TAL Education Group Cancels Scheduled Earnings Release and Earnings Call

Rhea-AI Summary

TAL Education Group (NYSE: TAL), a prominent K-12 after-school tutoring service provider in China, announced the cancellation of its earnings release for the first quarter of fiscal year 2022 due to recent regulatory developments. The previously scheduled earnings conference call on August 5, 2021, will also not take place, with further updates promised at a later date. This decision follows increasing scrutiny in China's education sector, impacting the company's operational transparency and investor confidence.

Positive

• None.

Negative

• Cancellation of first quarter earnings release due to regulatory issues.
• No earnings conference call scheduled, which may lead to uncertainty among investors.
• Potential negative implications from increased regulatory scrutiny in China's education sector.

BEIJING, July 30, 2021 /PRNewswire/ -- TAL Education Group ("TAL" or the "Company") (NYSE: TAL), a leading K-12 after-school tutoring services provider in China, today announced that in light of the recent regulatory developments, it will cancel the earning release for the first quarter of fiscal year 2022, as well as the corresponding earnings conference call and live webcast previously scheduled at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing Time) on Thursday, August 5, 2021. The Company will provide further updates at an appropriate time in the future.

About TAL Education Group

TAL Education Group is a leading K-12 after-school tutoring services provider in China. The acronym "TAL" stands for "Tomorrow Advancing Life", which reflects our vision to promote top learning opportunities for Chinese students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive tutoring services to students from pre-school to the twelfth grade through three flexible class formats: small classes, personalized premium services, and online courses. Our tutoring services cover the core academic subjects in China's school curriculum as well as competence oriented programs. The Company's learning center network currently covers 110 cities. We also operate www.jzb.com, a leading online education platform in China. Our ADSs trade on the New York Stock Exchange under the symbol "TAL".

For further information, please contact:

Echo Yan
Investor Relations
TAL Education Group
Tel: +86 10 5292 6658
Email: ir@tal.com

Caroline Straathof
IR Inside
Tel: +31 6 5462 4301
Email: info@irinside.com

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SOURCE TAL Education Group

FAQ

Why did TAL Education Group cancel its earnings release scheduled for August 5, 2021?

TAL Education Group canceled its earnings release due to recent regulatory developments impacting the Chinese education sector.

What impact does TAL's cancellation of its earnings call have on investors?

The cancellation may lead to uncertainty and concern among investors regarding the company's financial performance and regulatory compliance.

When will TAL Education Group provide updates following the cancellation of its earnings release?

TAL has stated that it will provide further updates at an appropriate time in the future.