NEW YORK--(BUSINESS WIRE)--Citi�s Issuer Services, acting through Citibank, N.A., has been appointed by Zhangmen Education Inc. (�Zhangmen�), a leading online education company in China focused on providing personalized online courses to students between the ages of 3 and 18, as the depositary bank for its American Depositary Shares (ADS) program.

Zhangmen�s program was established in connection with an approximately $48 million initial public offering of its ADSs (inclusive of the over-allotment option), priced at $11.50 per ADS. The ADSs are listed on the New York Stock Exchange under the symbol �ZME�. Each ADS represents 9 Class A ordinary shares of Zhangmen. As a single-listed ADS program, the underlying ordinary shares are not listed or publicly traded in the issuer�s home market.

�Citi is committed to providing Zhangmen and its investors with the highest quality ADS services,� said Dirk Jones, Head of Global Issuer Services at Citi. �Our selection as depositary bank for Zhangmen�s ADS program underscores our global capabilities and industry leading position in this space.�

Citi is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors.

For more information about Citi�s Depositary Receipt Services, please visit www.citi.com/dr.

Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

Contacts

Patricia Tuma

Citi Global Public Affairs

[email protected]