Tarena International, Inc. (NASDAQ:TEDU) Q4 2021 Earnings Conference Call March 16, 2022 8:00 AM ET Company Participants Sylvia Yang - Manager-Investor Relations Nancy Ying Sun - Chief Executive Officer Kelvin Lau - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to the Fourth Quarter and Full Year of 2021 Tarena International, Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructi ...

Financial Data and Key Metrics Changes - Total net revenues for Q3 2021 were RMB615.2 million, a decrease of 0.9% from RMB620.8 million in Q3 2020 [24] - In the first three quarters of 2021, total net revenues increased by 38.8% to RMB1,731.2 million from RMB1,247.6 million in the same period of 2020 [6] - Gross profit margin increased by 11.6 percentage points to 49.5% in the first three quarters of 2021 from 37.9% in the same period of last year [6] - Operating loss decreased by 57.2% to RMB308.7 million in the first three quarters of 2021 from RMB721.3 million in the same period of 2020 [9] - Net loss for the first three quarters of 2021 was RMB293.2 million, a reduction of 56.7% compared to RMB676.5 million in the same period of 2020 [9] Business Line Data and Key Metrics Changes - Net revenues from childhood and adolescent quality education business increased by 14.8% to RMB332.6 million in Q3 2021 from RMB289.6 million in Q3 2020, with student enrollments rising by 19.6% to 146,900 [7][24] - Net revenues from adult professional education business decreased by 14.7% to RMB282.6 million in Q3 2021 from RMB331.2 million in Q3 2020, primarily due to a 13.0% drop in student enrollments [7][24] - The number of childhood and adolescent quality education learning centers increased from 236 to 238 year-over-year [11] Market Data and Key Metrics Changes - The number of new contracted students in childhood and adolescent quality education increased by 21.0% to approximately 38,000 in Q3 2021 [20] - The average selling expense per new contracted student decreased by 18.6% to about RMB1,063 in Q3 2021 [21] Company Strategy and Development Direction - The company continues to focus on improving operational and management efficiency in adult professional education, having closed six underperforming centers [10] - The strategy includes optimizing cost structures and enhancing profitability through increased student enrollments and new product offerings [37] - The company is adapting to government policies that support childhood and adolescent education, ensuring compliance with regulations while enhancing service quality [17][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving breakeven as soon as possible, emphasizing stable operations in adult education and ongoing improvements in cost structure [36] - The company is optimistic about the long-term demand for high-quality educational services despite regulatory changes in the education sector [47] Other Important Information - Total operating expenses decreased by 1.2% to RMB401.7 million in Q3 2021 from RMB406.5 million in the same period of 2020 [27] - The company expects total net revenues for Q4 2021 to be between RMB610 million and RMB640 million [31] Q&A Session Summary Question: Is there any consideration for a share repurchase plan? - The company currently does not have a share repurchase plan under discussion but considers it a good option for the future [35] Question: When does the company expect to reach breakeven and does it have sufficient liquidity? - Management prioritizes reaching breakeven and is focused on improving operational efficiency and profitability [36][37]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019. OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered American Depositary Shares, each TEDU The NASDAQ Stock Market LLC representing one Class A ordinary share, (The NASDAQ Global Select Market) par value US$0.001 per share Class A ordinary shares, The NASDAQ Stock Market LLC FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT ...