BEIJING, Sept. 27, 2017 /PRNewswire/ -- Tarena
International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a
leading provider of professional education services in China, today announced that it has signed a
strategic partnership agreement with Ping An Property &
Casualty Insurance Company of China, Ltd., Beijing Branch ("Ping
An") to provide Ping An Safe Employment Education Insurance
to Tarena's students.
Pursuant to the partnership agreement, Tarena will cooperate
with Ping An to offer to Tarena's
eligible students nationwide Ping An Safe Employment Education
Insurance. The insurance premium is RMB280 per student. According to the insurance
provisions, during the 12-months insurance period, in the event an
insured student (i) has finished a full-time course with Tarena,
(ii) reached certain qualifying score on the exit exam, (iii) has
not been able to find a job within approximately three months after
graduation, and (iv) has re-enrolled in such course for at least 50
consecutive days, such student can file an insurance claim with
Ping An for up to RMB 12,000 in compensation to cover the
tuition costs related to the re-enrollment in such course.
"Ping An Safe Employment Education Insurance is an innovative
solution to lower the financial risks for our students," said
Shaoyun Han, Founder, CEO and
Chairman of Tarena." Through our strategic partnership with
Ping An, we seek to enable our
students to receive professional training with lower risk and find
their ideal jobs in a more secured way. Looking ahead, Tarena will
continue to explore effective teaching models, introduce creative education methods
and promote job placement services to help Chinese youngsters
achieve better employment prospects and career development."
"Ping An is very pleased to
cooperate with Tarena, a leading brand in China with best in class professional
education services," said Jiangtao
Wang, Deputy General Manager at Ping An Property &
Casualty Insurance Company of China, Ltd., Beijing Branch. "During the past 15 years,
Tarena has helped more than 438,000 students achieve their career
dream. Based on its innovative dual teacher model and outstanding
career services, Tarena students' six months post-graduation job
placement rate is above 90%. We are confident in Tarena's teaching
quality and students' strong competitiveness in the job
market."
About Tarena International, Inc.
Tarena International, Inc. (NASDAQ: TEDU) is a leading provider
of professional education services in China. Through its innovative education
platform combining live distance instruction, classroom-based
tutoring and online learning modules, Tarena offers professional
education courses in twelve IT subjects and three non-IT subjects.
Tarena also offers three kid education programs. Its professional
education courses provide students with practical skills to prepare
them for jobs in industries with significant growth potential and
strong hiring demand. Since its inception in 2002, Tarena has
trained over 438,000 students, cooperated with more than 690
universities and colleges and placed students with approximately
113,000 corporate employers in a variety of industries. For further
information, please visit http://ir.tedu.cn.
About Ping An
Ping An Insurance (Group) Company of China, Ltd. ("the Group") was established in
Shekou, Shenzhen, in 1988. The
Group was the first insurance company in China to adopt a shareholding structure. It
has developed into a personal financial services group with three
core businesses - insurance, banking and investment - enjoying
parallel growth of its core finance and internet finance
businesses. The subsidiaries of Ping
An include Ping An Life, Ping
An Property & Casualty, Ping An Annuity, Ping An Health,
Ping An Bank, Ping An Trust, Ping An
Securities, and Ping An-UOB Fund. The Group's shares are listed on
the Stock Exchange of Hong Kong
(stock code: 2318) and the Shanghai Stock Exchange (stock code:
601318).
Safe Harbor Statement
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 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," "confident" and similar statements. Tarena 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 report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Any statements
that are not historical facts, including any business outlook and
statements about Tarena's beliefs and expectations, are
forward-looking statements. Many factors, risks and uncertainties
could cause actual results to differ materially from those in the
forward-looking statements. Such factors and risks include, but not
limited to the following: Tarena's goals 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 tailor its curriculum to market demand and enhance
its courses to adequately and promptly respond to developments in
the professional job market; its ability to maintain or enhance its
brand recognition, its ability to maintain high job placement rate
for its students, and its ability to maintain cooperative
relationships with financing service providers for student loans.
Further information regarding these and other risks, uncertainties
or factors is included in Tarena's filings with the U.S. Securities
and Exchange Commission. All information provided in this press
release is current as of the date of the press release, and Tarena
does not undertake any obligation to update such information,
except as required under applicable law.
For investor and media inquiries, please contact:
Tarena International, Inc.
Helen Song
Investor Relations
Tel:+86-10-5621-9451
Email: ir@tedu.cn
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SOURCE Tarena International, Inc.