Classroom of the Elite is a popular light novel series which is created by Syougo Kinugasa. In 2017, the Light Novel got adapted into an anime series with the same name. Well, after 4 years the creators of the anime announce that the series is going to get a sequel.
On the official website of the Classroom of the Elite, they announce the sequel. Furthermore, they also write that more details will be announced on 6th March 2022. In celebration of the anime sequel, the illustrator of the Classroom of the Elite published an illustration (you can see it below).

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According to the current information, on 6th March a special live stream event will happen on the official YouTube channel of Kodansha. In that event, the voice actors of the anime will participate or even host the show.
The Classroom of the Elite light novels was released in 2015. Seven Seas Entertainment is an English translator of the light novel and distributor in the west. Below you can read the synopsis of the story:
Students of the prestigious Tokyo Metropolitan Advanced Nurturing High School are given remarkable freedom—if they can win, barter, or save enough points to work their way up the ranks! Ayanokoji Kiyotaka has landed at the bottom in the scorned Class D, where he meets Horikita Suzune, who’s determined to rise up the ladder to Class A. Can they beat the system in a school where cutthroat competition is the name of the game?
Seven Seas Entertainment
Source: Anime News Network