TAL Education Group Responds to Media Reports

Rhea-AI Summary

TAL Education Group (NYSE: TAL) acknowledges media reports about potential new regulations from PRC regulators concerning after-school tutoring services related to China's compulsory education. The company has not received any official notification regarding these regulations and refrains from commenting on market speculations. TAL is a leading provider of K-12 tutoring services across China, offering a range of educational solutions to enhance learning opportunities for students in primary and secondary education.

Positive

• None.

Negative

• Regulatory uncertainty regarding after-school tutoring may impact future operations.
• The company has not received official notification about the potential regulations, indicating lack of clarity in future business environment.

BEIJING, July 23, 2021 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a leading K-12 after-school tutoring services provider in China, today noted that certain English and Chinese language media outlets reported that the PRC regulators are considering a new set of regulations concerning after-school tutoring service related to school subjects taught in China's compulsory education system.  The regulations have not been published, and the Company has not received official notification of the regulations.  It's the Company's policy not to comment on market speculations.     

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

View original content:https://www.prnewswire.com/news-releases/tal-education-group-responds-to-media-reports-301340155.html

SOURCE TAL Education Group

FAQ

What did TAL Education Group announce on July 23, 2021?

TAL Education Group noted that PRC regulators are considering new regulations for after-school tutoring services, though no official notifications have been received.

How might the new regulations affect TAL Education Group?

The potential new regulations could impact TAL's operations in the after-school tutoring sector, creating regulatory uncertainty.

What is TAL's stock symbol?

TAL Education Group trades under the stock symbol 'TAL' on the New York Stock Exchange.

What services does TAL Education Group provide?

TAL offers K-12 after-school tutoring services across core academic subjects and competence-oriented programs.

How many cities does TAL operate in?

TAL Education Group's learning center network currently covers 110 cities in China.