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China bars for-profit tutoring in core school subjects -document

China bars for-profit tutoring in core school subjects -document
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China Online Education Group Announces Guidance Update

July 20, 2021 BEIJING, July 21, 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 today that the Company expects its net revenues for the second quarter of 2021 to be between RMB575 million and RMB580 million, compared with the guidance of between RMB597 million and RMB603 million 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.

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