Tarena Announces Appointment of Unbiased Economical Advisor and Authorized Counsel to the Distinctive Committee

BEIJING, Dec. 30, 2020 /PRNewswire/ — Tarena Global, Inc. (Nasdaq: TEDU) (“Tarena” or the “Firm”), a main provider of specialist training and K-12 education companies in China, nowadays declared that the specific committee (the “Special Committee”) of the Firm’s board of directors (the “Board”), shaped to evaluate and take into account the formerly declared preliminary non-binding acquisition proposal letter dated December 8, 2020 (the “Proposal”), has retained Duff & Phelps, LLC as its impartial financial advisor and Gibson, Dunn & Crutcher LLP as its U.S. lawful counsel to assist it in this process.

The Board cautions the Firm’s shareholders and other folks considering trading the Company’s securities that no decisions have been manufactured with respect to the Proposal. There can be no assurance that any definitive supply will be received, that any definitive settlement will be executed relating to the transaction contemplated by the Proposal, or that the transaction contemplated by the Proposal or any other similar transaction will be accepted or consummated. The Organization does not undertake any obligation to provide any updates with regard to any transaction, besides as required beneath relevant regulation.

About Tarena Intercontinental, Inc.

Tarena is a main provider of adult skilled training and K-12 education products and services in China. By its impressive schooling system combining are living length instruction, classroom-centered tutoring and on the web learning modules, Tarena gives adult professional education courses in IT and non-IT topics. Its grownup specialist education and learning classes supply learners with useful skills to prepare them for work opportunities in industries with major growth potential and solid selecting desire. Tarena also provides K-12 education applications, such as laptop coding and robotics programming courses, and many others., focusing on pupils aged amongst a few and eighteen.

Harmless Harbor Statement

This push release has forward-searching statements built less than the “risk-free harbor” provisions of Segment 21E of the Securities Trade Act of 1934, as amended, and the U.S. Personal Securities Litigation Reform Act of 1995. These ahead-seeking statements can be discovered by terminology these kinds of as “will,” “expects,” “anticipates,” “foreseeable future,” “intends,” “ideas,” “thinks,” “estimates,” “confident” and comparable statements. Tarena may possibly also make created or oral ahead-looking statements in its studies submitted with or furnished to the U.S. Securities and Exchange Commission, in its once-a-year report to shareholders, in push releases and other prepared elements and in oral statements built by its officers, administrators or staff members to fourth events. Any statements that are not historic facts, which include any enterprise outlook and statements about Tarena’s beliefs and anticipations, are forward-seeking statements. A lot of elements, threats and uncertainties could induce true success to vary materially from these in the forward-searching statements. Such variables and hazards incorporate, but not limited to the pursuing: Tarena’s aims and techniques its future business growth, economic affliction and final results of functions its ability to proceed to bring in college students to enroll in its classes its capability to go on to recruit, practice and keep skilled instructors and training assistants its capability to frequently tailor its curriculum to market desire and greatly enhance its classes to adequately and instantly react to developments in the professional occupation marketplace its capacity to maintain or enhance its brand name recognition, its capability to maintain large position placement price for its learners, and its skill to maintain cooperative interactions with funding provider vendors for university student loans. Further more details with regards to these and other dangers, uncertainties or elements is included in Tarena’s filings with the U.S. Securities and Trade Fee. All details presented in this push release is latest as of the day of the push launch, and Tarena does not undertake any obligation to update this kind of data, other than as necessary beneath relevant regulation.

Supply Tarena Intercontinental, Inc.