{"id":517215,"date":"2021-07-25T10:18:08","date_gmt":"2021-07-25T14:18:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tal-education-group-provides-update-on-new-regulations\/"},"modified":"2021-07-25T10:18:08","modified_gmt":"2021-07-25T14:18:08","slug":"tal-education-group-provides-update-on-new-regulations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tal-education-group-provides-update-on-new-regulations\/","title":{"rendered":"TAL Education Group Provides Update on New Regulations"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n BEIJING<\/span>, July 25, 2021<\/span> \/PRNewswire\/ — TAL Education Group (“TAL” or the “Company”) (NYSE: TAL), a leading K-12 after-school tutoring services provider in China<\/span>, announced that, on July 24, 2021<\/span>, China’s<\/span> official state media, including Xinhua News Agency and China Central Television, announced 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.\u00a0 The Opinion contains high-level policy directives about requirements and restrictions related to after-school tutoring services, including (i) institutions providing after-school tutoring services on academic subjects in China’s<\/span> compulsory education system, or Academic AST Institutions, need to be registered as non-profit, no approval will be granted to new Academic AST Institutions, and an approval mechanism will be adopted for online Academic AST Institutions; (ii) foreign ownership in Academic AST Institutions is prohibited, including through contractual arrangements, and companies with existing foreign ownership need to rectify the situation; (iii) listed companies are prohibited from raising capital to invest in businesses that teach academic subjects in compulsory education; (iv) Academic AST Institutions are prohibited from providing tutoring services on academic subjects in compulsory education during public holidays, weekends and school breaks; and (v) Academic AST Institutions must follow the fee standards to be established by relevant authorities. The Opinion also provides that institutions providing after-school tutoring services on academic subjects in high schools (which do not fall within China’s<\/span> compulsory education system) shall take into consideration the Opinion when conducting activities.<\/p>\n

The Company will continue to comply with all applicable rules and regulations in providing educational services, including those to be adopted following the policy directives of the Opinion. The Company is carefully considering the provisions of the Opinion and assessing their implications for the Company’s business. The Company expects the Opinion, related rules and regulations, and the compliance measures to be taken by the Company will have material adverse impact on its after-school tutoring services related to academic subjects in China’s<\/span> compulsory education system, which in turn may adversely affect the Company’s results of operations and prospect. The Company will proactively seek guidance from and cooperate with government authorities in connection with its efforts to comply with the Opinion and any related rules and regulations. <\/p>\n

\n Safe Harbor Statement<\/b>\n <\/p>\n

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the\u00a0U.S.\u00a0Private 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\u00a0U.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\u00a0U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and\u00a0TAL Education Group\u00a0undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.<\/p>\n

\n About TAL Education Group<\/b>\n <\/p>\n

TAL Education Group\u00a0is a leading K-12 after-school tutoring services provider in\u00a0China. 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.\u00a0TAL Education Group\u00a0offers 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\u00a0China’s\u00a0school curriculum as well as competence oriented programs. The Company’s learning center network currently covers\u00a0110 cities.\u00a0We also operate\u00a0www.jzb.com, a leading online education platform in\u00a0China. Our ADSs trade on the\u00a0New York Stock Exchange\u00a0under the symbol “TAL”.<\/p>\n

\n For further information, please contact:<\/b>\n <\/p>\n

\n Echo Yan<\/span>
\n
Investor Relations
TAL Education Group
Tel: +86 10 5292 6658
Email:\u00a0ir@tal.com<\/a><\/p>\n

\n Caroline Straathof<\/span>
\n
IR Inside
Tel: +31 6 5462 4301
Email:\u00a0info@irinside.com<\/a><\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/tal-education-group-provides-update-on-new-regulations-301340650.html<\/a><\/p>\n

SOURCE TAL Education Group<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire BEIJING, July 25, 2021 \/PRNewswire\/ — TAL Education Group (“TAL” or the “Company”) (NYSE: TAL), a leading K-12 after-school tutoring services provider in China, announced that, on July 24, 2021, China’s official state media, including Xinhua News Agency and China Central Television, announced 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.\u00a0 The Opinion contains high-level policy directives about requirements and restrictions related to after-school tutoring services, including (i) institutions providing after-school tutoring services on academic subjects in China’s compulsory education system, or Academic AST Institutions, need to be registered … <\/p>\n

Continue reading “TAL Education Group Provides Update on New Regulations”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-517215","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTAL Education Group Provides Update on New Regulations - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tal-education-group-provides-update-on-new-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TAL Education Group Provides Update on New Regulations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BEIJING, July 25, 2021 \/PRNewswire\/ — TAL Education Group (“TAL” or the “Company”) (NYSE: TAL), a leading K-12 after-school tutoring services provider in China, announced that, on July 24, 2021, China’s official state media, including Xinhua News Agency and China Central Television, announced 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.\u00a0 The Opinion contains high-level policy directives about requirements and restrictions related to after-school tutoring services, including (i) institutions providing after-school tutoring services on academic subjects in China’s compulsory education system, or Academic AST Institutions, need to be registered … Continue reading "TAL Education Group Provides Update on New Regulations"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/tal-education-group-provides-update-on-new-regulations\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-25T14:18:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN53652&sd=2021-07-25\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tal-education-group-provides-update-on-new-regulations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tal-education-group-provides-update-on-new-regulations\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"TAL Education Group Provides Update on New Regulations\",\"datePublished\":\"2021-07-25T14:18:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tal-education-group-provides-update-on-new-regulations\\\/\"},\"wordCount\":746,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tal-education-group-provides-update-on-new-regulations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN53652&sd=2021-07-25\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tal-education-group-provides-update-on-new-regulations\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tal-education-group-provides-update-on-new-regulations\\\/\",\"name\":\"TAL Education Group Provides Update on New Regulations - 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