BEIJING, Dec. 18, 2019 /PRNewswire/ -- Tarena
International, Inc. (Nasdaq: TEDU) ("Tarena" or the
"Company"), today announced that the Company has received a letter
from the Nasdaq Hearings Panel (the "Panel") indicating that the
Panel had granted the Company until the Company's requested date of
April 24, 2020 to regain compliance
with its reporting obligations, and requesting that the Company
provide the Panel with updates regarding, among other things, the
completion of the Company's audit and filing of the Company's
Annual Report on Form 20-F for the year ended December 31, 2018, by no later than April 24, 2020.
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 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
fourth parties. Any statements that are not historical facts,
including any 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: uncertainty surrounding
management's ongoing evaluation of any potential restatements to
any of the Company's previously filed financial statements, the
types of errors and adjustments that may be required in any such
restatement, the extent of any material weaknesses or significant
deficiencies in the Company's internal and disclosure controls, how
promptly and thoroughly the recommendations of the audit committee
can be implemented, potential legal or regulatory action related to
the matters under investigation, and adverse decisions by the SEC
or Nasdaq. In addition, the Company faces other risks and
uncertainties that could affect its ability to complete the
restatement of its financial statements, to file its periodic
reports, and to regain compliance with the Nasdaq listing
requirements. Further information regarding these and other risks,
uncertainties or factors is included in Tarena's filings with the
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.
About Tarena International, Inc.
Tarena 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 IT and non-IT subjects. Tarena
also offers 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.
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SOURCE Tarena International, Inc.