Certain Ordinary Shares of Youdao, Inc. are subject to a Lock-Up Agreement Ending on 13-MAY-2021.
May 12, 2021
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Certain Ordinary Shares of Youdao, Inc. are subject to a Lock-Up Agreement Ending on 13-MAY-2021. These Ordinary Shares will be under lockup for 91 days starting from 11-FEB-2021 to 13-MAY-2021.
Details:
The company's directors, executive officers, and NetEase have agreed with the underwriters, subject to certain exceptions, not to offer, sell, or dispose of any shares of share capital or securities convertible into or exchangeable or exercisable for any shares of share capital during the 90-day period following the date of this prospectus supplement.
Youdao, Inc. is an intelligent learning company that develops and uses technologies to provide learning content, applications and solutions for users of all ages. The Company operates two business segments. The Learning Services and Products segment offers online courses, including the Youdao Premium Courses, NetEase Cloud Classroom and China University MOOC, as well as learning products such as the Youdao Dictionary and Youdao Cloudnote, sales Youdao Dictionary Pen and Youdao Pocket Translator, and provides learning services to customers. The Online Marketing Services segment is engaged in providing different forms of advertising for marketing.
YOUDAO, INC. 
