BEIJING, Sept. 24, 2021 /PRNewswire/ -- TAL Education
Group ("TAL" or the "Company") (NYSE: TAL), a leading K-12
after-school tutoring services provider in China, today announced that the board of
directors of the Company has appointed Dr. Alex Zhuangzhuang Peng,
currently the Vice President of Strategy, as the Chief Financial
Officer, effective from November 1,
2021. Dr. Rong Luo has decided to resign from the
position of Chief Financial Officer to pursue another opportunity,
effective from October 29, 2021. Dr.
Luo will begin the hand over process and will also serve as a
senior consultant to the company after his resignation.
"On behalf of TAL Education Group, I would like to express my
sincere gratitude to Rong for his dedication and valuable
contribution to the Company during his 7-year tenure as CFO. Rong's
professional expertise, leadership, integrity and fairness will be
missed. We wish him the best in his future endeavors," said Mr.
Bangxin Zhang, Founder and Chief Executive Officer of TAL. "We are
confident that there will be a smooth transition as Alex will serve
as the Company's CFO with his valuable expertise and experiences
and that the Company will be able to drive its business growth
under the continued leadership of Alex."
Dr. Peng has served as TAL's Vice President of Strategy since
March 2020. Prior to his role with
the Company, Dr. Peng has extensive experience in corporate
strategy and management matters. His previous professional
experience includes General Manager of Business Strategy in
Microsoft's Greater China Region, consultant and then partner at the global
management consulting firm McKinsey & Company in Beijing. Dr. Peng holds his bachelor's degree
in mathematics from Harvard University
and his PhD in mathematics from Princeton
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.
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. Information
regarding these risks and uncertainties is included in the
Company's reports filed with, or furnished to the U.S.
Securities and Exchange Commission. All information provided in
this press release 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.
About TAL Education Group
TAL Education Group is a leading K-12 after-school tutoring
services provider in China. The acronym "TAL" stands for
"Tomorrow Advancing Life", which reflects our vision to promote top
learning opportunities for Chinese students through both
high-quality teaching and content, as well as leading edge
application of technology in the education experience. TAL
Education Group offers comprehensive tutoring services to
students from pre-school to the twelfth grade through three
flexible class formats: small classes, personalized premium
services, and online courses. Our tutoring services cover the core
academic subjects in China's school curriculum as well as
competence oriented programs. Our ADSs trade on the New York
Stock Exchange under the symbol "TAL".
For further information, please contact:
TAL Education Group
Tel: +86 10 5292 6658
SOURCE TAL Education Group