Former 6-K Sunlands Technology Grou To: 06 Dec.

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UNITED STATES

SECURITY AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 6-K

FOREIGN ISSUER REPORT
IN ACCORDANCE WITH RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGES ACT OF 1934

For the month of December 2021

Commission file number: 001-38423

SUNLANDS TECHNOLOGY GROUP

(Exact name of the holder as specified in his charter)

Building 4-6, Chaolai Science Park, n ° 36

Chuangyuan Road, Chaoyang District

Beijing, 100012, People’s Republic of China

+ 86-10-52413738


(Address of the main executive offices)

Indicate with a check mark whether the declarant is filing or will file annual returns under Form 20-F or Form 40-F. Form 20-F ?? Form 40-F ??

Indicate with a check mark whether the declarant is submitting Form 6-K on paper, as permitted by rule 101 (b) (1) of the ST Regulation: ??

Indicate with a check mark whether the declarant is submitting Form 6-K on paper, as permitted by rule 101 (b) (7) of the ST Regulation: ??

EXPOSURE INDEX

Part no. The description
99.1 Press release

Signature

In accordance with the requirements of the Securities Exchange Act of 1934, the declarant has duly caused this report to be signed on his behalf by the undersigned, being duly authorized for this purpose.

Sunlands Technology Group
Dated: December 6, 2021 Through: / s / Niv Lu
Name: Niv Lu
Title: Financial director

Room 99.1

Sunlands Technology Group Announces $ 15 Million Share Buyback Program

BEIJING, Dec. 6, 2021 / PRNewswire / – Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in online post-secondary and vocational education in China, announced today that its board of directors has approved a share repurchase program under which the Company is authorized to repurchase up to US $ 15 million of its Class A common shares in the form of US custodian shares during the Next 24 months.

Mr. Tongbo Liu, Chairman and CEO of Sunlands, said, “The share buyback program reflects our capital strength and our confidence in delivering sustained, long-term performance for our shareholders. We are delighted that our strong cash-generating capacity allows us to return shareholder value and continue to invest in improving our content, upgrading our technology and attracting more students to our platform to sustainably develop our business.

Redemptions offered by the Company may be made from time to time on the open market at prevailing market prices, in privately traded transactions, in blocks and / or by other legally permitted means, depending on the conditions. market and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the requirements of Rule 10b-18 of the Securities and Exchange Commission (the “SEC”). These repurchases are also expected to be effected in accordance with a plan that complies with SEC Rule 10b5-1. The Company plans to fund the buybacks from its existing cash balance.

About Sunlands

Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), formerly known as Sunlands Online Education Group, is the leader in online post-secondary and vocational education in China. With a one-to-many live streaming platform, Sunlands offers a variety of post-secondary degree and diploma-focused courses, as well as online professional courses and educational content, to help students prepare for professional certification exams. and acquire professional skills. Students can access its services through a PC or mobile applications. The Company’s online platform cultivates a personalized and interactive learning environment by offering a virtual learning community and a vast library of educational content offerings that adapt to the learning habits of its students. Sunlands offers a unique approach to educational research and development that organizes subject content into learning outcome trees, the company’s proprietary knowledge management system. Sunlands has a deep understanding of the educational needs of its prospective students and offers solutions that help them achieve their goals.

Safe Harbor Declaration

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the US Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as “will”, “expects”, “anticipates”, “the future”, “intends”, “plans”, “believes”, “estimates”, “” “ confident ”and similar statements. Sunlands may also make written or oral forward-looking statements in its reports filed or provided to the United States Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by Sunlands. its officers, directors or employees to third parties. All statements that are not historical facts, including statements about Sunlands beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those of forward-looking statements. These factors and risks include, without limitation, the following: Sunlands objectives and strategies; its expectations regarding demand and market acceptance of its brand and services; its ability to retain and increase student enrollments; its ability to offer new courses and educational content; its ability to improve the quality of teaching and the learning outcomes of students; its ability to improve the efficiency and effectiveness of sales and marketing; its ability to hire, train and retain new faculty members; its future business development, operating results and financial condition; its ability to maintain and improve the technological infrastructure necessary to operate its business; competition in China’s online education sector; relevant government policies and regulations relating to Sunlands corporate structure, operations and industry; and the general economic and trade situation in China. Further information regarding these and other risks, uncertainties or factors is included in the documents filed by Sunlands with the United States Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Sunlands assumes no obligation to update such information, except as required by applicable law.

For investor and media inquiries, please contact:

Sunlands Technology Group

Investor Relations

Email: [email protected]

The Piacente Group, Inc.

Brandi Piacente

Phone: + 1-212-481-2050

Email: [email protected]

Yang song

Phone. : + 86-10-6508-0677

Email: [email protected]

SOURCE: Sunlands Technology Group

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