the Company be and is hereby changed from “China Online Education Group” to “51Talk Online Education Group” with immediate effect, and that any director or officer of the Company be and is hereby authorized to take any action which may be necessary, appropriate or desirable to give effect to the foregoing resolution as such director or officer, in his sole discretion, deems appropriate, including, but not limited to, participation in any filing or registration for and in the name of the Company in the Cayman Islands; and
THIS the Fifth Memorandum and Amended and Restated Articles of the Company (the “Current M&AA”) be amended and restated with immediate effect by deleting in their entirety and substituting in their stead the Sixth Memorandum and Amended Articles and updated to reflect the change of name of the Company, and that any director or officer of the Company be and is hereby authorized to take all actions which may be necessary, appropriate or desirable to give effect to the resolution which precedes as such director or officer, in his sole discretion, deems appropriate, including, but not limited to, participation in any filing or registration proceedings for and on behalf of the Company in the Cayman Islands.
The American Depositary Shares, each representing fifteen ordinary Class A shares of the Company, par value $0.0001 per share, of the Company, are expected to begin trading under the new company name on or about October 3, 2022. The ticker for the company remains “COE”.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements that are made pursuant to 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 ” ,” “expects”, “anticipates”, “aims”, “future”, “intends”, “plans”, “believes”, “estimates”, “is likely to”, and similar 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 51Talk’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in 51Talk’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk undertakes no obligation to update any forward-looking statements except as required by applicable law.
About China Online Education Group
China Online Education Group (NYSE: COE) is a global online education platform with core expertise in teaching English. The company’s mission is to make quality education accessible and affordable. The Company’s online and mobile teaching platforms allow students to take live, interactive English lessons on demand. The company connects its students with a large pool of highly qualified teachers it has assembled using a shared economy approach, and uses student and teacher feedback and data analytics to provide a personalized learning experience for its students.
SOURCE China Online Education Group