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Sunlands Online CFO Steven Yipeng Li resigns, Selena Lu Lu to succeed » 08:3604/0204/02/20
Sunlands Technology announced Mr. Steven Yipeng Li, the company's CFO, has tendered his resignation for personal reasons, effective April 30. The board of directors of the company has appointed Selena Lu Lu, Sunlands' Chief Strategy Officer and director, to serve as CFO, effective April 30. Lu will also continue to serve as Chief Strategy Officer of the company. Li and Ms. Lu will work together to ensure a smooth transition. Lu has served as Sunlands' Chief Strategy Officer since joining the company in July 2015 and has been an instrumental part of the senior management team leading three rounds of private financing and the company's IPO. Prior to joining Sunlands, Lu served as a Partner at Taihe Capital and as an Executive Director at Hina Investment Group, two leading boutique investment banks.
Sunlands Online announces extension of share repurchase program » 05:2311/2711/27/19
Sunlands Technology Group…
Sunlands Technology Group announced that its board has approved an extension of the company's share repurchase program to August 23, 2020. The Repurchase Program, which was originally adopted and announced in August 2018, allows for the repurchase of up to $50M of the company's Class A ordinary shares in the form of American depositary shares and was scheduled to expire on August 23. The board did not make any changes to the $50M repurchase authorization. To date, Sunlands has repurchased approximately $9.6M of its Class A ordinary shares, leaving a remaining authorization of approximately $40.4M.