Certain Ordinary Shares of Youdao, Inc. are subject to a Lock-Up Agreement Ending on 24-APR-2021.
April 23, 2021
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Certain Ordinary Shares of Youdao, Inc. are subject to a Lock-Up Agreement Ending on 24-APR-2021. These Ordinary Shares will be under lockup for 548 days starting from 24-OCT-2019 to 24-APR-2021.
Details:
The directors, executive officers, existing shareholders and share-based award holders have agreed, subject to certain exceptions, not to transfer or dispose of, directly or indirectly, any American Depositary Shares or ordinary shares, or any securities convertible into or exchangeable or exercisable for American Depositary Shares or ordinary shares, for a period of 180 days after the date of the prospectus, without the prior written consent of Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC.
Each of NetEase, Feng Zhou, Yinghui Wu, Vice President, Mr. Lei Jin, Vice President, Renlei Liu, Vice President, as well as five other employees of our company have agreed with the underwriters to provide a lock-up term of 18 months following the date of the prospectus.
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. 
