EXHIBIT L L-1 Possible Timeline for Infusion of Funds by Sequoia Into VIPKID Kobe Bryant Invests in CKGSB Alumna’S Company VIPKID - CKGSB 2/11/21, 5:18 PM

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EXHIBIT L L-1 Possible Timeline for Infusion of Funds by Sequoia Into VIPKID Kobe Bryant Invests in CKGSB Alumna’S Company VIPKID - CKGSB 2/11/21, 5:18 PM EXHIBIT L L-1 Possible timeline for infusion of funds by Sequoia into VIPKID Kobe Bryant Invests in CKGSB Alumna’s Company VIPKID - CKGSB 2/11/21, 5:18 PM local and global experience prepared her well to start her own business, VIPKID, which Mi founded in 2013. She later joined CKGSB’s Chuang Community, a start-up incubator that was founded in 2015 by CKGSB Associate Dean Liu Jing together with five well-known CKGSB alumni. VIPKID’s Financing Milestones: Angel round: December 2013, 3 million RMB, from Innovation Works; A round: October 2014, 5 million USD, from MatrixPartners China, followed by Innovation Works and Sequoia Capital. B round: October 2015, 20 million USD, from Northern Light Venture Capital, MatrixPartners China, Sequoia Capital and Innovation Works. C round: August 2016, $100 million, from Sequoia Capital and Jack Ma’s Yunfeng Capital. About VIPKID: Founded in 2013, VIPKID’s mission is to provide the North American elementary school experience to Chinese children – all from the comfort of their home. The company’s sophisticated virtual classroom streams native English-speaking teachers into Chinese homes, linking the world through education. CEO Cindy Mi (left) along with her VIPKID co-founders https://english.ckgsb.edu.cn/new/kobe-bryant-invests-in-ckgsb-alumnas-company-vipkid-2/ Page 4 of 5 L-2: Sequoia describes its “ethos” on its website People Build Companies Sequoia, 1972 and beyond The creative spirits. The underdogs. The resolute. The determined. The outsiders. The defiant. The independent thinkers. The fighters and the true believers. These are the founders with whom we partner. They’re extremely rare. And we’re ecstatic when we find them. We partner early—sometimes when a company is no more than an idea. We know these crucial first decisions can have an exponential influence on the curve of success. Our style is not for everyone. We push when we see potential. We are direct. Some don’t like our approach. Most who know us do. Our team mirrors the founders with whom we partner: hungry overachievers with a deep-rooted need to win. Many come from humble backgrounds. Many are immigrants. Many formed or built companies of their own before joining Sequoia. Each shares the mindset of an entrepreneur, and knows what it means to walk that path. We value teamwork over showmanship. Our contribution to a company always comes from several of us working together. We’re skittish about the first person singular, and don’t care to see our names in the press. Our team is small. We prefer a few people with diverse strengths focused on a small number of companies, and we are always mindful of lessons learned -- some painfully -- that are eternal truths. Our network is strong. Our advantage comes from four decades of legendary founders helping each other. Long ago we made nonprofits the backbone of our limited partner base. Working for these charities brings intense meaning to what we do. It gives us a heightened sense of responsibility. L-3 Examples of LinkedIn Profiles featuring Sequoia representatives in New York Nashilu Mouen Makoua | LinkedIn 2/4/21, 10:59 PM ⚡ ✌ Get the applicants you need for free Message Nashilu Mouen Makoua · 3rd Clay.run at Clay.run University of California, People also viewed New York, New York, United States · 500+ connections · Berkeley Contact info Angela Courtin •3rd Vice President, YouTube Marketing Global Head … About Making stories of spreadsheets at Clay.run. Product of all things SouthSearch London. We're hiring brilliant people - [email protected] Home https://www.linkedin.com/in/nashilu/ Page 1 of 7 # Nashilu Mouen Makoua | LinkedIn 2/4/21, 10:59 PM Yuzuki Nagakoshi, Scout Ph.D., J.D. Sequoia Capital Visiting Professional at 2020 – Present · 1 yr the International Crimin… The Internets Angel investing in phenomenal founders & (of course) bringing good vibes. René Morency J.D. M.B.A. LL.M. It's always been Corporate, Tax, and about people Estate Planning Attorne… Renee Gordon Licensed Florida Attorney Investor specializing in juvenile… First Round Capital 2018 – 2020 · 2 yrs New York, New York, United States Nadia Jeiroudi J.D. Candidate at Investing in phenomenal founders & bringing good vibes. University of Michigan… The Longstanding Influence of No Code … Lakshmi, learn what hiring managers Investor look for in answers to top interview Dorm Room Fund 2016 – 2018 · 2 yrs questions New York, New York Investing in phenomenal (student) founders & bringing good vibes. First Round-backed student Do you have any questions fund. for me? https://www.linkedin.com/in/nashilu/ Page 3 of 7 Brad Menezes | LinkedIn 2/4/21, 10:59 PM Posts Brad created, shared, or commented on in the last 90 days are displayed here. Kaitlyn Yong •3rd Product @Credit Karma | See all activitySearch HomeScout @Sequoia | Advis… Brad Menezes Message More… Priyanshi Gupta ExperienceSenior Director of Product at Datadog | Sequoia Capital Scout •3rd Product Manager at Senior Director of Product Management Datadog Datadog Feb 2017 – Present · 4 yrs 1 mo Miranda Kapin New York •3rd Led the APM (Application Performance Monitoring) product and business from zero to market Senior Product Manager leader in 4 years. at Datadog Dash 2020 Keynote: Dash'18 Keynote: APM Live Search… Trace Search &… Scout People you may know Sequoia Capital Taher Benany Jul 2019 – Present · 1 yr 8 mos University of Michigan New York Law School Grotius… Angel investor. I invest only in enterprise software startups, period. Yuzuki Nagakoshi, Ph.D., J.D. Visiting Professional at the International Crimin… https://www.linkedin.com/in/bradmenezes/ Page 2 of 6 Daniel Hanover WE'RE HIRING | LinkedIn 2/4/21, 10:57 PM Search Home Attorney Needed ASAP - Crucial need for a local attorney in your area. View new cases now! Ad Lakshmi, explore jobs at Foerster LLP Message Daniel Hanover WE'RE HIRING · 3rd Dandy Co-Founder at Dandy The Wharton School People also viewed New York, New York, United States · 500+ connections · Contact info Samir Vasavada •3rd Co-Founder & CEO @ Vise About Deleting headaches for everyone https://www.linkedin.com/in/danielmhanover/ Page 1 of 5 Daniel Hanover WE'RE HIRING | LinkedIn 2/4/21, 10:57 PM Danielle Sobel Activity •3rd Founder & CEO @ Dandy 651 followers - We're Hiring!! [email protected] Daniel commented Jonathan Struhl •3rd General Partner at See all activity Indicator Ventures Leor Massachi Experience •3rd Co-Founder at Zoom Co-Founder University Dandy May 2016 – Present · 4 yrs 10 mos Grant G. Greater Philadelphia Area •3rd www.meetdandy.com Stanford ‘22 | Sequoia Capital | Cardinal… Ambassador Sequoia Capital Aug 2018 – Present · 2 yrs 7 mos People you may know Associate Product Manager Google Taher Benany 2018 · less than a year University of Michigan Mountain View, CA Law School Grotius… https://www.linkedin.com/in/danielmhanover/ Page 2 of 5 Jasmine Stoy | LinkedIn 2/4/21, 10:56 PM Search Attorney Needed ASAP - Crucial need for a local attorney in your area. View new cases now! Message Jasmine Stoy · 3rd Facebook Product Manager at Facebook University of California, New York, New York, United States · 500+ connections · Berkeley Contact info About Twitter: @jcstoy Activity 1,466 followers Posts Jasmine created, shared, or commented on in the last 90 days are displayed here. See all activity https://www.linkedin.com/in/jasmine-stoy-45a93328/ Page 1 of 4 Jasmine Stoy | LinkedIn 2/4/21, 10:56 PM Experience Product Manager Facebook Aug 2016 – Present · 4 yrs 7 mos Menlo Park, CA Teams: Entertainment & Music Facebook Live Sharing Growth Profile Direct Response Ads - Product and Travel (Formerly part of the Rotational Product Manager Program.) Ambassador Sequoia Capital Aug 2015 – Present · 5 yrs 7 mos Responsible for Sequoia related inquiries. Design Fellow Bayes Impact Jul 2016 – Sep 2016 · 3 mos Worked with Oakland Police Department on early stage design mockups. Police use-of-force data is finally coming … https://www.linkedin.com/in/jasmine-stoy-45a93328/ Page 2 of 4 L-4 Excerpts about VIPKID from Sequoia’s Website Sequoia - What is the Next Big Thing in China 2/11/21, 6:41 PM The next big thing 现场提问:What is the next big thing in China? Neil:⼈⼯智能绝对是⼀个⾮常重要的⽅向。你可以观察⼀下今⽇头条、VIPKID这些快速成长的消费互 联⽹公司,他们在产品中都使⽤了先进的⼈⼯智能技术,为⽤户提供了更好的使⽤体验,提供了个性化 服务。事实上,每⼀个科技公司都应该有⼈⼯智能的能⼒,否则可能会在市场竞争中⾮常被动。 另⼀⽅⾯,中国企业级服务市场的潜⼒也是巨⼤的。劳动⼒成本在过去5-10年发⽣了⾮常⼤的变化, 那些应⽤可以帮企业⼤⼤地节省成本。在市场竞争越来越激烈的今天,这些产品会让你的企业更加具有 竞争⼒。 https://www.sequoiacap.com/article/big-thing Page 7 of 7 Sequoia - Zhou Kui: Sequoy China How to Stay on Top 2/11/21, 6:30 PM Zhou Kui: Sequoy China How to Stay on Top 36KR The latest big deal disclosed by Sequoia Capital China Fund was the D round of financing led by VIPKID, an online children's English institution, in late August, with a financing amount of up to 200 million US dollars, setting a global K12 online education financing record. Shen Nanpeng, global managing partner of Sequoia Capital, said at the press conference that Sequoia China has invested in VIPKID four consecutive times from round A to round D, which represents Sequoia China's most important investment strategy: to be the earliest and most important investor in top high-growth enterprises. As of September 2017, the total management funds of Sequoia Capital China Fund are about 80 billion yuan, and according to third-party statistics, the total market value of listed! companies in its portfolio has reached 2.6 trillion yuan. https://www.sequoiacap.com/article/stay-on-top Page 1 of 17 Sequoia - Zhou Kui: Sequoy China How to Stay on Top 2/11/21, 6:30 PM more and more e-commerce. After Alibaba JD.com brought a very good shopping experience, the "catering" has also been e- commerceized.
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