TAL Instruction Team Offers Updates on Business enterprise Functions

BEIJING, Nov. 12, 2021 /PRNewswire/ — TAL Schooling Team (“TAL” or the “Organization”) (NYSE: TAL), a leading K-12 just after-college tutoring solutions supplier in China, today delivered updates on the Firm’s small business operations in response to the the latest regulatory developments relating to immediately after-school tutoring products and services, together with the Thoughts on Further Assuaging the Burden of Research and After-College Tutoring for College students in Obligatory Education and learning, posted in July 2021 by the Basic Business office of the CPC Central Committee and the Standard Workplace of the Condition Council (the “Feeling”) and the similar implementation principles, polices and measures promulgated by capable authorities.

In compliance with the Feeling and applicable policies, rules and actions, the Firm programs to cease featuring academic topics to learners from kindergarten as a result of grade 9 (“K9 Tutorial AST Services”) in the mainland of China by the close of December 2021. The Company expects that the cessation will have a substantial adverse effect on the Firm’s revenues for the fiscal calendar year ending February 28, 2022 and subsequent intervals. In the fiscal year ended February 28, 2021, the revenues from presenting K9 Academic AST Expert services accounted for a sizeable the greater part of the Firm’s complete revenues in the yr.

By leveraging its leading-edge education and learning technological innovation, high excellent content material and comprehensive knowledge, TAL will carry on to function and produce the part of its organization that is not linked to K9 Tutorial AST Services, and will also examine other possibilities to provide education and learning products and services in accordance with relevant regulations and laws.

The Company will carry on to seek out direction from and cooperate with govt authorities in various provinces and municipalities in China in link with its initiatives to comply with the policy directives in the Opinion and any connected implementation regulations, laws and steps. The Company will more modify its business enterprise operations as needed, and update its shareholders as correct.

Harmless Harbor Assertion

This announcement contains forward-searching statements. These statements are created under the “risk-free harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-on the lookout statements can be identified by terminology such as “will,” “expects,” “anticipates,” “upcoming,” “intends,” “programs,” “thinks,” “estimates” and very similar statements. The Company may also make written or oral ahead-searching statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its yearly studies to shareholders, in press releases and other written products and in oral statements manufactured by its officers, directors or staff members to 3rd events. Statements that are not historic facts, like statements about the Company’s beliefs and anticipations, are forward-wanting statements. Forward-wanting statements involve inherent hazards and uncertainties. Data regarding these dangers and uncertainties is integrated in the Company’s experiences submitted with, or furnished to the U.S. Securities and Exchange Fee. All info presented in this press launch is as of the date of this press launch, and TAL Education Team undertakes no responsibility to update these types of details or any forward-wanting statement, apart from as expected underneath relevant law.

About TAL Education Team

TAL Education and learning Team is a major K-12 following-university tutoring services service provider in China. The acronym “TAL” stands for “Tomorrow Advancing Daily life”, which demonstrates our eyesight to advertise best discovering alternatives for Chinese students by both equally substantial-good quality training and information, as very well as main edge software of know-how in the education and learning encounter. TAL Instruction Team presents comprehensive tutoring solutions to pupils from pre-university to the twelfth quality via a few flexible course formats: compact courses, personalized top quality products and services, and on line courses. Our tutoring providers protect the main tutorial subjects in China’s faculty curriculum as perfectly as competence oriented systems. Our ADSs trade on the New York Inventory Trade below the symbol “TAL”.

For even more facts, make sure you get hold of:

Echo Yan
Trader Relations
TAL Education Team
Tel: +86 10 5292 6669-8809
E mail: [email protected]

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