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Stock impact report

TCTM Announces Trading Under New Name on Nasdaq

TCTM Kids IT Education Inc. - American Depositary Shares (TCTM) 
Company Research Source: PR Newswire
BEIJING, Feb. 27, 2024 /PRNewswire/ -- TCTM Kids IT Education Inc. (NASDAQ: TCTM) ("TCTM" or the "Company"), a leading provider of IT-focused supplementary STEM education services in China, today announced that its American depositary shares, each representing five Class A ordinary shares, par value US$0.001 per share (the "ADSs"), will commence trading on Nasdaq under the new name "TCTM Kids IT Education Inc." at the market opening on February 28, 2024.As previously announced, a special resolution to approve its name change from "Tarena International, Inc." to "TCTM Kids IT Education Inc." was adopted at an Extraordinary General Meeting of Shareholders, held by the Company on February 20, 2024, in Beijing.Trading of the ADSs under the new name on Nasdaq will not affect shareholders' rights, the Company's operations, or its financial position. The Company does not intend to change its financial strategy or financial reporting as a result of this announcement.About TCTM Kids IT Educati Show less Read more
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