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51Talk Online Education Group – ‘20-F’ for 12/31/22 – ‘EX-16.1’

On:  Thursday, 4/6/23, at 9:09am ET   ·   For:  12/31/22   ·   Accession #:  1104659-23-42489   ·   File #:  1-37790

Previous ‘20-F’:  ‘20-F’ on 5/2/22 for 12/31/21   ·   Next & Latest:  ‘20-F’ on 4/29/24 for 12/31/23   ·   10 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/06/23  51Talk Online Education Group     20-F       12/31/22  117:14M                                    Toppan Merrill/FA

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual or Annual-Transition Report by a Foreign     HTML   3.24M 
                Non-Canadian Issuer                                              
 2: EX-2.6      Plan of Acquisition, Reorganization, Arrangement,   HTML    123K 
                Liquidation or Succession                                        
 3: EX-4.10     Instrument Defining the Rights of Security Holders  HTML    181K 
 4: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     33K 
 7: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     34K 
 8: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     34K 
 5: EX-12.1     Statement re: the Computation of Ratios             HTML     36K 
 6: EX-12.2     Statement re: the Computation of Ratios             HTML     37K 
 9: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     33K 
10: EX-15.2     Letter re: Unaudited Interim Financial Info         HTML     33K 
11: EX-15.3     Letter re: Unaudited Interim Financial Info         HTML     34K 
12: EX-15.4     Letter re: Unaudited Interim Financial Info         HTML     32K 
13: EX-15.5     Letter re: Unaudited Interim Financial Info         HTML     32K 
14: EX-16.1     Letter re: a Change in Accountant                   HTML     32K 
20: R1          Document and Entity Information                     HTML    106K 
21: R2          Consolidated Balance Sheets                         HTML    172K 
22: R3          Consolidated Balance Sheets (Parenthetical)         HTML     40K 
23: R4          Consolidated Statements of Comprehensive            HTML    141K 
                Income/(Loss)                                                    
24: R5          Consolidated Statements of Shareholders' (Deficit   HTML    110K 
                )/Equity                                                         
25: R6          Consolidated Statements of Cash Flows               HTML    153K 
26: R7          Operations and Reorganization                       HTML    154K 
27: R8          Significant Accounting Policies                     HTML    147K 
28: R9          Risks and Concentration                             HTML     41K 
29: R10         Discontinued operation                              HTML    111K 
30: R11         Prepaid expenses and other current assets           HTML     51K 
31: R12         Property and equipment, net                         HTML     47K 
32: R13         Intangible assets, net                              HTML     54K 
33: R14         Operating Leases                                    HTML     78K 
34: R15         Accrued expenses and other current liabilities      HTML     47K 
35: R16         Taxation                                            HTML    149K 
36: R17         Ordinary shares                                     HTML     43K 
37: R18         Share-based Compensation                            HTML    141K 
38: R19         Net income/(loss) per share                         HTML     78K 
39: R20         Commitments and contingencies                       HTML     48K 
40: R21         Related party transactions                          HTML     65K 
41: R22         Profit appropriation and restricted net assets      HTML    170K 
42: R23         Segment Information                                 HTML     59K 
43: R24         Subsequent events                                   HTML     35K 
44: R25         Significant Accounting Policies (Policies)          HTML    210K 
45: R26         Operations and Reorganization (Tables)              HTML    141K 
46: R27         Significant Accounting Policies (Tables)            HTML     80K 
47: R28         Discontinued operation (Tables)                     HTML    105K 
48: R29         Prepaid expenses and other current assets (Tables)  HTML     51K 
49: R30         Property and equipment, net (Tables)                HTML     45K 
50: R31         Intangible assets, net (Tables)                     HTML     54K 
51: R32         Operating Leases (Tables)                           HTML     81K 
52: R33         Accrued expenses and other current liabilities      HTML     46K 
                (Tables)                                                         
53: R34         Taxation (Tables)                                   HTML    145K 
54: R35         Share-based Compensation (Tables)                   HTML    128K 
55: R36         Net income/(Loss) Per Share (Tables)                HTML     75K 
56: R37         Commitments and contingencies (Tables)              HTML     44K 
57: R38         Related party transactions (Tables)                 HTML     57K 
58: R39         Profit appropriation and restricted net assets      HTML    168K 
                (Tables)                                                         
59: R40         Segment Information (Tables)                        HTML     52K 
60: R41         Operations and Reorganization (Details)             HTML     51K 
61: R42         Operations and Reorganization - History of the      HTML     43K 
                Group and Basis of Presentation for the                          
                Reorganization (Details)                                         
62: R43         Operations and Reorganization - Risks in relation   HTML    171K 
                to the VIE structure (Details)                                   
63: R44         Operations and Reorganization - Liquidity and       HTML     52K 
                going concern (Details)                                          
64: R45         Significant Accounting Policies - Comparability     HTML     33K 
                and Reclassification Adjustment (Details)                        
65: R46         Significant Accounting Policies - Expected Credit   HTML     32K 
                Losses (Details)                                                 
66: R47         Significant Accounting Policies - Long-lived        HTML     45K 
                assets (Details)                                                 
67: R48         Significant Accounting Policies - Revenues          HTML     40K 
                disaggregated by location of students (Details)                  
68: R49         Significant Accounting Policies - Revenue           HTML     58K 
                recognition (Details)                                            
69: R50         Significant Accounting Policies - Sales and         HTML     33K 
                marketing expenses (Details)                                     
70: R51         Significant Accounting Policies - Operating leases  HTML     35K 
                (Details)                                                        
71: R52         Significant Accounting Policies - Share-based       HTML     44K 
                compensation (Details)                                           
72: R53         Significant Accounting Policies - Employee          HTML     40K 
                benefits (Details)                                               
73: R54         Significant Accounting Policies - Taxation          HTML     38K 
                (Details)                                                        
74: R55         Significant Accounting Policies - Treasury stock    HTML     42K 
                (Details)                                                        
75: R56         Significant Accounting Policies - Statutory         HTML     41K 
                reserves (Details)                                               
76: R57         Risks and concentration - Credit risk (Details)     HTML     47K 
77: R58         Risks and Concentration - Concentration of foreign  HTML     38K 
                currency risks (Details)                                         
78: R59         Risks and Concentration - Foreign currency          HTML     34K 
                exchange rate risks (Details)                                    
79: R60         Discontinued operation - Additional Information     HTML     46K 
                (Details)                                                        
80: R61         Discontinued operation - Discontinued operation     HTML    103K 
                balance sheets (Details)                                         
81: R62         Discontinued operation - Discontinued operation     HTML     44K 
                cash flows (Details)                                             
82: R63         Discontinued operation - Discontinued operation     HTML     75K 
                consolidated operations income loss (Details)                    
83: R64         Prepaid expenses and other current assets           HTML     56K 
                (Details)                                                        
84: R65         Property and equipment, net (Details)               HTML     48K 
85: R66         Intangible assets, net (Details)                    HTML     48K 
86: R67         Intangible assets, net - Future amortization        HTML     44K 
                expense (Details)                                                
87: R68         Operating Leases (Details)                          HTML     42K 
88: R69         Operating Leases - Maturities of lease liabilities  HTML     41K 
                (Details)                                                        
89: R70         Operating Leases - Lease terms and discount rates   HTML     35K 
                (Details)                                                        
90: R71         Operating Leases - Supplemental information         HTML     35K 
                (Details)                                                        
91: R72         Accrued expenses and other current liabilities      HTML     46K 
                (Details)                                                        
92: R73         Taxation - Income taxes (Details)                   HTML     73K 
93: R74         Taxation - PRC Withholding Tax on Dividends         HTML     38K 
                (Details)                                                        
94: R75         Taxation - Income tax expenses (Details)            HTML     59K 
95: R76         Taxation - Tax holiday effect (Details)             HTML     32K 
96: R77         Taxation - Reconciliation of statutory tax rate     HTML     48K 
                and effective tax rate (Details)                                 
97: R78         Taxation - Deferred Tax Assets and Liabilities      HTML     67K 
                (Details)                                                        
98: R79         Taxation - Movement of Valuation Allowance          HTML     37K 
                (Details)                                                        
99: R80         Ordinary shares (Details)                           HTML     83K 
100: R81         Share-based Compensation - General (Details)        HTML    103K  
101: R82         Share-based Compensation - Valuation (Details)      HTML     50K  
102: R83         Share-based Compensation - Activity (Details)       HTML    100K  
103: R84         Share-based Compensation - RSUs (Details)           HTML     55K  
104: R85         Net income/(Loss) Per Share (Details)               HTML     85K  
105: R86         Commitments and contingencies (Details)             HTML     40K  
106: R87         Related party transactions - Material related       HTML     52K  
                party transactions (Details)                                     
107: R88         Profit appropriation and restricted net assets      HTML     38K  
                (Details)                                                        
108: R89         Profit appropriation and restricted net assets -    HTML    137K  
                Condensed Balance Sheets (Details)                               
109: R90         Profit appropriation and restricted net assets -    HTML    110K  
                Condensed Statements of Operations and                           
                Comprehensive Income/(Loss) (Details)                            
110: R91         Profit appropriation and restricted net assets -    HTML     72K  
                Condensed Cash Flows (Details)                                   
111: R92         Segment Information - Geographical location         HTML     42K  
                (Details)                                                        
112: R93         Subsequent events (Details)                         HTML     39K  
115: XML         IDEA XML File -- Filing Summary                      XML    211K  
113: XML         XBRL Instance -- coe-20221231x20f_htm                XML   3.19M  
114: EXCEL       IDEA Workbook of Financial Reports                  XLSX    205K  
16: EX-101.CAL  XBRL Calculations -- coe-20221231_cal                XML    256K 
17: EX-101.DEF  XBRL Definitions -- coe-20221231_def                 XML   1.03M 
18: EX-101.LAB  XBRL Labels -- coe-20221231_lab                      XML   1.91M 
19: EX-101.PRE  XBRL Presentations -- coe-20221231_pre               XML   1.46M 
15: EX-101.SCH  XBRL Schema -- coe-20221231                          XSD    256K 
116: JSON        XBRL Instance as JSON Data -- MetaLinks              594±   957K  
117: ZIP         XBRL Zipped Folder -- 0001104659-23-042489-xbrl      Zip    769K  


‘EX-16.1’   —   Letter re: a Change in Accountant


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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Exhibit 16.1

April 6, 2023

Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

Commissioners:

We have read the statements made by 51Talk Online Education Group (formerly: China Online Education Group) (copy attached), which we understand will be filed with the Securities and Exchange Commission, pursuant to Item 16F of the Annual Report on Form 20-F for the year ended December 31, 2022 of 51Talk Online Education Group dated April 6, 2023. We agree with the statements concerning our Firm contained therein.

Very truly yours,

/s/ PricewaterhouseCoopers Zhong Tian LLP

Beijing, the People’s Republic of China



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘20-F’ Filing    Date    Other Filings
Filed on:4/6/236-K
For Period end:12/31/22
 List all Filings 


6 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/29/24  51Talk Online Education Group     20-F       12/31/23  117:14M                                    Toppan Merrill/FA
 3/20/24  SEC                               UPLOAD4/17/24    2:39K  51Talk Online Education Group
 2/14/24  SEC                               UPLOAD4/17/24    2:44K  51Talk Online Education Group
11/06/23  SEC                               UPLOAD4/17/24    2:57K  51Talk Online Education Group
 8/28/23  51Talk Online Education Group     S-8         8/28/23    5:98K                                    Toppan Merrill/FA
 8/07/23  SEC                               UPLOAD4/17/24    2:68K  51Talk Online Education Group


4 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/30/22  51Talk Online Education Group     6-K         9/30/22    3:279K                                   Toppan Merrill/FA
 9/02/16  51Talk Online Education Group     S-8         9/02/16    4:620K                                   Toppan Merrill/FA
 5/27/16  51Talk Online Education Group     F-1/A                 14:6.7M                                   Toppan Merrill-FA
 5/12/16  51Talk Online Education Group     F-1                   29:8.8M                                   Toppan Merrill-FA
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Filing Submission 0001104659-23-042489   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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