BEIJING, Nov. 28, 2016
BEIJING, Nov. 28, 2016 /PRNewswire/ -- TAL Education Group (NYSE: XRS) ("TAL" or the "Company"), a leading K-12 after-school tutoring services provider in China, today announced a reminder of its intended ticker symbol change from "XRS" to "TAL", as previously announced on October 27, 2016.
Commencing December 1, 2016, at the market open, all of the Company's stock trading, filings and market related information will be reported under the new symbol "TAL". The CUSIP for the Company's ADSs will remain unchanged as 874080104.
"We are pleased to be making this change which more closely aligns our ticker symbol with our group name and further unifies our global brand building initiatives," said Mr. Rong Luo, TAL's Chief Financial Officer. "As a leader in China's K-12 after-school tutoring services industry, transforming TAL Education Group into a global education brand has always been a long-term strategic goal for the Company, and we are happy to be taking this step to support this goal," Mr. Luo concluded.
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 including mathematics, English, Chinese, physics, chemistry, and biology. The Company's learning center network includes 422 physical learning centers as of August 31, 2016, located in 25 key cities in China: Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Wuhan, Xi'an, Chengdu, Nanjing, Hangzhou, Taiyuan, Zhengzhou, Chongqing, Suzhou, Shenyang, Jinan, Shijiazhuang, Qingdao, Changsha, Luoyang, Nanchang, Ningbo, Wuxi, Fuzhou and Hefei. We also operate www.jzb.com, a leading online education platform in China. Our ADSs trade on the New York Stock Exchange under the symbol "XRS." We intend to change the symbol under which our ADSs trade from "XRS" to "TAL" effective December 1, 2016.
For further information, please contact:
TAL Education Group
Tel: +86 10 5292 6658
Tel: +31 6 5462 4301
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SOURCE TAL Education Group