Exhibit 99.1 17 Education & Technology Group Inc. Announces First Quarter 2024 Unaudited Financial Results BEIJING, China, June 6, 2024 — (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 first quarter of 2024. First Quarter 2024 Highlights 1 • Net revenues were RMB25.5 million (US$3.5 million), compared with net revenues of RMB9.3 million in the first qu ...