# EDGAR Filing Document

**Accession Number:** 0001843196
**File Stem:** 0000950170-25-109230
**Filing Date:** 2025-8
**Character Count:** 40286
**Document Hash:** e6c0c255f931f69e720c3f7690369018
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-109230.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0000950170-25-109230

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250815

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 17 Education & Technology Group Inc.
- **CENTRAL INDEX KEY:** 0001821468
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EDUCATIONAL SERVICES [8200]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92027
- **FILM NUMBER:** 251222385

**BUSINESS ADDRESS:**
- **STREET 1:** 16/F, BLOCK B, WANGJING GREENLAND CENTER
- **STREET 2:** CHAOYANG DISTRICT
- **CITY:** BEIJING
- **STATE:** F4
- **ZIP:** 100102
- **BUSINESS PHONE:** 86 10 59451082

**MAIL ADDRESS:**
- **STREET 1:** 16/F, BLOCK B, WANGJING GREENLAND CENTER
- **STREET 2:** CHAOYANG DISTRICT
- **CITY:** BEIJING
- **STATE:** F4
- **ZIP:** 100102
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Liu Chang
- **CENTRAL INDEX KEY:** 0001843196

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** 16/F, BLOCK B, WANGJING GREENLAND CENTER
- **STREET 2:** CHAOYANG DISTRICT
- **CITY:** BEIJING
- **STATE:** F4
- **ZIP:** 100102

## Ex-1.E

**SHARE PURCHASE AGREEMENT**

THIS SHARE PURCHASE AGREEMENT (this "**Agreement**") is made on March 25, 2025 (the "**Execution Date**") between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)17 Education & Technology Group Inc., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the "**Company**"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Mr. Andy Chang Liu, a PRC individual and holder of the ID Card No. \*\*\* (the "**Purchaser**").

The Company and the Purchaser may hereinafter be collectively referred to as the "**Parties**", and each, a "**Party**".

<u>RECITALS</u>

The Company intends to issue and sell to the Purchaser and the Purchaser agrees to purchase from the Company certain number of Class A ordinary shares of the Company, par value US$0.0001 per share (the "**Class A Ordinary Shares**") and Class B ordinary shares of the Company, par value US$0.0001 per share (the "**Class B Ordinary Share**", together with the Class A Ordinary Shares, the "**Ordinary Share**"), in accordance with the terms and conditions of this Agreement.

THE PARTIES HEREBY AGREE AS FOLLOWS:

**SECTION 1**

**ISSUANCE OF SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1<u>Issuance of Ordinary Shares</u>. Subject to the terms and conditions hereof, the Company hereby agrees to issue and sell to the Purchaser, and the Purchaser hereby agrees to purchase from the Company 18,252,336 Class A Ordinary Shares and 83,093,664 Class B Ordinary Shares (the "Subscribed Shares") at a subscription price per Ordinary Share equal to the average closing price per ordinary share for the 30 days preceding March 28, 2025 (the "Subscription Price"). The aggregate consideration for the Subscribed Shares (the "Consideration Amount") shall be calculated based on the Subscription Price and the number of Subscribed Shares.

**SECTION 2**

**CLOSING**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1<u>The Closing</u>. The closing of the subscription and issuance of the Subscribed Shares hereunder shall take place remotely via the exchange of documents and signatures on a date specified by the Parties as soon as practicable after satisfaction of the conditions as set forth in Section 4, or at such other time and place as mutually agreed by the Parties (the "**Closing**", and such date, the "**Closing Date**"). "**Business Day**" means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by applicable laws or executive order to be closed in (i) the Cayman Islands, with respect to any action to be undertaken or notice to be given in the Cayman Islands, or (ii) the PRC or Hong Kong, with respect to any action to be undertaken or notice to be given in such jurisdiction.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2<u>Registration of the Subscribed Shares</u>. Notwithstanding anything to the contrary herein, the Purchaser shall be permitted to designate an entity to purchase the Subscribed Shares upon Closing (the "**Designated Entity**"). The Purchaser hereby agrees the Subscribed Shares be registered in the name of the Designated Entity and at the Closing, the Company shall update the register of members to show the Designated Entity as the holder of the Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3<u>Payment of the Consideration Amount</u>. The Company and the Purchaser agree that the Consideration Amount shall be paid by the Purchaser by wire transfer with immediately available funds in U.S. dollars or an equivalent amount in RMB converted at the exchange rate in effect as of the date of this Agreement as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System, to the bank account(s) designated by the Company no later than five (5) Business Days prior to the Closing Date.

**SECTION 3**

**REPRESENTATIONS AND WARRANTIES**

Each Party, severally but not jointly, hereby represents and warrants to the other Party as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1<u>Authorization</u>. Such Party has all requisite power, authority and capacity to enter into this Agreement. This Agreement has been duly authorized, executed and delivered by such Party. This Agreement, when executed and delivered by such Party, will constitute its valid and legally binding obligations, subject, as to enforcement of remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors' rights generally and to general equitable principles.

**SECTION 4**

**CONDITIONS TO THE PARTIES' OBLIGATIONS AT THE CLOSING**

The obligation of the Parties to consummate the transactions contemplated by this Agreement at the Closing is subject to the fulfillment or waiver by the Parties, on or prior to the Closing, of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1<u>Proceedings and Documents</u>. The board of directors of the Company (the "**Board**") shall have approved the transaction contemplated hereunder.

**SECTION 5**

**MISCELLANEOUS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1<u>Governing Law</u>. This Agreement shall be governed by and construed in accordance with the laws of the State of New York. Any dispute arising out of or relating to this Agreement shall be referred to arbitration administered by the Hong Kong International Arbitration Centre.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2<u>Survival</u>. The representations, warranties, covenants and agreements made herein by the Company shall survive the Closing of the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3<u>Successors and Assigns</u>. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs,

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executors and administrators of the parties hereto whose rights or obligations hereunder are affected by such amendments. This Agreement and the rights and obligations therein may not be assigned by any Party to any third party without the written consent of the other Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4<u>Amendments and Waivers</u>. Any term of this Agreement may be amended only with the written consent of both Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5<u>Delays or Omissions</u>. No delay or omission to exercise any right, power or remedy accruing to any Party hereto, upon any breach or default of any other Party hereto under this Agreement, shall impair any such right, power or remedy of such former party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of any similar breach of default thereafter occurring.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6<u>Counterparts</u>. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. Electronic PDF, facsimile and e-mailed copies of signatures shall be deemed to be originals for purposes of the effectiveness of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7<u>Severability</u>. If any provision of this Agreement is found to be invalid or unenforceable, then such provision shall be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits intended by the parties. In such event, the Parties shall use commercially reasonable efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which most closely effects the Parties' intent in entering into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8<u>Confidentiality</u>. Save as provided in this Agreement, none of the Parties shall disclose any information concerning this Agreement, the transactions contemplated in this Agreement or any other arrangement involving the Company and the Purchaser without the prior written consent of the other Party. Notwithstanding the foregoing, this Agreement may be disclosed: (a) to the legal, financial and other advisors, employees and agents of the Parties hereto and their respective affiliates on a need-to-know basis; and (b) otherwise by any party as may be required by any law or regulatory authority with jurisdiction over such party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9<u>Further Assurances</u>. Each Party shall from time to time and at all times hereafter make, do, execute, or cause or procure to be made, done and executed such further acts, deeds, conveyances, consents and assurances without further consideration, which may reasonably be required to effect the transactions contemplated under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10<u>Expenses and Taxes</u>. The Company shall bear all the legal, professional and other third-party fees, costs and expenses incurred related to the transactions contemplated hereby. The Purchaser shall bear all taxes that are required by applicable laws to be paid by him arising out of the transactions contemplated under this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.11<u>Termination</u>. This Agreement may be terminated by the mutual consent of the Parties. Upon the termination of this Agreement, this Agreement shall forthwith become null and void except for the provisions of Section 5.8, which shall survive such termination.

***[remainder of this page left intentionally blank]***

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IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.

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| | |
|:---|:---|
| **<u>COMPANY:</u>** | **<u>COMPANY:</u>** |
| **17 Education & Technology Group Inc.** | **17 Education & Technology Group Inc.** |
| By: | /s/ Michael Chao Du |
| Name: | Michael Chao Du |
| Title: | Director and Chief Financial Officer |

---

Signature Page

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IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.

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| | |
|:---|:---|
| **<u>PURCHASER:</u>** | **<u>PURCHASER:</u>** |
| By: | /s/ Andy Chang Liu |
| Name: | Andy Chang Liu |

---

Signature Page

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## Ex-1.F

**Loan Agreement**

This Loan Agreement (hereinafter referred to as "this Agreement") is entered into on August 7, 2025, by and between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Liu Chang, a Chinese citizen, ID number \*\*\*\*\*\* (hereinafter referred to as the "Borrower");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Xie Shulan, a Chinese citizen, ID number \*\*\*\*\*\* (hereinafter referred to as the "Lender").

Whereas:

The Borrower holds 100% equity of Future Glory Technology Holdings Limited (a company incorporated under the laws of the British Virgin Islands) (hereinafter referred to as "BVI-2 Company") through its wholly-owned subsidiary Future Adventures Investment Holdings Limited (a company incorporated under the laws of the British Virgin Islands) (hereinafter referred to as "BVI-1 Company"). The Borrower intends to subscribe for 18,252336 Class A ordinary shares and 83,093,664 Class B ordinary shares to be newly issued by 17 Education & Technology Group Inc. (hereinafter referred to as "the Company") through BVI-2 Company. The Lender is willing to lend RMB28,900,082.63 (hereinafter referred to as "the Loan") to the Borrower to ensure the Borrower completes the aforementioned share subscription.

After friendly negotiations, the parties hereby enter into this Agreement to be faithfully observed.

Article 1 Loan Arrangement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The Lender agrees to provide the Borrower with a loan of RMB28,900,082.63. Unless otherwise agreed to by the parties, the Loan term shall be 3 years from the date of loan drawdown and may be extended with the written consent of both parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.The parties confirm that the Loan under this Agreement is interest-free.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.For the Loan under this Agreement, the Borrower agrees to pledge all shares held in BVI-1 Company, all shares held in BVI-2 Company through BVI-1 Company, and all shares held in the Company through BVI-2 Company to the Lender as collateral.

Article 2 Liability for Breach of Contract

After the execution of this Agreement, any party that fails to perform or fully perform the terms agreed under in this Agreement shall be deemed to be in breach of contract. The breaching party shall be responsible for compensating all economic losses caused to the non-breaching party due to the breach, and the non-breaching party has the right to require the breaching party to continue to perform this Agreement.

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Article 3 Effectiveness, Modification, and Termination of the Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.This Agreement shall become effective upon the execution by both parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Any modification to this Agreement must be jointly negotiated by both parties and shall only become effective after a written agreement is executed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.This Agreement may be terminated only with the mutual written consent of both parties.

Article 4 Applicable Law

The effectiveness, interpretation, performance, implementation, and dispute resolution of this Agreement shall be governed by the laws of China.

Article 5 Miscellaneous

This Agreement is made in two originals, with each party holding one, and both originals have the same legal effect.

**[Signatures to follow]**

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This Agreement is signed by both parties on the date stated at the beginning of this document, to be faithfully observed.

Borrower: Liu Chang

Signature: /s/ Liu Chang

Lender: Xie Shulan

Signature: /s/ Xie Shulan

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## Ex-1.G

DEED OF SHARE CHARGE

By

Future Glory Technology Holdings Limited

in favor of

XIE Shulan

Dated as of August 13, 2025

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DEED OF SHARE CHARGE (this "<u>Deed</u>") is made on August 13, 2025:

BY:

Future Glory Technology Holdings Limited, a company incorporated under the Laws of British Virgin Islands (the "<u>Pledgor</u>").

IN FAVOR OF:

Xie Shulan, a Chinese citizen (the "<u>Secured Party</u>").

Each of the parties listed above is referred to herein individually as a "Party" and collectively as the "<u>Parties</u>".

RECITALS:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)Liu Chang (the "<u>Borrower</u>"), and the Secured Party have entered into a loan agreement on August 7, 2025, as amended from time to time (the "<u>Loan Agreement</u>"), pursuant to which the Secured Party has provided a facility in the aggregate principal amount of RMB28,900,082.63 to the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)17 Education & Technology Group Inc. (the "<u>Company</u>") is a company incorporated and existing under the Laws of the Cayman Islands. As of the date hereof, the Pledgor owns 18,252,336 Class A Ordinary Shares and 83,093,664 Class B Ordinary Shares (the "<u>Charged Shares</u>") of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)To secure the obligations of the Borrower under the Loan Agreement, the Pledgor has agreed to create a security interest over the Charged Shares and all Proceeds (as defined below) until all of the Secured Obligations (as defined below) have been satisfied, waived or terminated.

IT IS AGREED as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.DEFINITIONS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.In this Deed, unless the context otherwise requires, the following words and expressions have the following meanings:

"<u>Charge</u>" means the assignment, charge and mortgage of the Security granted by the Pledgor in favor of the Secured Party pursuant to Section 2.

"<u>Law</u>" or "<u>Laws</u>" means, all applicable laws, regulations, rules and orders of any governmental authority, securities exchange or other self-regulating body, any common or customary law, constitution, code, ordinance, statute or other legislative measure and any regulation, rule, treaty, order, decree or judgment; and "<u>lawful</u>" shall be construed accordingly.

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"<u>Proceeds</u>" means all proceeds, whether in the form of cash or other property, deriving from legal or beneficial ownership of the Charged Shares, including all dividends or other distributions (whether in cash, shares or other property) and all sale proceeds.

"<u>Secured Obligations</u>" means all present and future obligations and liabilities (whether actual or contingent) owed by the Borrowers to the affiliate of the Secured Party under the Loan Agreement.

"<u>Security</u>" means the Charged Shares and the Proceeds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.GRANT OF SECURITY

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.The Pledgor hereby charges and mortgages the Security to the Secured Party as first priority security for the Secured Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.The Pledgor represents and warrants that it is the sole legal and beneficial owner of the Security. In conformity with standard practice and in order to give to the Secured Party full effect to the Charge, after the date of this Deed, the Pledgor will deliver to the Secured Party each of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)duly executed share certificates of the Charge Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)evidence that the register of members of the Company has been annotated to note that the Pledgor has charged and mortgage the Charged Shares in favor of the Secured Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)a certified copy of the updated register of charges of the Pledgor reflecting the creation of security under this Deed and the Original certificate of registration of charge issued by the Registrar of Corporate Affairs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.The Pledgor shall promptly do whatever the Secured Party reasonably requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)to perfect or protect the Charges or the priority of the Charges; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)to facilitate the realization of the Charged Shares or the exercise of any rights vested in the Secured Party upon the Charge becoming enforceable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.The Charge shall become enforceable in case of any failure to perform the Secured Obligations. The Secured Party may at its absolute discretion take such action and/or institute such proceedings as it may think fit to enforce the Charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)In the event that the Secured Party enforces the Charge, the Secured Party may promptly acquire, sell to any party, including parties designated by the Secured Party, or otherwise dispose of all or any part of the title to and interest in the Security in accordance with Laws with the consideration no less than the then fair market value of the Security.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)For the purpose of, or pending the discharge of, any of the Secured Obligations, the Secured Party may convert any monies received, recovered or realized by it under this Deed from the existing currencies of denominating into such other currencies of denomination as the Secured Party may think fit. Any such conversion shall be effected at the Secured Party's then prevailing spot selling rate of exchange for such other currency against the existing currency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)All monies received by the Secured Party on the realization or enforcement of this Charge shall be applied by the Secured Party: (i) first in payment or satisfaction of the expenses related to enforcement of this Charge, (ii) secondly, in repayment and discharge of the Secured Obligations, and (iii) thirdly, in payment of the balance (if any) to the Pledgor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5.Before the Charge becomes enforceable, the Pledgor shall be entitled to exercise or direct the exercise of the voting rights attached to any of the Charged Shares in such manner as it sees fit, except in any manner that is inconsistent with or that prejudices or is likely to prejudice the interests of the Secured Party under this Deed or is otherwise inconsistent with this Deed and the Loan Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.DISCHARGE OF SECURITY

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.The Charge shall be released upon all of the Secured Obligations having been satisfied, waived or terminated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.Upon the due payment or satisfaction in full of the Secured Obligations, the Secured Party shall take immediate action as the Pledgor may reasonably request to release the Security from the Charge and to return the documents delivered to the Secured Party referred to in Section 2.2 of this Deed to the Pledgor. In the event that some of the Security has been enforced pursuant to Section 2.4, upon such release, the Secured Party shall return to the Pledgor all the remaining Security and/or the remaining portion of cash or securities received by it from the disposal of the Security in connection with such enforcement after the Secured Party has been fully compensated for the relevant losses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.MISCELLANEOUS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.This Deed may not be amended, modified or supplemented except by a written instrument executed by each of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.This Deed may be executed in one or more counterparts including counterparts transmitted by email, telecopier or facsimile, each of which shall be deemed an original, but all of which signed and taken together, shall constitute one document. Facsimile and e-mailed copied of signatures in portable document formant (PDF) shall be deemed to be originals for purposes of the effectiveness of this Deed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3.This deed shall be governed by, and construed in accordance with, the laws of Hong Kong without regard to the principles of conflicts to law of any jurisdiction.

[The remainder of this page is intentionally left blank]

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EXECUTED AND DELIVERED AS A DEED on the date and year first above written.

The Pledgor:

Future Glory Technology Holdings Limited

By: <u>/s/ Liu Chang</u>

Name: Liu Chang

Title Authorized Signatory

The Secured Party

Xie Shulan

By: <u>/s/ Xie Shulan</u>

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### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**17 Education & Technology Group Inc.**

*(Name of Issuer)*

**Class A ordinary shares, par value of $0.0001 per share**

*(Title of Class of Securities)*

**81807M304**

*(CUSIP Number)*

**Andy Chang Liu**<br>16/F, Block B, Wangjing Greenland Center<br>Chaoyang District<br>Beijing F4 100102<br>0086 10 6479 6786

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**08/13/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **81807M304** |

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| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Andy Chang Liu** | Name of reporting person<br>**Andy Chang Liu** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CHINA** | Citizenship or place of organization<br>**CHINA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**218374436.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**218374436.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**218374436.00** | Aggregate amount beneficially owned by each reporting person<br>**218374436.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**40.5%** | Percent of class represented by amount in Row (11)<br>**40.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Note to 7, 9, 11: Represents (i) 11,100 Class A ordinary shares held in the form of ADSs, (ii) 58,453,168 Class B ordinary shares held by Fluency Holding Ltd., a British Virgin Islands limited liability company, and (iii) 18,363,336 Class A ordinary shares, among which 111,000 Class A ordinary shares were held in the form of ADS, and 141,546,832 Class B ordinary shares held by Future Glory Technology Holdings Limited, a British Virgin Islands limited liability company. Fluency Holding Ltd. is wholly owned by Simple Prosperity Limited, which is wholly owned by Vista Trust (Singapore) Pte. Limited, the trustee of Sunny Trust. Mr. Andy Chang Liu is the settler of Sunny Trust, and Mr. Andy Chang Liu and his family members are the beneficiaries of Sunny Trust. The business address of Fluency Holding Ltd. is Quastislcy Building, PO Box 4389, Road Town, Tortola, British Virgin Islands. Future Glory Technology Holdings Limited is wholly-owned by Future Adventures Investment Holdings Limited, a company incorporated under the laws of British Virgin Islands and wholly-owned by Mr. Andy Chang Liu. The business address of Future Glory Technology Holdings Limited is Craigmuir Chambers, Road Town, Tortola VG 1110, British Virgin Islands. An aggregate of 6,611,302 Class B ordinary shares held by Fluency Holding Ltd. and 18,252,336 Class A ordinary shares and 141,546,832 Class B ordinary shares held by Future Glory Technology Holdings Limited have been pledged as collateral for certain secured loans.

Note to 13: Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to thirty votes per share on all matters submitted to them for vote. The voting power of the shares beneficially owned by Mr. Andy Chang Liu represents 94.9% of the total outstanding voting power.

| **CUSIP No.** | **81807M304** |

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| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Fluency Holding Ltd.** | Name of reporting person<br>**Fluency Holding Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**58453168.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**58453168.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**58453168.00** | Aggregate amount beneficially owned by each reporting person<br>**58453168.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**10.8%** | Percent of class represented by amount in Row (11)<br>**10.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Note to 7, 9, 11: Represents 58,453,168 Class B ordinary shares directly held by Fluency Holding Ltd.

Note to 13: Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to thirty votes per share on all matters submitted to them for vote. The voting power of the shares held by Fluency Holding Ltd. represents 27.7% of the total outstanding voting power.

| **CUSIP No.** | **81807M304** |

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| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Future Glory Technology Holdings Limited** | Name of reporting person<br>**Future Glory Technology Holdings Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**159910168.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**159910168.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**159910168.00** | Aggregate amount beneficially owned by each reporting person<br>**159910168.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**29.6%** | Percent of class represented by amount in Row (11)<br>**29.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Note to 7, 9, 11: Represents 18,252,336 Class A ordinary shares and 141,546,832 Class B ordinary shares directly held by Future Glory Technology Holdings Limited.

Note to 13: Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to thirty votes per share on all matters submitted to them for vote. The voting power of the shares held by Future Glory Technology Holdings Limited represents 67.3% of the total outstanding voting power.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A ordinary shares, par value of $0.0001 per share

**(b) Name of Issuer:**
17 Education & Technology Group Inc.

**(c) Address of Issuer's Principal Executive Offices:**
16/F, Block B, Wangjing Greenland Center, Chaoyang District, Beijing, F4, 100102

Pursuant to Rule 13d-2 promulgated under the Act, this Amendment No. 1 to Statement on Schedule 13D (this "Amendment") amends and supplements the Statement on Schedule 13D originally filed with the U.S. Securities and Exchange Commission on November 15, 2024 (the "Original Filing," collectively with this Amendment, the "Schedule 13D"). Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Statement. All capitalized terms used herein which are not defined herein have the meanings given to such terms in the Statement.

**Item 4. Purpose of Transaction**

The information set forth in Item 3 is hereby incorporated by reference in its entirety. The Share Subscription and the purchases of ADSs on the open market were made for investment purposes.
Except as set forth in this Statement or in the transaction documents described herein, none of the Reporting Persons has any present plan or proposal which related to or would result in any transaction, change or event specified in clauses (a) through (j) of Item 4 of Schedule 13D. Each of the Reporting Persons hereto intends to review its shareholding on a regular basis and, as a result thereof, may at any time or from time to time determine, either alone or as part of a group, (i) to acquire additional securities of the Issuer, through open market purchases, privately negotiated transactions or otherwise, (ii) to dispose a portion of the securities of the Issuer owned by it in the open market, in privately negotiated transactions or otherwise or (iii) to take any other available course of action, which could involve one or more of the types of transactions or have one or more of the results described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Items 7 through 13 of the cover page of this Schedule 13D are incorporated herein by reference. Such information is based upon on an aggregate of 438,296,989 issued and outstanding ordinary shares (being the sum of 321,390,653 Class A ordinary shares and 116,906,336 Class B ordinary shares) of the Issuer as of June 30, 2025 as provided by the Issuer and taking into consideration of 18,252,336 Class A ordinary shares and 83,093,664 Class B ordinary shares issued pursuant to the transaction disclosed herein as a single class.

**(b)**
Items 7 through 13 of the cover page of this Schedule 13D are incorporated herein by reference.

**(c)**
The information in Item 3 and Item 4 is incorporated herein by reference. Except as disclosed in this Schedule 13D, none of the Reporting Persons has effected any transaction in the ordinary shares of the Issuer during the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information set forth in Item 3 is hereby incorporated by reference in its entirety.
To the best knowledge of the Reporting Persons, except as provided herein, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Persons or between any of the Reporting Persons and any other person with respect to any securities of the Issuer, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies, or a pledge or contingency, the occurrence of which would give another person voting power over the securities of the Issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Andy Chang Liu

**Signature:** /s/ Andy Chang Liu

**Name/Title:** Andy Chang Liu

**Date:** 08/15/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Fluency Holding Ltd.

**Signature:** /s/ Andy Chang Liu

**Name/Title:** Andy Chang Liu, Director

**Date:** 08/15/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Future Glory Technology Holdings Limited

**Signature:** /s/ Andy Chang Liu

**Name/Title:** Andy Chang Liu, Director

**Date:** 08/15/2025