Tarena Announces Appointment of Unbiased Monetary Advisor and Authorized Counsel to the Specific Committee

Jan 07, 2021 3:04 PM ET Legal Newswire Run BY Legislation.COM Tarena International, Inc, a primary provider of qualified instruction and K-12 schooling solutions in China, today declared that the distinctive committee (the “Distinctive Committee”) of the Firm’s board of directors (the “Board”), fashioned to examine and take into account the beforehand […]

Jan 07, 2021 3:04 PM ET

Legal Newswire Run BY Legislation.COM

Tarena International, Inc, a primary provider of qualified instruction and K-12 schooling solutions in China, today declared that the distinctive committee (the “Distinctive Committee”) of the Firm’s board of directors (the “Board”), fashioned to examine and take into account the beforehand announced preliminary non-binding acquisition proposal letter dated December 8, 2020 (the “Proposal”), has retained Duff & Phelps, LLC as its unbiased monetary advisor and Gibson, Dunn & Crutcher LLP as its U.S. lawful counsel to aid it in this process.

The Board cautions the Firm’s shareholders and other folks taking into consideration buying and selling the Firm’s securities that no conclusions have been made with respect to the Proposal. There can be no assurance that any definitive provide will be received, that any definitive arrangement will be executed relating to the transaction contemplated by the Proposal, or that the transaction contemplated by the Proposal or any other identical transaction will be accepted or consummated. The Business does not undertake any obligation to deliver any updates with regard to any transaction, other than as needed beneath applicable regulation.

About Tarena Intercontinental, Inc.

Tarena is a primary supplier of adult qualified education and learning and K-12 schooling services in China. As a result of its modern training platform combining stay distance instruction, classroom-based tutoring and on line discovering modules, Tarena gives grownup experienced education and learning courses in IT and non-IT subjects. Its adult experienced schooling courses supply pupils with functional skills to put together them for work opportunities in industries with important advancement opportunity and robust selecting demand. Tarena also gives K-12 instruction plans, including laptop or computer coding and robotics programming classes, and so on., focusing on students aged concerning 3 and eighteen.

Safe Harbor Assertion

This push release consists of ahead-searching statements produced beneath the “safe and sound harbor” provisions of Part 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-seeking statements can be recognized by terminology these as “will,” “expects,” “anticipates,” “future,” “intends,” “strategies,” “believes,” “estimates,” “assured” and equivalent statements. Tarena may perhaps also make published or oral ahead-hunting statements in its experiences filed with or furnished to the U.S. Securities and Exchange Fee, in its once-a-year report to shareholders, in push releases and other created supplies and in oral statements made by its officers, administrators or workforce to fourth events. Any statements that are not historical information, which include any enterprise outlook and statements about Tarena’s beliefs and anticipations, are ahead-on the lookout statements. Numerous elements, hazards and uncertainties could lead to real benefits to vary materially from those people in the forward-seeking statements. This kind of components and hazards include, but not minimal to the subsequent: Tarena’s targets and tactics its potential business growth, economic affliction and final results of operations its ability to continue on to draw in college students to enroll in its classes its means to continue on to recruit, teach and retain qualified instructors and instructing assistants its skill to constantly tailor its curriculum to market demand and boost its classes to sufficiently and promptly react to developments in the professional career sector its capability to preserve or improve its manufacturer recognition, its capacity to manage large task placement fee for its learners, and its skill to retain cooperative relationships with financing service suppliers for college student loans. Additional info pertaining to these and other risks, uncertainties or things is included in Tarena’s filings with the U.S. Securities and Exchange Commission. All information and facts provided in this press launch is recent as of the date of the push launch, and Tarena does not undertake any obligation to update these info, except as required beneath applicable law.

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