17 Education & Technology Group Inc.

This annual report on Form 20-F contains forward-looking statements that reflect our current expectations and views of future events. The forward looking statements are contained principally in the sections entitled “Item 3. Key Information—D. Risk Factors,” “Item 4. Information on the Company—B. Business Overview,” and “Item 5. Operating and Financial Review and Prospects.” Known and unknown risks, uncertainties and other factors, including those listed under “Item 3. Key Information—D. Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements.

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relevant government policies and regulations relating to our industry and our ability to adapt our operations and business practices to the evolving regulatory environment of mainland China;

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our mission, goals and strategies;

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the expected growth of the industries we operate in;

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the success of operating initiatives, including new product and content development by us and our competitors;

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our expectations regarding maintaining and strengthening our relationships with students, teachers, parents, schools, business partners and other stakeholders;

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competition in the industries we operate in;

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general economic and business conditions globally and in mainland China; and

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