Certain Class B Ordinary Shares of 17 Education & Technology Group Inc. are subject to a Lock-Up Agreement Ending on 2-JUN-2021. These Class B Ordinary Shares will be under lockup for 181 days starting from 3-DEC-2020 to 2-JUN-2021.

Details:
The executive officers, directors, and all of the holders of equity securities have entered into a lock up agreement pursuant to which, they will not to offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale, lend or otherwise dispose of, except in this offering, any of ordinary shares or ADSs or securities that are substantially similar to ordinary shares or ADSs, including but not limited to any options or warrants to purchase ordinary shares, ADSs or any securities that are convertible into or exchangeable for, or that represent the right to receive, ordinary shares, ADSs or any such substantially similar securities for a period of 180 days after the date of the final prospectus, without the prior written consent of Goldman Sachs (Asia) L.L.C. and Morgan Stanley & Co. LLC, on behalf of the underwriters.