SINGAPORE, Sept. 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 English education, today announced that, at its annual general
meeting of shareholders held on September
30, 2022, shareholders of the Company adopted the following
resolutions as special resolutions proposed by the Company:
THAT the name of the Company be and is
hereby changed from "China Online Education Group" to "51Talk
Online Education Group" effective immediately, and that any one
director or officer of the Company be and is hereby authorized to
take any and every action that might be necessary, appropriate or
desirable to give effect to the foregoing resolution as such
director or officer, in his/her absolute discretion, thinks fit,
including but not limited to, attendance on any filing or
registration procedures for and on behalf of the Company in the
Cayman Islands; and
THAT the Company's Fifth Amended and
Restated Memorandum and Articles of Association (the "Current
M&AA") be amended and restated with immediate effect by the
deletion in their entirety and by the substitution in their place
of the Sixth Amended and Restated Memorandum and Articles of
Association to reflect the change of the name of the Company, and
that any one director or officer of the Company be and is hereby
authorized to take any and every action that might be necessary,
appropriate or desirable to give effect to the foregoing resolution
as such director or officer, in his/her absolute discretion, thinks
fit, including but not limited to, attendance on any filing or
registration procedures for and on behalf of the Company in the
Cayman Islands.
The American Depositary Shares, each representing fifteen Class
A ordinary shares of the Company, par value US$0.0001 per share, of the Company, are expected
to begin trading under the new company name on or about
October 3, 2022. The Company's ticker
remains as "COE."
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements which are made pursuant to the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "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 does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
About China Online Education Group
China Online Education Group (NYSE: COE) is a global online
education platform with core expertise in English education. The
Company's mission is to make quality education accessible and
affordable. The Company's online and mobile education platforms
enable students to take live interactive English lessons on demand.
The Company connects its students with a large pool of highly
qualified teachers that it assembled using a shared economy
approach, and employs student and teacher feedback and data
analytics to deliver a personalized learning experience to its
students.
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SOURCE China Online Education Group