BEIJING, October 21, 2021 / PRNewswire / – Tarena International, Inc. (Nasdaq: TEDU) (“Tarena” or the “Company”), a leading provider of quality adult vocational and children’s education services and teens in China, announced today that it has entered into a strategic cooperation agreement with Xueda Education Group (“Xueda”) to establish a framework for deep collaboration between the two parties in quality education activities, including vocational training of adults, computer coding for children and adolescents and robotics programming internships, robotics competitions and training camps.
In accordance with the Strategic Cooperation Agreement, Tarena is responsible for the development of the program and the management of tutoring for the companies concerned, and Xueda is responsible for the recruitment of students, marketing activities and provision of classrooms. and relevant facilities.
“Tarena and Xueda have 19 and 20 years of experience teaching offline tutoring respectively,” said Shaoyun Han, founder and chairman of the board of directors of Tarena. “Sharing a common understanding and commitment on educational philosophy and teaching methods, the two sides are happy to lay the groundwork for deeper strategic cooperation.”
“Since our inception, Tarena has focused on improving the quality of our comprehensive products and services,” said Sun Ying, CEO of Tarena. “We believe that Tarena and Xueda can mutually benefit from this strategic cooperation agreement.”
“This strategic cooperation with Tarena is not a simple cooperation in the transaction of products and services, but a deeper cooperation at the commercial and operational level,” said Xin jin, founder and CEO of Xueda. “He will be the pioneer of a global cooperation between two listed companies in the education sector.
About Tarena International, Inc.
Tarena is a leading provider of professional adult education and quality education services for children and adolescents in China. Through its innovative educational platform combining live distance learning, classroom tutoring and e-learning modules, Tarena offers vocational training courses for adults in both computer and non-computer subjects. Its vocational training courses for adults provide students with practical skills to prepare them for jobs in sectors with significant growth potential and high demand for hiring. Tarena also offers quality education programs for children and teens, including courses in computer coding and robotic programming, etc., targeting students between the ages of three and eighteen.
About the Xueda Education Group
Xueda Education Group (“Xueda”) was founded in 2001, became listed on the New York Stock Exchange in 2010, and returned to the A-share market in 2016 (SZ: 000526). With 20 years of experience in offline teaching, Xueda adheres to the educational concept of teaching students according to their abilities, from which it gradually expands and develops into “personalized intelligent education”.
Safe Harbor Declaration
This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the US Private Securities Litigation Reform Act of 1995. These statements forward-looking can be identified by terms such as “will fly”, “expect”, “anticipate”, “the future”, “intend”, “plan”, “believe”, “estimate”, “” “Confident” and similar statements. Tarena may also make written or oral forward-looking statements in its reports filed or provided to the United States Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by Tarena. its officers, directors or employees to third parties. All statements that are not historical facts, including business prospects and statements regarding Tarena’s beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties could cause actual results to differ materially from those of forward-looking statements. These factors and risks include, but are not limited to: Tarena’s objectives and strategies; its future business development, financial condition and results of operations; its ability to continue to attract students to enroll in its courses; its ability to continue to recruit, train and retain qualified instructors and teaching assistants; its ability to continually adapt its program to market demand and improve its courses to respond adequately and rapidly to changes in the professional labor market; its ability to maintain or improve brand awareness, its ability to maintain a high placement rate for its students, and its ability to maintain cooperative relationships with providers of student loan financing services. Further information regarding these and other risks, uncertainties or factors is included in the documents filed by Tarena with the United States Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tarena assumes no obligation to update such information, except as required by applicable law.
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Tarena International, Inc.
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SOURCE Tarena International, Inc.