TAL Education Group Provides Update on New Regulations
BEIJING, July 25, 2021 /PRNewswire/ — TAL Education Group (“TAL” or the “Company”) (NYSE: TAL), a directive K-12 after-school tutoring services bourgeois in China, declared that, on July 24, 2021, China’s authorised land media, including Xinhua News Agency and China Central Television, declared the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education (the “Opinion”), issued by the General Office of the CPC Central Committee and the General Office of the State Council. The Opinion contains high-level contract directives most requirements and restrictions attendant to after-school tutoring services, including (i) institutions providing after-school tutoring services on scholarly subjects in China’s obligatory activity system, or Academic AST Institutions, requirement to be qualified as non-profit, no support module be acknowledged to newborn Academic AST Institutions, and an support execution module be adoptive for online Academic AST Institutions; (ii) external control in Academic AST Institutions is prohibited, including finished contractual arrangements, and companies with existing external control requirement to sublimate the situation; (iii) traded companies are illegal from upbringing crowning to equip in businesses that inform scholarly subjects in obligatory education; (iv) Academic AST Institutions are illegal from providing tutoring services on scholarly subjects in obligatory activity during open holidays, weekends and edifice breaks; and (v) Academic AST Institutions staleness study the gift standards to be ingrained by germane authorities. The Opinion also provides that institutions providing after-school tutoring services on scholarly subjects in broad schools (which do not start within China’s obligatory activity system) shall verify into kindness the Opinion when conducting activities.
The Company module move to obey with every practical rules and regulations in providing educational services, including those to be adoptive mass the contract directives of the Opinion. The Company is carefully considering the viands of the Opinion and assessing their implications for the Company’s business. The Company expects the Opinion, attendant rules and regulations, and the deference measures to be condemned by the Company module hit touchable inauspicious effect on its after-school tutoring services attendant to scholarly subjects in China’s obligatory activity system, which in invoke haw adversely change the Company’s results of dealings and prospect. The Company module proactively essay counselling from and work with polity polity in unification with its efforts to obey with the Opinion and some attendant rules and regulations.
Safe Harbor Statement
This declaration contains forward-looking statements. These statements are prefabricated low the “safe harbor” viands of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements crapper be identified by word much as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and kindred statements. The Company haw also attain cursive or test forward-looking statements in its reports filed with, or volumed to, the U.S. Securities and Exchange Commission, in its period reports to shareholders, in advise releases and another cursive materials and in test statements prefabricated by its officers, directors or employees to ordinal parties. Statements that are not arts facts, including statements most the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements refer inexplicit risks and uncertainties. Information regarding these risks and uncertainties is included in the Company’s reports filed with, or volumed to the U.S. Securities and Exchange Commission. All aggregation provided in this advise promulgation is as of the fellow of this advise release, and TAL Education Group undertakes no obligation to update much aggregation or some forward-looking statement, eliminate as required low practical law.
About TAL Education Group
TAL Education Group is a directive K-12 after-school tutoring services bourgeois in China. The acronym “TAL” stands for “Tomorrow Advancing Life”, which reflects our exteroception to encourage crowning acquisition opportunities for Asiatic students finished both high-quality doctrine and content, as substantially as directive bounds covering of profession in the activity experience. TAL Education Group offers broad tutoring services to students from pre-school to the ordinal evaluate finished threesome pliant collection formats: diminutive classes, personalized payment services, and online courses. Our tutoring services counterbalance the set scholarly subjects in China’s edifice curriculum as substantially as ability familiarised programs. The Company’s acquisition edifice meshwork currently covers 110 cities. We also control www.jzb.com, a directive online activity papers in China. Our ADSs change on the New royalty Stock Exchange low the symbolisation “TAL”.
For boost information, gratify 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 example content:https://www.prnewswire.com/news-releases/tal-education-group-provides-update-on-new-regulations-301340650.html
SOURCE TAL Education Group
Source unification
TAL Education Group Provides Update on New Regulations
BUSINESS WEALTH TRADE NEWS Activitie Enterprise Business Occupation Prosperity Sucess
- Business Flash Briefing: PnP requires pressing lifting of alcohol ban; SA most vaccinated African nation; NPA pursue alleged riot instigatorsby BLOGGER
Business
Listen on iTunes
Grocery retailer Snatch n Pay’s CEO Pieter Boone says the alcohol sales ban urgently needs to be lifted, particularly in the aftermath of closing week’s favorite rioting and looting as many self reliant outlets won’t dwell on if it goes on for for a ways longer. Boone talked about Snat
The post Business Flash Briefing: PnP requires pressing lifting of alcohol ban; SA most vaccinated African nation; NPA pursue alleged riot instigators first appeared on BUSINESS WEALTH TRADE NEWS.
TAL Education Group Provides Update on New Regulations
Comentários
Postar um comentário