To recover as a member of the Settlement Class based on your claims in the class action entitled Wu v. GSX Techedu, Inc., et al.. Case No. 2:20-cv-04457-MEF-JRA (D.N.J.) (the “Litigation”), you must complete and sign the Proof of Claim and Release Form (“Claim Form”). If you fail to submit a timely and properly addressed (as explained below) Claim Form, your claim may be rejected and you may not receive any recovery from the Net Settlement Fund created in connection with the proposed Settlement.
Submission of the Claim Form, however, does not assure that you will share in the proceeds of the Settlement of the Action.
THE CLAIM FORM MUST BE SUBMITTED ONLINE NO LATER THAN MAY 30, 2026 OR, IF MAILED, BE POSTMARKED NO LATER THAN MAY 30, 2026, ADDRESSED AS FOLLOWS:
GSX Securities Settlement
c/o JND Legal Administration
P.O. Box 91131
Seattle, WA 98111
If you are a member of the Settlement Class, and you do not timely request exclusion from the Settlement Class in response to the Notice dated March 12, 2026, you are bound by the terms of any judgment entered in the Action, including the releases provided therein, WHETHER OR NOT YOU SUBMIT A CLAIM FORM OR RECEIVE A PAYMENT. RECEIPT OF THE CLAIM FORM DOES NOT MEAN YOU ARE A MEMBER OF THE SETTLEMENT CLASS.
Need help? If you have questions concerning the Claim Form or need assistance in filling out the Claim Form, you may contact the Claims Administrator at the above mailing address, by email at info@GSXSecuritiesSettlement.com, or by toll-free phone at (855) 779-3369. 该索赔表格的中文版本可在网站上获取.
CLAIMANT IDENTIFICATION
You are eligible to file a claim, or have a legal representative file a claim for you, if you are a member of the Settlement Class, which is: all persons and entities that purchased or otherwise acquired the publicly-traded American Depositary Shares (“ADSs”), evidenced by American Depositary Receipts (“ADRs”), of GSX Techedu, Inc. n/k/a Gaotu Techedu Inc. (“GSX” or the “Company”) (“GSX Securities”) from June 6, 2019 through October 20, 2020 inclusive (the “Class Period”), including those who purchased ADSs in or traceable to the Company’s initial public offering on or about June 6, 2019 (the “IPO”), or GSX’s secondary public offering on or about November 20, 2019 (the “SPO”), and were damaged thereby. Excluded from the Settlement Class are: (i) Defendants; (ii) members of the Immediate Families of the Individual Defendants and the directors and officers of GSX; (iii) any person who was an officer or director of GSX during the Class Period; (iv) any firm, trust, corporation, or other entity in which any Defendant has or had a controlling interest; (v) the Company’s employee retirement and benefit plan(s), if any, and their participants or beneficiaries; (vi) the legal representatives, affiliates, subsidiaries, parents, heirs, heirs apparent, beneficiaries, successors-in-interest, or assigns of any such excluded person or entity in (i)-(v), in their respective capacity as such; (vii) Judge Michael E. Farbiarz, Judge Esther Salas, Magistrate Judge Jose R. Almonte, and their current or former chambers staff, and any of their family members; and (viii) any persons or entities who or which exclude themselves by submitting a timely and valid request for exclusion that is accepted by the Court.
The “Owner” of the GSX Securities should be identified in the “CLAIMANT INFORMATION” section of the Claim Form. The Owner listed in this section should be the “beneficial owner(s)” of the GSX Securities, that is the person who ultimately controlled or benefited from ownership of the stock. Many investors hold their securities indirectly through a bank, broker-dealer, or other financial advisor or financial platform. In those cases, the investor is considered the beneficial owner (the “Owner”), while the bank, broker or financial advisor is considered the registered owner. The beneficial owner(s) (the “Owners”) must sign the Claim Form.
Use the “CLAIMANT INFORMATION” section of the Claim Form to identify each Owner of GSX Securities whose ownership forms the basis of the claim. THE CLAIM MUST BE FILED BY THE ACTUAL OWNER(S) OR THE LEGAL REPRESENTATIVE OF SUCH OWNER(S). All joint Owners must sign the claim.
IDENTIFICATION OF TRANSACTIONS
Use the section of the Claim Form entitled “SCHEDULE OF TRANSACTIONS IN GSX SECURITIES” to supply all required details of your transaction(s) in GSX Securities. If you are submitting the form by mail and need more space or additional schedules, attach separate sheets giving all of the required information in substantially the same form. Sign and print or type your name on each additional sheet.
On the schedules, provide all of the requested information with respect to: (i) your holdings of GSX Securities at the relevant times; and (ii) all of your purchases, acquisitions and sales of GSX Securities at the relevant times, whether such transactions resulted in a profit or a loss. Failure to report all such transactions may result in the rejection of your claim.
Documentation. You are required to submit genuine and sufficient documentation for all of your transactions in and holdings of GSX securities set forth in the “SCHEDULE OF TRANSACTIONS IN GSX SECURITIES” section. Documentation may consist of copies of account statements, transaction reports or confirmations, or any other authorized statements prepared by your broker, financial advisor, online trading platform, or other financial institution through which you purchased or held your GSX securities. For purchases, acquisitions, and sales, the documentation must show the number of shares traded, the purchase or sale price, and the date. A screenshot of an online trading platform that shows all of the required information and the name of the owner of the account will be acceptable. Failure to provide the documentation could delay verification of your claim or result in rejection of your claim. THE CLAIMS ADMINISTRATOR DOES NOT HAVE INFORMATION ABOUT YOUR TRANSACTIONS IN GSX SECURITIES.
If such documents are not in your possession, please obtain copies of these documents for your financial institution. Self-created documents are not sufficient. Failure to supply this documentation may result in the rejection of your claim. Please do not send original documents, as they will not be returned. Please keep a copy of all documents that you send to the Claims Administrator.
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