A consortium of buyers led by Tarena Weishang Technology (Hainan) Co., Ltd., Shaoyun Han and Lijuan Han signed an equity transfer agreement to acquire Tarena Technologies Inc. from Tarena International, Inc. (NasdaqCM:TEDU) and Lijuan Han for CNY 1 on December 24, 2023. The transaction is expected to close around the end of March 2024. Kroll, LLC acted as the financial advisor to Tarena International, Inc.