BEIJING, April 9, 2021 /PRNewswire/ -- GSX Techedu Inc.
(NYSE: GSX) ("GSX" or the "Company"), a leading online K-12
large-class after-school tutoring service provider in China, today firmly denies the false and ungrounded allegations raised
in a report by Grizzly Research dated April
8, 2021. The Company strongly believes that the report
contains numerous errors, unsubstantiated statements, and
misinterpretation of information.
GSX will consider any necessary
and appropriate course of action to protect the interest of the
Company and all of its shareholders, as well as its students,
parents, employees and other stakeholders. The Company endeavors to
provide full and accurate disclosure to investors and to rebut any
false claims that attempt to impair market confidence in GSX's
business, operations and financial statements. GSX is committed to
maintaining the highest standards of corporate governance, as well
as transparent and timely disclosure in compliance with the
applicable rules and regulations of the United States Securities
and Exchange Commission and the New York Stock Exchange.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under 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," "future," "intends," "plans,"
"believes," "estimates" and similar statements. GSX may also make
written or oral forward-looking statements in its reports filed
with, or furnished to, the U.S. Securities and Exchange Commission,
in its annual reports 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 the Company's beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement. Further information
regarding these and other risks is included in the Company's
reports filed with, or furnished to the U.S. Securities and
Exchange Commission. All information provided in this press release
and in the attachments is as of the date of this press release, and
GSX undertakes no duty to update such information or any
forward-looking statement, except as required under applicable
law.
About GSX Techedu Inc.
GSX is a technology-driven education company and leading online
K-12 large-class after-school tutoring service provider in
China. GSX offers K-12 courses
covering all primary and secondary grades through the brand
Gaotuketang as well as foreign language, professional and interest
courses through the brand Genshuixue. GSX adopts an online live
large-class format to deliver its courses, which the Company
believes is the most effective and scalable model to disseminate
scarce high-quality teaching resources to aspiring students in
China. Big data analytics
permeates each aspect of the Company's business and facilitates the
application of the latest technology to improve teaching delivery,
student learning experience, and operational efficiency.
For further information, please contact:
GSX Techedu Inc.
Ms. Sandy Qin, CFA
Investor Relations Director
E-mail: ir@genshuixue.com
Christensen
In China
Ms. Vivian Wang
Phone: +852 2232 3978
E-mail: gsx@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
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SOURCE GSX Techedu Inc.