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|TAL Education Group Has Increased Its Strategic Equity Stake in Shunshun Bida|
Shunshun Bida currently employees close to 1,000 professional consultants in 16 branches across
"We strive to offer students in
"Shunshun Bida and TAL share the same values and vision with regard to education. After a year's development, we feel honoured to become a member of the TAL group of education services. We will strengthen our cooperation and maintain steady growth to help make TAL a prominent global education group," Shunshun Bida management team said.
Transforming TAL into a global education brand is a long-term key strategic goal of the Company. TAL currently has several internationally oriented offerings, including the organic small class Lejiale English business that is specialized in exam-oriented English subject tutoring, the acquired Firstleap business which offers all-subject tutoring services in English to students aged two to fifteen, and another proprietary brand Lewaijiao which provides one-on-one English tutoring services from foreign teachers. Shunshun Bida, together with these other offerings, will fortify TAL's presence in the international education services market.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, quotations from management in this announcement, as well as TAL Education Group's strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its ability to continue to attract students to enroll in its courses; its ability to continue to recruit, train and retain qualified teachers; its ability to improve the content of its existing course offerings and to develop new courses; its ability to maintain and enhance its brand; its ability to maintain and continue to improve its teaching results; and its ability to compete effectively against its competitors. Further information regarding these and other risks is included in the Company's reports filed with, or furnished to the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and TAL Education Group undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.
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