BEIJING, Dec. 31, 2019 /PRNewswire/ -- Tarena
International, Inc. (Nasdaq: TEDU) ("Tarena" or the
"Company"), today announced changes to its board composition. Mr.
Ricky Lee, Chairman and Executive
Partner of ShangGu Capital, has been appointed as an independent
director. Mr. Lee has also been appointed as the chairman of the
compensation committee of the board, as well as members of the
audit committee and the nominating and corporate governance
committee. Mr. Ya-Qin Zhang has
resigned from the board for personal reasons. Mr. Zhang's
resignation did not result from any disagreement with the Company.
These changes will be effective on January
1, 2020.
Mr. Ricky Lee is a seasoned
technology entrepreneur and active angel investor with unique
leadership experience, having been a chief executive for both
multinational and local leading IT companies in China. Mr. Lee is an early China business pioneer starting in 1987 when
he joined HP China and stayed with HP for 12 years until 1999.
While at HP, Mr. Lee established and headed the HP Personal
Computer and Peripheral Business in China, growing it from a small operation to a
market leader when he left in 1999. Mr. Lee then joined Founder
(SEHK.418) as CEO to run its software and systems integration
business. Mr. Lee was Chairman and CEO of Hinge Software, a
software company he had co-founded in 2003. In 2007, Hinge sold its
outsourcing operations to ChinaSoft (SEHK.354). Mr. Lee currently
serves as the Chairman and Executive Partner of ShangGu Capital
,which is an equity venture investment fund targeting early and
growth stage innovative companies. Mr. Lee founded Sinova SJ
Capital in 2010. Mr. Lee received his B.S. in Computer Science from
the University of Hong Kong.
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.