China Online Education Group to present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on November 14, 2018

Company invites individual and institutional investors, as well as advisors, to attend interactive, real-time virtual event

NEW YORK, Nov. 9, 2018 /PRNewswire/ -- China Online Education Group (COE) based in Beijing, and focused on online education, today announced that China Online Education Group, Co-CFO Min Xu will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on 2018.  This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.

DATE:

November 14, 2018

TIME:

10:00 a.m. EST

LINK:

https://tinyurl.com/111415dbVICprepr

This will be a live, interactive online event where investors are invited to ask international companies their questions in real-time and to download a company's information in their "virtual trade booth" in the Exhibits section. If attendees are not able to join the event live on the day of the conference, an on-demand archive will be available for 90 days.

Participation is free of charge.

It is recommended that investors pre-register to save time and receive event updates.

Second Quarter 2018 Financial and Operational Highlights

  • Net revenues were RMB281.7 million (US$42.6 million), a 46.9% increase from RMB191.8 million for the second quarter of 2017.
  • Gross billings were RMB420.0 million (US$63.5 million), an 18.3% increase from RMB355.1 million for the second quarter of 2017.
  • Gross margin was 65.7%, compared with 62.9% for the second quarter of 2017.
  • Percentage of gross billings contributed by K-12 students was 83.5%, compared with 71.9% for the second quarter of 2017.

About China Online Education Group

51Talk, or China Online Education Group (NYSE: COE), is a leading online education platform in China, with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students across China to take live one-on-one interactive English lessons with overseas foreign teachers, on demand. The Company connects its students with a large pool of highly qualified foreign teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.

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SOURCE China Online Education Group

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