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 Tal Education (NYSE:XRS)

At least one VIE exists in the corporate structure

At least one FIE exists in the corporate structure

Company Description

TAL Education Grp. ("TAL") is the largest K-12 after-school tutoring service provider in China in terms of revenues in 2009, according to iResearch. The company offers comprehensive tutoring services to K-12 students covering core academic subjects, including mathematics, English, Chinese, physics, chemistry and biology. TAL has successfully established “Xueersi” as a leading brand in China’s K-12 private education market closely associated with high teaching quality and academic excellence in China, as evidenced by the company's students’ outstanding academic performance, an over 70% annual retention rate, the ability to recruit most of the company's students through word-of-mouth referrals as well as the numerous recognitions and awards TAL has received. The K-12 after-school tutoring service market in China is highly fragmented.

China K-12 After-School Tutoring Market:

(GRAPH)

Source: iResearch

Last updated September 29, 2010