GSX - GSX Techedu shares advances on CEO's plan to purchase up to $50M shares

March, 30 2021 07:57 AM GSX Techedu Inc. American Depositary Shares three of which representing two Class A

Mr. Larry Xiangdong Chen, founder, Chairman and CEO of GSX Techedu (GSX) +5.5% premarket, intends to use his personal funds to purchase up to $50M of the company's shares over the next 12 months.Mr. Larry Xiangdong Chen currently has not pledged any of his equity interest in the company as security or collateral to any third party. As of March 30, 2021, the company had repurchased $39.8M of its shares under the buyback program approved in May, 2020 to repurchase up to $150M, effective until May 6, 2022.GSX Techedu was one of the companies caught up in the forced liquidation of Archegos Capital Management.The companies shares plunged last week on reports of new on-line education policies in China.

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GSX Techedu shares advances on CEO's plan to purchase up to $50M shares

Company Name:	GSX Techedu Inc. American Depositary Shares three of which representing two Class A
Stock Symbol:	GSX
Market:	NYSE

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