Together, educational technology announced a share repurchase plan, which will repurchase shares of no more than US $10 million

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On the evening of November 2, 2021 Beijing time, an educational technology (NASDAQ: YQ) disclosure announcement said that with the approval and authorization of the board of directors, the company will start a share repurchase plan to repurchase common shares (including American Depositary Shares) with a total value of no more than US $10 million in the next 12 months.
According to market conditions and applicable rules and regulations, the company will repurchase from time to time in the open market at the current market price, or through negotiated transactions, block transactions and other ways permitted by law. The board of directors of the company will regularly review the share repurchase plan, and the source of funds for repurchase is the company’s own funds.
In addition, the announcement also disclosed that the education and technology plan adjusted the ads ratio from 2 ads for every 5 class a ordinary shares to 1 ads for every 10 class a ordinary shares. The company expects that the adjustment will take effect before and after November 17, 2021.