 BEIJING, July 23, 2021 GLOBE NEWSWIRE -- 17 Education Technology Group Inc. NASDAQ: YQ 17EdTech or the Company, a leading education technology company in China with an in-school after-school integrated model, today noted that certain English and Chinese language media outlets reported that the PRC regulators are considering a new set of regulations concerning after-school tutoring service related to school subjects taught in Chinas compulsory education system. The regulations have not been published, and the Company has not received official notification of the regulations. It is the Companys policy not to comment on market speculations. 