17 Education & Technology Group to Repurchase Up to $10M in Shares

BEIJING, Sept. 03, 2026 /CourierPR/ -- 17 Education & Technology Group Inc., a leading AI-powered application service provider focused on personalized learning solutions, has announced a share repurchase program authorized by its board of directors. The company is set to spend up to $10 million to repurchase its ordinary shares, including American depositary shares, over a 12-month period beginning September 3, 2026.

The repurchase program allows 17EdTech to buy back shares through various methods, including open market transactions, privately negotiated deals, and block trades, depending on market conditions and compliance with applicable regulations. The board of directors will periodically review and adjust the terms and size of the program as necessary.

According to 17EdTech, the funds for the repurchase will come from its existing cash reserves. The company, which has been developing AI-driven applications for personalized learning, aims to enhance shareholder value through this strategic initiative.

Founded in China, 17 Education & Technology Group Inc. leverages extensive educational insights and advanced AI capabilities to offer innovative learning solutions. The company believes that by improving learning efficiency and empowering educators, it can contribute to the broader education ecosystem.

Forward-looking statements in the press release include the company’s intentions and expectations regarding the share repurchase program and its impact on shareholder value. These statements are subject to various risks and uncertainties, including market conditions, user engagement, and regulatory compliance.