51Talk(COE) - 2022 Q4 - Annual Report

Shareholding Structure - As of February 28, 2023, DCM funds owned 10,607,110 Class A ordinary shares and 57,681,212 Class B ordinary shares, representing 20.1% of the total outstanding shares and 46.2% of the aggregate voting power[5] - Dasheng International Holdings Limited held 26,194,680 Class A ordinary shares and 45,925,744 Class B ordinary shares, accounting for 21.2% of the total outstanding shares and 38.2% of the aggregate voting power[6] - Sequoia Capital China owned 40,033,395 Class A ordinary shares, representing 11.8% of the total outstanding shares and 3.1% of the aggregate voting power[6] - Golien Ltd held 18,967,560 Class A ordinary shares, which is 5.6% of the total outstanding shares and 1.5% of the aggregate voting power[6] - The aggregate voting power of the major shareholders was 89.0% as of February 28, 2023[7] Regulatory and Compliance - The Company was identified as a Commission-Identified Issuer by the SEC under the Holding Foreign Companies Accountable Act on June 1, 2022[3] - The audit report for the Company's financial statements was issued by PricewaterhouseCoopers Zhong Tian LLP, a firm based in mainland China[3] - The Company is not aware of any governmental entity in mainland China that can direct its management and policies[7] - The Company filed its annual report on Form 20-F for the year ended December 31, 2021 on May 2, 2022[3] Company Information - The Company’s principal executive office is located at 24 Raffles Place 17-04 Clifford Centre, Singapore 048621[1]