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17EdTech files S-8 amendment, updates exhibits, keeps options alive

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
S-8 POS

Rhea-AI Filing Summary

17 Education & Technology Group Inc. (YQ) filed Post-Effective Amendment No. 2 to its Form S-8 originally registered in 2021. The sole purpose is to update the exhibit index and incorporate the company’s recently restated equity incentive schemes—Sixth Amended & Restated 2015 Share Option Plan, Third Amended & Restated 2018 Share Option Plan, and Second Amended & Restated 2020 Share Incentive Plan.

The board on 23 Apr 2025 extended the term of each plan and all outstanding option grants to 31 Dec 2035. No other substantive amendments were made, and no additional securities are being registered; share counts, pricing and dilution parameters therefore remain unchanged. The filing also refreshes legal opinions and auditor consents, but the capital structure and financial statements are unaffected.

Overall, the amendment is routine housekeeping to keep employee equity incentives in force for an additional decade while maintaining regulatory compliance with the SEC.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine S-8 amendment extends plan life to 2035; neutral impact.

The update simply swaps out legacy exhibits for restated equity plans and pushes their expiration to 31 Dec 2035. No extra shares, pricing changes or accounting effects arise, so dilution risk and EPS remain intact. It demonstrates good corporate hygiene and preserves employee retention tools but does not materially alter investor economics.

TL;DR: Administrative filing—keeps options valid, no financial impact.

Because no incremental shares are registered, cash flow, balance-sheet leverage, and share-count forecasts stay the same. The long option horizon may modestly align staff incentives with long-term value, yet any future dilution depends on already-approved share pools. Thus, from a valuation or earnings-model perspective, today’s filing is immaterial.

As filed with the Securities and Exchange Commission on June 20, 2025

Registration No. 333-255632

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

POST-EFFECTIVE AMENDMENT NO. 2

TO

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

17 Education & Technology Group Inc.

(Exact name of registrant as specified in its charter)

Cayman Islands

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. Employer
Identification Number)

 

16/F, Block B, Wangjing Greenland Center

Chaoyang District, Beijing 100102

People’s Republic of China

(Address of Principal Executive Offices and Zip Code)

 

 

Sixth Amended and Restated 2015 Share Option Plan

Third Amended and Restated 2018 Share Option Plan

Second Amended and Restated 2020 Share Incentive Plan

(Full title of the plan)

 

 

Cogency Global Inc.

122 East 42nd Street, 18th Floor

New York, NY 10168

+1 800 221-0102

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Securities Exchange Act of 1934 (the “Exchange Act”).

Large accelerated filer ¨

Accelerated filer ¨

Non-accelerated filer x

Smaller reporting company ¨

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act of 1933, as amended (the “Securities Act”). x

Copies to:

Sishi Zhou

Acting Chief Financial Officer

17 Education & Technology Group Inc.

16/F, Block B, Wangjing Greenland Center

Chaoyang District, Beijing 100102

People’s Republic of China

+86 (10) 6479 6786

Will H. Cai, Esq.

Cooley LLP

c/o 35th Floor Two Exchange Square

8 Connaught Place

Central, Hong Kong

+852 3758 1200

Yilin Xu, Esq.

Cooley LLP

51/F, China World Tower A

No. 1, Jian Guo Men Wai Avenue

Beijing 100004, China

+86 (10) 8540 0695

 

 


 

 

EXPLANATORY NOTE

This Post-Effective Amendment No. 2 (the “Amendment”) to Registration Statement on Form S-8 of 17 Education & Technology Group Inc. (the “Company”), as originally filed on April 30, 2021 and amended on March 10, 2022 (as amended, the “Registration Statement”), is being filed to amend the exhibit index set forth in the Registration Statement to reflect the amendments and restatements of several share option and incentive plans the Company previously adopted.

Effective on April 23, 2025, the board of directors of the Company approved amendments to extend the expiration dates of the outstanding options grants and the overall term of each of the following plans to December 31, 2035, with no other substantive amendments made:

The Fifth Amended and Restated 2015 Share Option Plan, restated as the Six Amended and Restated 2015 Share Option Plan;
The Second Amended and Restated 2018 Share Option Plan, restated as the Third Amended and Restated 2018 Share Option Plan; and
The Amended and Restated 2020 Share Incentive Plan, restated as the Second Amended and Restated 2020 Share Incentive Plan.

The Sixth Amended and Restated 2015 Share Option Plan, the Third Amended and Restated 2018 Share Option Plan and the Second Amended and Restated 2020 Share Incentive Plan are incorporated by reference herein as Exhibits 10.1, 10.2 and 10.3 and replace previous Exhibits 10.1, 10.2 and 10.3 of the Registration Statement. No additional securities are being registered. No changes have been made to the Registration Statement other than this explanatory note and exhibit index of the Registration Statement.

 

 

 


 

EXHIBIT INDEX

Exhibit Number

Description

4.1

Seventh Amended and Restated Memorandum and Articles of Association of the Registrant (incorporated herein by reference to Exhibit 3.2 to the registration statement on Form F-1 (File No. 333-250079), as amended, initially filed with the Securities and Exchange Commission on November 13, 2020)

4.2

Registrant’s Specimen Certificate for Class A Ordinary Shares (incorporated herein by reference to Exhibit 4.2 to the to the registration statement on Form F-1 (File No. 333-250079) as amended initially filed with the Securities and Exchange Commission on November 13, 2020)

4.3

Deposit Agreement among the Registrant, the Bank of New York Mellon as the depositary and owners and holders of the American Depositary Shares dated December 3, 2020 (incorporated herein by reference to Exhibit 4.3 to the Form S-8 filed on April 30, 2021 (File No. 333-255632))

5.1

Opinion of Maples and Calder (Hong Kong) LLP, Cayman Islands counsel to the Registrant, regarding the legality of the Class A Ordinary Shares being registered

10.1

Sixth Amended and Restated 2015 Share Option Plan (incorporated herein by reference to Exhibit 99.1 to the Form 6-K filed on April 25, 2025 (File No. 001-39742))

10.2

Third Amended and Restated 2018 Share Option Plan (incorporated herein by reference to Exhibit 99.2 to the Form 6-K filed on April 25, 2025 (File No. 001-39742))

10.3

Second Amended and Restated 2020 Share Incentive Plan (incorporated herein by reference to Exhibit 99.3 to the Form 6-K filed on April 25, 2025 (File No. 001-39742))

23.1

Consent of Deloitte Touche Tohmatsu Certified Public Accountants LLP, an independent registered public accounting firm

23.2

Consent of Maples and Calder (Hong Kong) LLP

24.1

Power of Attorney (included on the signature page hereto)

 

† Previously filed.

 

 

 


 

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-Effective Amendment No. 2 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Beijing, China, on June 20, 2025.

 

 

17 Education & Technology Group Inc.

 

 

 

 

By:

/s/ Andy Chang Liu

 

 

Name:

Andy Chang Liu

 

 

Title:

Chairman and Chief Executive Officer

 

 

 

 


 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 2 to the Registration Statement has been signed by the following persons in the capacities on June 20, 2025.

Signature

 

Title

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Andy Chang Liu

Andy Chang Liu

 

Chairman of the Board of Directors and Chief Executive Officer

(Principal Executive Officer)

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Sishi Zhou

Sishi Zhou

 

Acting Chief Financial Officer

(Principal Financial Officer)

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Michael Chao Du

Michael Chao Du

 

Director

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Na Ai

Na Ai

 

Director

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Jiawei Gan

Jiawei Gan

 

Director

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Bing Yuan

Bing Yuan

 

Director

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Minghui Wu

Minghui Wu

 

Director

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Gui Jia

Gui Jia

 

Director

 

 

 

 


 

SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES

Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of 17 Education & Technology Group Inc. has signed this Post-Effective Amendment No. 2 to the Registration Statement in New York, New York on June 20, 2025.

 

 

 

Authorized U.S. Representative

 

 

Cogency Global Inc.

 

By:

/s/ Colleen A. De Vries

 

 

Name:

Colleen A. De Vries

 

 

Title:

Senior Vice President on behalf of Cogency Global Inc.

 

 

 

 


FAQ

Why did 17 Education & Technology Group (YQ) file a Post-Effective Amendment No. 2 to Form S-8?

To update the exhibit index and incorporate restated equity incentive plans while extending their validity to 31 Dec 2035.

Does the amendment register additional YQ shares?

No. The filing explicitly states no additional securities are being registered.

Which share incentive plans were updated in the June 20 2025 filing?

The Sixth A&R 2015 Share Option Plan, Third A&R 2018 Share Option Plan, and Second A&R 2020 Share Incentive Plan.

What new expiration date applies to YQ’s outstanding option grants?

All outstanding options under the affected plans now expire on 31 December 2035.

Is there any change to YQ’s financial statements or dilution levels?

No. Because the share pools remain unchanged, financial metrics and potential dilution are unaffected.

Who is the U.S. agent for service listed in the filing?

Cogency Global Inc., 122 E 42nd St, 18th Floor, New York, NY 10168.
17 Education & Technology Group Inc

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