Exhibit 99.1 17 Education & Technology Group Inc. Announces Second Quarter 2023 Unaudited Financial Results Second Quarter 2023 Highlights 1 First Half 2023 Highlights BEIJING, China, August 29, 2023— (GLOBE NEWSWIRE) — 17 Education & Technology Group Inc. (NASDAQ: YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the second quarter of 2023. • Net revenues were RMB69.2 million (US$9.5 million), compared with net revenues o ...