17 Education & Technology(YQ) - 2023 Q2 - Quarterly Report

Exhibit 99.1 17 Education & Technology Group Inc. Announces First Quarter 2023 Unaudited Financial Results BEIJING, China, June 15, 2023 — (GLOBE NEWSWIRE) — 17 Education & Technology Group Inc. (NASDAQ: YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the first quarter of 2023. First Quarter 2023 Highlights 1 • Net revenues were RMB9.3 million (US$1.4 million), representing a year-over-year decrease of 96.0% from RMB233. ...