Tarena International, Inc. announced that its board of directors has appointed Mr. Yongji Sun as the company's chief executive officer, effective on April 9, 2020. While resigning from the position of chief executive officer, Mr. Shaoyun Han, founder of the company, will continue to serve on the Board. Mr. Sun has served as an independent director of the Company since April 2014.

Mr. Sun currently serves as the Chairman of Dilato Infotech Ltd. Between 2011 and 2014, Mr. Sun served as the Chief Executive Officer of Shangxue Education Technology Inc. Between 2005 and 2011, Mr. Sun served as Executive Vice President at Pactera Technology International Ltd., or Pactera (a Nasdaq listed company from 2010 to 2014). Prior to joining Pactera in November 2005, Mr. Sun co-founded Ensemble International Ltd. in 2002 and served as its Chief Executive Officer from 2003 to 2005. He founded and served as Chief Executive Officer of Newland Network Co.

from 2000 to 2002. He established China R&D Center for Lotus Development Corporation (Lotus was later acquired by IBM) in 1993 and served as its R&D head until 1998. In addition to the new chief executive officer appointment, the Board has determined that Mr. Jianguang Li satisfies the "independence" requirements of Rule 5605(a)(2) of the Listing Rules of the Nasdaq Stock Market, and Rule 10A-3 under the Securities Exchange Act of 1934, as amended, and is an independent director of the Company.

In his new capacity as Chief Executive Officer, Mr. Yongji Sun will become a non-independent director of the Company, and he will step down from the audit committee, the compensation committee, and the nominating and corporate governance committee of the Board. The Board has appointed Mr. Li to replace Mr. Sun as the chairperson of the nominating and corporate governance committee, and a member of the audit committee and the compensation committee. These changes are effective on April 9, 2020.