TAL Education Group announced that the board of directors of the Company has appointed Dr. Alex Zhuangzhuang Peng as the Chief Financial Officer, effective from November 1, 2021. Dr. Rong Luo has decided to resign from the position of Chief Financial Officer to pursue another opportunity, effective from October 29, 2021. Dr. Luo will begin the hand over process and will also serve as a senior consultant to the company after his resignation. Dr. Peng has served as TAL's Vice President of Strategy since March 2020. Prior to his role with the Company, Dr. Peng has extensive experience in corporate strategy and management matters.