Online education

Sunlands Technology Group Announces Board and Management Changes

BEIJING, May 16, 2023 (Globe Newswire) — Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in online higher and professional education in China, today announced that Serena Lu LV has resigned from her position as director and chief financial officer of the company. I have announced that I have applied. Due to personal reasons, she was appointed Chief Strategy Officer effective May 16, 2023.

Selena Lu Lv is a key member of our management team and has made significant contributions during her tenure. We are grateful to Selena for her dedication and her hard work during her time at Sunlands.

The company is committed to ensuring a smooth transition of leadership and has already begun searching for a suitable replacement. During this time, the company will have a robust finance team reporting to Chief Executive Officer Tongbo Liu on an interim basis.

About Sunlands

Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), formerly known as Sunlands Online Education Group, is a leader in online higher and professional education in China. Equipped with a one-to-many live streaming platform, Sunlands offers a variety of degree- and diploma-oriented higher education courses, as well as online professional courses and education, to help students prepare for professional certification exams and master professional skills. We provide content. Students can access the service through their PC or mobile application. The company’s online platform fosters personalized, interactive learning environments featuring virtual learning communities and a vast library of educational content that adapts to students’ learning habits. Sunlands offers a unique approach to educational research and development that organizes subject matter content into its proprietary knowledge management system, Learning Outcome Trees. Sunlands understands the educational needs of prospective students and provides solutions that help students achieve their goals.

Safe Harbor Statement

This press release contains forward-looking statements that are made pursuant to Section 21E of the Securities Exchange Act of 1934, as amended, and the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified in the following ways: “intend”, “expect”, “anticipate”, “future”, “intend”, “plan”, “believe”, “estimate”, “believe” and similar statements, etc. term. Sunlands also makes no written or oral forward-looking statements in its reports, annual shareholder reports, press releases and other written materials filed with or provided to the Securities and Exchange Commission, and oral statements by its officers and directors. may be performed. or provide employees to third parties. All statements that are not historical facts, including statements regarding Sunlands’ beliefs and expectations, are forward-looking statements and are subject to factors, risks and risks that could cause actual results to differ materially from the forward-looking statements. with uncertainty. Such factors and risks include, but are not limited to: Sunlands goals and strategies. Expectations regarding demand and market acceptance for their brands and services. Ability to maintain and increase student enrollment. Ability to offer new courses and educational content. The quality of teaching and the ability to improve student learning outcomes. Ability to improve sales and marketing efficiency and effectiveness. Ability to recruit, train and retain new faculty. future business development, operating results and financial conditions; Ability to maintain and improve the technology infrastructure required to run the business. Competition in China’s online education industry. Relevant government policies and regulations relating to Sunlands’ corporate structure, business and industry. General Economic and Business Conditions in China Further information regarding these and other risks, uncertainties or factors is contained in Sunlands’ filings with the United States Securities and Exchange Commission. All information provided in this press release is current as of the date of this press release, and Sunlands undertakes no obligation to update such information, except as required by applicable law.

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