TAL Education : Investor Presentation - April 2021

TAL Education Group

Investor Presentation

April 2021

Disclaimer

This presentation has been prepared by TAL Education Group (the "Company") solely for information purpose. By viewing or accessing the information contained in this material, you hereby acknowledge and agree that no representations, warranties or undertakings, express or implied, are made by the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives as to, and no reliance should be placed upon, the accuracy, fairness, completeness or correctness of the information or opinions presented or contained in this presentation. None of the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives accept any responsibility whatsoever (in negligence or otherwise) for any loss howsoever arising from any information presented or contained in this presentation or otherwise arising in connection with the presentation. The information presented or contained in this presentation is subject to change without notice and its accuracy is not guaranteed.

This presentation does not constitute an offer to sell or issue or an invitation or recommendation to purchase or subscribe for any securities of the Company for sale in the United States or anywhere else. No securities of the Company may be sold in the United States without registration with the United States Securities and Exchange Commission (the "SEC") or an exemption from such registration pursuant to the Securities Act of 1933, as amended (the "Securities Act") and the rules and regulations thereunder. No part of this presentation shall form the basis of or be relied upon in connection with any contract or investment decision in relation to any securities or otherwise. This presentation does not contain all relevant information relating to the Company or its securities, particularly with respect to the risks and special considerations involved with an investment in the securities of the Company. Nothing contained in this presentation shall be relied upon as a promise or representation as to the past or future performance of the Company. Past performance does not guarantee or predict future performance. You acknowledge that any assessment of the Company that may be made by you will be independent of this presentation and that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company.

Certain statements in this presentation, and other statements that the Company may make, are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect the Company's intent, beliefs or current expectations about the future. These statements can be recognized by the use of words such as "expects," "plans," "will," "estimates," "projects," "intends,"

"anticipates," "believes," "confident" or words of similar meaning. These forward-looking statements are not guarantees of future performance and are based

on a number of assumptions about the Company's operations and other factors, many of which are beyond the Company's control, and accordingly, actual results may differ materially from these forward-looking statements. The Company or any of its affiliates, advisers or representatives has no obligation and does not undertake to revise forward-looking statements to reflect future events or circumstances.

Mission, Vision and Values

Mission

Making Education Better with Love and Technology

Vision

To be a Respectable Education Institution

Values

Customer Orientation, Pragmatism, Innovation, Cooperation

Company Highlights

Industry Leader in Large and Attractive

Market

Strong Brand, Recognized for High Quality Teaching, Proprietary Content, and Student Outcomes

Significant Scale and Reach Offline

and Online

Strong Operational Performance with

Consistent Growth

High Visibility Recurring Revenue Model

with Strong Cash Flow

Leading Edge of Science and Technology

Development

What We Do - Core Business Units

We Cover Core Subjects in the K-12 School Curriculum 1

			Primary School				Middle School			High School
K	1	2	3	4	5	6	7	8	9	10	11	12

Mathematics

English

Chinese

Physics

Chemistry

Biology

Politics

History

Geography

Small Class

Online School

Personalized Premium Services (1-on-1)

1 "●"Denotes currently offered course