Youdao, Inc. to Hold Annual General Meeting on May 16, 2023

Rhea-AI Summary

Youdao, Inc. (NYSE: DAO), an intelligent learning company based in China, has announced its 2022 Annual General Meeting (AGM) scheduled for May 16, 2023, from 3:00 to 5:00 p.m. Beijing Time. The AGM will take place at the company's offices in Zhongguancun Software Park. Notably, no proposals will be submitted for shareholder approval during this meeting; instead, it will serve as a platform for shareholders and ADS owners to discuss company affairs with management. Youdao is recognized for its technology-driven learning solutions, leveraging products like Youdao Dictionary and innovative educational devices. Founded in 2006 and part of NetEase, Inc. (NASDAQ: NTES), the company continues to evolve its offerings across various educational sectors.

Positive

• Annual general meeting will provide a platform for direct shareholder engagement.
• Company's focus on technology-driven education offerings indicates a commitment to innovation.

Negative

• No shareholder proposals at the AGM could indicate a lack of strategic initiatives or governance changes.

News Market Reaction

-7.28%

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-7.28% News Effect

On the day this news was published, DAO declined 7.28%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BEIJING, April 24, 2023 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), a leading technology-focused intelligent learning company in China, today announced that it will hold its annual general meeting of shareholders (the "2022 AGM") at its offices at Building No.7, West Zone, Zhongguancun Software Park (Phase II), No.10 Xibeiwang East Road, Haidian District, Beijing, People's Republic of China on May 16, 2023 at 3:00 p.m. – 5:00 p.m. (Beijing Time). No proposal will be submitted for shareholder approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and beneficial owners of the Company's American Depositary Shares ("ADSs") to discuss Company affairs with management. For additional details of the 2022 AGM, please refer to the Company's report on Form 6-K dated November 3, 2022.

About Youdao, Inc.

Youdao, Inc. (NYSE: DAO) is a leading technology-focused intelligent learning company in China dedicated to developing and using technologies to provide learning content, applications and solutions to users of all ages. Building on the popularity of its online knowledge tools such as Youdao Dictionary and Youdao Translation, Youdao now offers smart devices, STEAM courses, adult and vocational courses, and education digitalization solutions. In addition, Youdao has developed a variety of interactive learning apps. Youdao was founded in 2006 as part of NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), a leading internet technology company in China.

For more information, please visit: http://ir.youdao.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding such risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Jeffrey Wang
Youdao, Inc.
Tel: +86-10-8255-8163 ext. 89980
E-mail: IR@rd.netease.com

Piacente Financial Communications
Helen Wu
Tel: +86-10-6508-0677
E-mail: youdao@thepiacentegroup.com

In the United States:

Piacente Financial Communications 
Brandi Piacente
Tel: +1-212-481-2050
E-mail: youdao@thepiacentegroup.com

 

View original content:https://www.prnewswire.com/news-releases/youdao-inc-to-hold-annual-general-meeting-on-may-16-2023-301806470.html

SOURCE Youdao, Inc.

FAQ

What is the date and time of Youdao's 2022 Annual General Meeting?

Youdao's 2022 Annual General Meeting is scheduled for May 16, 2023, from 3:00 to 5:00 p.m. Beijing Time.

Where will Youdao's 2022 AGM be held?

The AGM will be held at Youdao's offices in Zhongguancun Software Park, Beijing, China.

Will there be any proposals for shareholder approval at Youdao's AGM?

No proposals will be submitted for shareholder approval at Youdao's AGM.

Who can attend Youdao's Annual General Meeting?

Shareholders and beneficial owners of Youdao's American Depositary Shares are welcome to attend.

What is Youdao's focus as a company?

Youdao focuses on developing technology-driven learning solutions and innovative educational applications.