GSX Techedu Announces Pricing of Initial Public Offering

BEIJING,June 5,2019 -- GSX Techedu Inc. (NYSE: GSX) ("GSX Techedu" or the "Company"),a technology-driven education company and leading online K-12 large-class after-school tutoring service provider in China,today announced that it has priced its initial public offering of 19,800,000 American Depositary Shares ("ADSs"),with3 ADSs representing 2 Class A ordinary shares,at US$10.50 per ADS for a total offering size of approximately US$207.9 million,assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs have been approved for listing on the New York Stock Exchange and are expected to begin trading today under the ticker symbol "GSX."

The underwriters have been granted an option,exercisable within 30 days from the date of the final prospectus,to purchase up to an additional 2,970,000 ADSs from the Company.

Credit Suisse Securities (USA) LLC,Deutsche Bank Securities Inc.,Barclays Capital Inc.,and CLSA Limited are acting as joint book runners for the offering.

GSX Techedu's registration statement relating to the offering has been filed with,and declared effective by,the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein,nor shall there be any sale of these securities in any state or jurisdiction in which such an offer,solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus,when available,relating to the offering may be obtained by contacting:

Credit Suisse Securities (USA) LLC

Attention: Prospectus Department

Eleven Madison Avenue

New York,NY 10010

Phone: +1-800-221-1037

Email: newyork.prospectus@credit-suisse.com

Deutsche Bank Securities Inc.

Attention: Prospectus Group

60 Wall Street

New York,NY 10005

Phone: +1-800-503-4611

Email: prospectus.cpdg@db.com

Barclays Capital Inc.

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood,NY 11717

Email: Barclaysprospectus@broadridge.com

CLSA Limited

18/F,One Pacific Place,88 Queensway,Hong Kong

Phone: +852 2600 8888

About GSX Techedu Inc.

GSX Techedu Inc. (NYSE: GSX) ("GSX Techedu" or the "Company") is a technology-driven education company and leading online K-12 large-class after-school tutoring service provider in China. GSX Techedu offers K-12 courses covering all primary and secondary grades as well as foreign language,professional and interest courses. GSX Techedu adopts an online live large-class format to deliver its courses,which the Company believes is the most effective and scalable model to disseminate scarce high-quality teaching resources to aspiring students in China. Big data analytics permeates each aspect of the Company's business and facilitates the application of the latest technology to improve teaching delivery,student learning experience,and operational efficiency.

For more information,please contact:

GSX Techedu Inc.

E-mail: ir@baijiahulian.com

Christensen

In China

Mr. Christian Arnell

Phone: +86-10-5900-1548

E-mail: carnell@christensenir.com

In US

Ms. Linda Bergkamp

Phone: +1-480-614-3004

Email: lbergkamp@christensenir.com

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