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Deutsche Bank Appointed as Depositary Bank for the Sponsored Level III American Depositary Receipt Program of China Online Education Group

DB | June 15, 2016

Deutsche Bank Appointed as Depositary Bank for the Sponsored Level III American Depositary Receipt Program of China Online Education Group

Deutsche Bank today announced its appointment as sponsored depositary bank for the Level III NYSE-listed American Depositary Receipt (ADR) program of China Online Education Group.

China Online Education Group ("51Talk", NYSE:COE) is a leading online education platform in China, with core expertise in English education. Its mission is to make quality education accessible and affordable. Its online and mobile education platforms enable students across China to take live one-on-one interactive English lessons with overseas foreign teachers, on demand. The company connects its students with a large pool of highly qualified foreign teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.*

“We are delighted to be appointed as depositary bank for China Online Education Group’s NYSE-listed ADR program,” said David West, Head of Issuer Services, Asia Pacific at Deutsche Bank. “Our broad range of customized services will be used to assist China Online Education Group to optimize the visibility of its ADR program.”

Deutsche Bank’s Depositary Receipts team is part of the Issuer Services business within Global Securities Services. In addition to specializing in cross-border equity structures such as American and global depositary receipts, Issuer Services provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

*Source: China Online Education Group (June 2016)

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Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933. The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© June 2016 Deutsche Bank AG. All rights reserved.