 HANGZHOU, China, Aug. 19, 2021 PRNewswire -- Youdao, Inc. Youdao or the Company NYSE: DAO, a leading intelligent learning company in China, noted that the Beijing Municipality Government and the Beijing Municipal Committee of the Communist Party of China jointly issued the Beijing Municipalitys Measures to Further Reduce the Burden of Homework and After-School Tutoring on Students in Compulsory Education in Beijing the Beijing AST Measures to implement the requirements set forth in the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education, published in July by the PRC central government the Central Government Opinions. Pursuant to the Beijing AST Measures: No new provider of after-school tutoring services on academic subjects in Chinas compulsory education system Academic AST will be approved, while existing Academic AST providers shall be subject to review and re-registration aimed at reducing their numbers by phases. 