Exhibit 99.1

TAL Education Group Announces Unaudited Financial Results for the

Fourth Fiscal Quarter and the Fiscal Year 2024

(Beijing–April 25, 2024)—TAL Education Group (NYSE: TAL) (“TAL” or the “Company”), a smart learning solutions provider in China, today announced its unaudited financial results for the fourth quarter and the fiscal year ended February 29, 2024.

Highlights for the Fourth Quarter of Fiscal Year 2024

Net revenues was US$429.6 million, compared to net revenues of US$269.0 million in the same period of the prior year.

Loss from operations was US$11.1 million, compared to loss from operations of US$44.4 million in the same period of the prior year.

Non-GAAP income from operations, which excluded share-based compensation expenses, was US$9.4 million, compared to non-GAAP loss from operations of US$18.1 million in the same period of the prior year.

Net income attributable to TAL was US$27.5 million, compared to net loss attributable to TAL of US$39.4 million in the same period of the prior year.

Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$48.0 million, compared to non-GAAP net loss attributable to TAL of US$13.1 million in the same period of the prior year.

Basic net income per American Depositary Share (“ADS”) was US$0.05, and diluted net income per ADS was US$0.04. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.08. Three ADSs represent one Class A common share.

Cash, cash equivalents and short-term investments totaled US$3,303.3 million as of February 29, 2024, compared to US$3,171.5 million as of February 28, 2023.

Highlights for the Fiscal Year Ended February 29, 2024

Net revenues was US$1,490.4 million, compared to net revenues of US$1,019.8 million in the same period of the prior year.

Loss from operations was US$69.2 million, compared to loss from operations of US$90.7 million in the same period of the prior year.

Non-GAAP income from operations, which excluded share-based compensation expenses, was US$19.7 million, compared to non-GAAP income from operations of US$17.8 million in the same period of the prior year.

Net loss attributable to TAL was US$3.6 million, compared to net loss attributable to TAL of US$135.6 million in the same period of the prior year.

Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$85.3 million, compared to non-GAAP net loss attributable to TAL of US$27.0 million in the same period of the prior year.

Basic and diluted net loss per ADS were both US$0.01. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.14.

Financial Data——Fourth Quarter and Fiscal Year 2024

(In US$ thousands, except per ADS data and percentages)

	Three Months Ended
	February 28/29,
	2023			2024			Pct. Change
Net revenues		268,986			429,563			59.7	%
Loss from operations		(44,416	)		(11,061	)		(75.1	)%
Non-GAAP (loss)/income from operations		(18,090	)		9,440			(152.2	)%
Net (loss)/income attributable to TAL		(39,417	)		27,508			(169.8	)%
Non-GAAP net (loss)/income attributable to TAL		(13,091	)		48,009			(466.7	)%
Net (loss)/income per ADS attributable to TAL – basic		(0.06	)		0.05			(173.5	)%
Net (loss)/income per ADS attributable to TAL – diluted		(0.06	)		0.04			(172.1	)%
Non-GAAP net (loss)/income per ADS attributable to TAL – basic		(0.02	)		0.08			(486.5	)%
Non-GAAP net (loss)/income per ADS attributable to TAL – diluted		(0.02	)		0.08			(478.9	)%

	Fiscal Year Ended
	February 28/29,
	2023			2024			Pct. Change
Net revenues		1,019,772			1,490,440			46.2	%
Loss from operations		(90,730	)		(69,229	)		(23.7	)%
Non-GAAP income from operations		17,841			19,669			10.2	%
Net loss attributable to TAL		(135,612	)		(3,573	)		(97.4	)%
Non-GAAP net (loss)/income attributable to TAL		(27,041	)		85,325			(415.5)	%
Net loss per ADS attributable to TAL – basic		(0.21	)		(0.01	)		(97.2	)%
Net loss per ADS attributable to TAL – diluted		(0.21	)		(0.01	)		(97.2	)%
Non-GAAP net (loss)/income per ADS attributable to TAL – basic		(0.04	)		0.14			(429.9	)%
Non-GAAP net (loss)/income per ADS attributable to TAL – diluted		(0.04	)		0.14			(424.2	)%

“We ended the 2024 fiscal year with continued development across our core businesses, each delivering distinct value propositions to our customers” said Alex Peng, TAL’s President & Chief Financial Officer.

Mr. Peng added: “As we move into fiscal year 2025, we remain focused on delivering high quality products and services, managing our overall operational efficiency, while also harnessing new technologies to transform our business”.

Financial Results for the Fourth Quarter of Fiscal Year 2024

Net Revenues

In the fourth quarter of fiscal year 2024, TAL reported net revenues of US$429.6 million, representing a 59.7% increase from US$269.0 million in the fourth quarter of fiscal year 2023.

Operating Costs and Expenses

In the fourth quarter of fiscal year 2024, operating costs and expenses were US$445.4 million, representing a 41.7% increase from US$314.4 million in the fourth quarter of fiscal year 2023. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$424.9 million, representing a 47.5% increase from US$288.1 million in the fourth quarter of fiscal year 2023.

Cost of revenues increased by 58.4% to US$202.2 million from US$127.7 million in the fourth quarter of fiscal year 2023. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 59.8% to US$199.6 million, from US$124.9 million in the fourth quarter of fiscal year 2023.

Selling and marketing expenses increased by 69.0% to US$125.9 million from US$74.5 million in the fourth quarter of fiscal year 2023. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, increased by 80.1% to US$120.4 million, from US$66.9 million in the fourth quarter of fiscal year 2023.

General and administrative expenses increased by 4.5% to US$117.2 million from US$112.2 million in the fourth quarter of fiscal year 2023. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 8.9% to US$104.9 million, from US$96.3 million in the fourth quarter of fiscal year 2023.

Total share-based compensation expenses allocated to the related operating costs and expenses in the fourth quarter of fiscal year 2024 was US$20.5 million, compared to US$26.3 million for the fourth quarter of fiscal year 2023.

Gross Profit

Gross profit increased by 60.9% to US$227.3 million from US$141.3 million in the fourth quarter of fiscal year 2023.

(Loss)/Income from Operations

Loss from operations was US$11.1 million in the fourth quarter of fiscal year 2024, compared to loss from operations of US$44.4 million in the fourth quarter of fiscal year 2023. Non-GAAP income from operations, which excluded share-based compensation expenses, was US$9.4 million, compared to Non-GAAP loss from operations of US$18.1 million in the same period of the prior year.

Other Income/(Expense)

Other income was US$37.3 million for the fourth quarter of fiscal year 2024, compared to other income of US$2.1 million in the fourth quarter of fiscal year 2023.

Impairment Loss on Long-term Investments

Impairment loss on Long-term investment was US$14.0 million for the fourth quarter of fiscal year 2024, compared to US$0.9 million for the fourth quarter of fiscal year 2023.

Income Tax Expense

Income tax expense was US$6.5 million in the fourth quarter of fiscal year 2024, compared to US$10.5 million of income tax expense in the fourth quarter of fiscal year 2023.

Net (Loss)/Income attributable to TAL Education Group

Net income attributable to TAL was US$27.5 million in the fourth quarter of fiscal year 2024, compared to net loss attributable to TAL of US$39.4 million in the fourth quarter of fiscal year 2023. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$48.0 million, compared to Non-GAAP net loss attributable to TAL of US$13.1 million in the fourth quarter of fiscal year 2023.

Basic and Diluted Net (Loss)/Income per ADS

Basic net income per ADS was US$0.05, and diluted net income per ADS was US$0.04 in the fourth quarter of fiscal year 2024. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.08 in the fourth quarter of fiscal year 2024.

Cash Flow

Net cash used in operating activities for the fourth quarter of fiscal year 2024 was US$23.7 million.

Cash, Cash Equivalents, and Short-Term Investments

As of February 29, 2024, the Company had US$2,208.7 million of cash and cash equivalents and US$1,094.6 million of short-term investments, compared to US$2,021.9 million of cash and cash equivalents and US$1,149.6 million of short-term investments as of February 28, 2023.

Deferred Revenue

As of February 29, 2024, the Company’s deferred revenue balance was US$428.3 million, compared to US$237.4 million as of February 28, 2023.

Financial Results for the Fiscal Year Ended February 29, 2024

Net Revenues

For fiscal year 2024, TAL reported net revenues of US$1,490.4 million, representing a 46.2% increase from US$1,019.8 million in fiscal year 2023.

Operating Costs and Expenses

In fiscal year 2024, operating costs and expenses were US$1,576.1 million, representing a 39.1% increase from US$1,133.2 million in fiscal year 2023. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$1,487.2 million, representing a 45.1% increase from US$1,024.6 million in fiscal year 2023.

Cost of revenues increased by 56.8% to US$684.3 million from US$436.4 million in fiscal year 2023. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 58.7% to US$674.7 million from US$425.0 million in fiscal year 2023.

Selling and marketing expenses increased by 63.2% to US$461.9 million from US$283.0 million in fiscal year 2023. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, increased by 73.2% to US$437.2 million from US$252.4 million in fiscal year 2023.

General and administrative expenses increased by 3.9% to US$429.9 million from US$413.8 million in fiscal year 2023. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 8.1% to US$375.3 million from US$347.2 million in fiscal year 2023.

Total share-based compensation expenses allocated to the related operating costs and expenses decreased by 18.1% to US$88.9 million in fiscal year 2024 from US$108.6 million in the same period of fiscal year 2023.

Gross Profit

Gross profit increased by 38.2% to US$806.1 million from US$583.4 million in fiscal year 2023.

(Loss)/Income from Operations

Loss from operations was US$69.2 million in fiscal year 2024, compared to loss from operations of US$90.7 million in the same period of the prior year. Non-GAAP income from operations, which excluded share-based compensation expenses, was US$19.7 million, compared to US$17.8 million Non-GAAP income from operations in the same period of the prior year.

Other Income/(Expense)

Other income was US$48.8 million for fiscal year 2024, compared to other expense of US$82.4 million in the same period of the prior year.

Impairment Loss on Long-term Investments

Impairment loss on long-term investments was US$47.0 million for the fiscal year 2024, compared to US$7.7 million for fiscal year 2023.

Income Tax Expense

Income tax expense was US$15.4 million in fiscal year 2024, compared to US$20.0 million of income tax expense in fiscal year 2023.

Net (Loss)/Income Attributable to TAL Education Group

Net loss attributable to TAL was US$3.6 million in fiscal year 2024, compared to net loss attributable to TAL of US$135.6 million in fiscal year 2023. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$85.3 million, compared to US$27.0 million Non-GAAP net loss attributable to TAL in the same period of the prior year.

Cash Flow

Net cash provided by operating activities in fiscal year 2024 was US$306.2 million.

Basic and Diluted Net (Loss)/Income per ADS

Basic and diluted net loss per ADS were both US$0.01 in fiscal year 2024. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.14.

Extension of Share Repurchase Program by the Company

Extension of Share Repurchase Program by the Company TAL’s board of directors (the “Board”) has authorized to extend the Company’s share repurchase program (the “Share Repurchase Program”) initially launched in April 2021 by another 12 months. The Company has repurchased its American depositary shares, every three representing one Class A common share, at an aggregate consideration of approximately US$233.6 million under the Share Repurchase Program between April 1, 2023 and April 25, 2024. Pursuant to the extended Share Repurchase Program, the Company may repurchase up to approximately US$503.8 million of its common shares through April 30, 2025. The share repurchases may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and will be implemented in accordance with applicable rules and regulations. The Company expects to fund the repurchases out of its existing cash balance.

Conference Call

The Company will host a conference call and live webcast to discuss its financial results for the fourth fiscal quarter of fiscal year 2024 ended February 29, 2024 at 8:00 a.m. Eastern Time on April 25, 2024 (8:00 p.m. Beijing time on April 25, 2024).

Please note that you will need to pre-register for conference call participation at https://register.vevent.com/register/BI23be6c0588034962aee23821deb37f5e.

Upon registration, you will receive an email containing participant dial-in numbers and unique Direct Event Passcode. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.

A live and archived webcast of the conference call will be available on the Investor Relations section of TAL's website at https://ir.100tal.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, TAL Education Group’s strategic and operational plans contain forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to continue to provide competitive learning services and products; the Company’s ability to continue to recruit, train and retain talents; the Company’s ability to improve the content of current course offerings and develop new courses; the Company’s ability to maintain and enhance its brand; the Company’s ability to maintain and continue to improve its teaching results; and the Company’s ability to compete effectively against its competitors. Further information regarding these and other risks is included in the Company’s reports filed with, or furnished to the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and TAL Education Group undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.

About TAL Education Group

TAL Education Group is a smart learning solutions provider in China. The acronym “TAL” stands for “Tomorrow Advancing Life”, which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive learning services to students from all ages through diversified class formats. Our learning services mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on the New York Stock Exchange under the symbol “TAL”.

About Non-GAAP Financial Measures

In evaluating its business, TAL considers and uses the following measures defined as non-GAAP financial measures by the SEC as supplemental metrics to review and assess its operating performance: non-GAAP operating costs and expenses, non-GAAP cost of revenues, non-GAAP selling and marketing expenses, non-GAAP general and administrative expenses, non-GAAP loss from operations, non-GAAP net loss attributable to TAL, non-GAAP basic and non-GAAP diluted net loss per ADS. To present each of these non-GAAP measures, the Company excludes share-based compensation expenses, the related tax effect of which has been nil. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” set forth at the end of this release.

TAL believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses that may not be indicative of its operating performance from a cash perspective. TAL believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to TAL’s historical performance and liquidity. TAL computes its non-GAAP financial measures using the same consistent method from quarter to quarter and from period to period. TAL believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation charges that have been and will continue to be for the foreseeable future a significant recurring expense in the Company’s business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

For further information, please contact:

Jackson Ding

Investor Relations

TAL Education Group

Tel: +86 10 5292 6669-8809

Email: ir@tal.com

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars)

	As of February 28, 2023			As of February 29, 2024
ASSETS

Current assets
Cash and cash equivalents	$	2,021,927		$	2,208,756
Restricted cash-current		126,891			167,656
Short-term investments		1,149,607			1,094,593
Inventory		39,002			68,328
Amounts due from related parties-current		423			343
Income tax receivables		5,071			-
Prepaid expenses and other current assets		125,486			159,498
Total current assets		3,468,407			3,699,174
Restricted cash-non-current		146,089			81,064
Property and equipment, net		288,877			405,319
Deferred tax assets		5,973			4,620
Rental deposits		12,734			16,947
Intangible assets, net		485			1,988
Land use right, net		193,878			189,049
Amounts due from related parties- non-current		-			59
Long-term investments		453,375			284,266
Long-term prepayments and other non-current assets		5,534			14,359
Operating lease right-of-use assets		149,002			231,104
Total assets	$	4,724,354		$	4,927,949

LIABILITIES AND EQUITY

Current liabilities
Accounts payable	$	59,991		$	127,321
Deferred revenue-current		234,889			400,286
Amounts due to related parties-current		100			96
Accrued expenses and other current liabilities		446,711			491,911
Operating lease liabilities, current portion		42,174			62,604
Total current liabilities		783,865			1,082,218
Deferred revenue-non-current		2,465			27,993
Deferred tax liabilities		1,563			2,360
Operating lease liabilities, non-current portion		115,548			176,614
Total liabilities		903,441			1,289,185

Equity
Class A common shares		169			152
Class B common shares		49			49
Treasury Stock		(6	)		-
Additional paid-in capital		4,400,656			4,256,957
Statutory reserve		160,353			165,138
Accumulated deficit		(685,912	)		(694,270	)
Accumulated other comprehensive loss		(30,666	)		(65,928	)
Total TAL Education Group's equity		3,844,643			3,662,098
Noncontrolling interest		(23,730	)		(23,334	)
Total equity		3,820,913			3,638,764
Total liabilities and equity	$	4,724,354		$	4,927,949

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands of U.S. dollars, except share, ADS, per share and per ADS data)

	For the Three Months Ended February 28/29,						For the Fiscal Year Ended February 28/29,
	2023			2024			2023			2024
Net revenues	$	268,986		$	429,563		$	1,019,772		$	1,490,440
Cost of revenues (note 1)		127,713			202,241			436,358			684,316
Gross profit		141,273			227,322			583,414			806,124
Operating expenses (note 1)
Selling and marketing		74,512			125,949			283,036			461,851
General and administrative		112,163			117,240			413,791			429,947
Total operating expenses		186,675			243,189			696,827			891,798
Government subsidies		986			4,806			22,683			16,445
Loss from operations		(44,416	)		(11,061	)		(90,730	)		(69,229	)
Interest income		20,077			20,895			61,564			84,928
Other income/(expense)		2,110			37,255			(82,416	)		48,766
Gain from disposal of a subsidiary		-			-			9,550			-
Impairment loss on long-term investments		(862	)		(13,951	)		(7,687	)		(46,982	)
(Loss)/income before income tax expense and (loss)/income from equity method investments		(23,091	)		33,138			(109,719	)		17,483
Income tax expense		(10,452	)		(6,504	)		(20,011	)		(15,379	)
(Loss)/income from equity method investments		(3,049	)		694			(2,248	)		(6,242	)
Net (loss)/income	$	(36,592	)	$	27,328		$	(131,978	)	$	(4,138	)
Add: Net (income)/loss attributable to noncontrolling interest		(2,825	)		180			(3,634	)		565
Total net (loss)/income attributable to TAL Education Group	$	(39,417	)	$	27,508		$	(135,612	)	$	(3,573	)
Net (loss)/income per common share
Basic	$	(0.19	)	$	0.14		$	(0.64	)	$	(0.02	)
Diluted		(0.19	)		0.13			(0.64	)		(0.02	)
Net (loss)/income per ADS (note 2)
Basic	$	(0.06	)	$	0.05		$	(0.21	)	$	(0.01	)
Diluted		(0.06	)		0.04			(0.21	)		(0.01	)
Weighted average shares used in calculating net (loss)/income per common share
Basic		211,977,774			201,140,767			212,575,277			203,304,744
Diluted		211,977,774			205,157,437			212,575,277			203,304,744

Note1: Share-based compensation expenses are included in the operating costs and expenses as follows:

	For the Three Months				For the Fiscal Year
	Ended February 28/29,				Ended February 28/29,
	2023		2024		2023		2024
Cost of revenues	$	2,790	$	2,626	$	11,319	$	9,615
Selling and marketing expenses		7,648		5,505		30,662		24,625
General and administrative expenses		15,888		12,370		66,590		54,658
Total	$	26,326	$	20,501	$	108,571	$	88,898

Note 2: Three ADSs represent one Class A common Share.

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF

Comprehensive income/(loss)

(In thousands of U.S. dollars)

	For the Three Months Ended February 28/29,						For the Fiscal Year Ended February 28/29,
	2023			2024			2023			2024
Net (loss)/income	$	(36,592	)	$	27,328		$	(131,978	)	$	(4,138	)
Other comprehensive income/(loss), net of tax		51,838			(8,062	)		(89,534	)		(34,301	)
Comprehensive income/(loss)		15,246			19,266			(221,512	)		(38,439	)
Add: Comprehensive income attributable to noncontrolling interest		(2,211	)		(40	)		(6,383	)		(396	)
Comprehensive income/(loss) attributable to TAL Education Group	$	13,035		$	19,226		$	(227,895	)	$	(38,835	)

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF

Cash flows

(In thousands of U.S. dollars)

	For the Three Months Ended February 28/29,						For the Fiscal Year Ended February 28/29,
	2023			2024			2023			2024
Net cash (used in)/provided by operating activities	$	(40,961	)	$	(23,746	)	$	7,358		$	306,172
Net cash provided by/(used in) investing activities		23,152			(38,887	)		(301,626	)		95,068
Net cash provided by/(used in) financing activities		51			206			(66,184	)		(233,095	)
Effect of exchange rate changes		4,433			(2,465	)		(26,427	)		(5,576	)
Net (decrease)/increase in cash, cash equivalents and restricted cash		(13,325	)		(64,892	)		(386,879	)		162,569
Cash, cash equivalents and restricted cash at the beginning of period		2,308,232			2,522,368			2,681,786			2,294,907
Cash, cash equivalents and restricted cash at the end of period	$	2,294,907		$	2,457,476		$	2,294,907		$	2,457,476

TAL EDUCATION GROUP

Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures

(In thousands of U.S. dollars, except share, ADS, per share and per ADS data)

	For the Three Months Ended February 28/29,						For the Fiscal Year Ended February 28/29,
	2023			2024			2023			2024
Cost of revenues	$	127,713		$	202,241		$	436,358		$	684,316
Share-based compensation expense in cost of revenues		2,790			2,626			11,319			9,615
Non-GAAP cost of revenues		124,923			199,615			425,039			674,701
Selling and marketing expenses		74,512			125,949			283,036			461,851
Share-based compensation expense in selling and marketing expenses		7,648			5,505			30,662			24,625
Non-GAAP selling and marketing expenses		66,864			120,444			252,374			437,226
General and administrative expenses		112,163			117,240			413,791			429,947
Share-based compensation expense in general and administrative expenses		15,888			12,370			66,590			54,658
Non-GAAP general and administrative expenses		96,275			104,870			347,201			375,289
Operating costs and expenses		314,388			445,430			1,133,185			1,576,114
Share-based compensation expense in operating costs and expenses		26,326			20,501			108,571			88,898
Non-GAAP operating costs and expenses		288,062			424,929			1,024,614			1,487,216
Loss from operations		(44,416	)		(11,061	)		(90,730	)		(69,229	)
Share based compensation expenses		26,326			20,501			108,571			88,898
Non-GAAP (loss)/income from operations		(18,090	)		9,440			17,841			19,669
Net (loss)/income attributable to TAL Education Group		(39,417	)		27,508			(135,612	)		(3,573	)
Share based compensation expenses		26,326			20,501			108,571			88,898
Non-GAAP net (loss)/income attributable to TAL Education Group	$	(13,091	)	$	48,009		$	(27,041	)	$	85,325
Net (loss)/income per ADS
Basic	$	(0.06	)	$	0.05		$	(0.21	)	$	(0.01	)
Diluted		(0.06	)		0.04			(0.21	)		(0.01	)
Non-GAAP Net (loss)/income per ADS
Basic	$	(0.02	)	$	0.08		$	(0.04	)	$	0.14
Diluted		(0.02	)		0.08			(0.04	)		0.14
ADSs used in calculating net (loss)/income per ADS
Basic		635,933,322			603,422,301			637,725,831			609,914,232
Diluted		635,933,322			615,472,311			637,725,831			609,914,232
ADSs used in calculating Non-GAAP net (loss)/income per ADS
Basic		635,933,322			603,422,301			637,725,831			609,914,232
Diluted		635,933,322			615,472,311			637,725,831			620,629,080

TAL Education Group 6-K