TAL EDUCATION GROUP

Ticker: TAL CUSIP: 874080104 Class: Foreign Stock

Cavalier Investments, LLC's Holding History (CIK: 0001655543)

Note: Option positions (PUT/CALL) are excluded.

Q1 2018

Shares 48,280 Value ($000) $1,791 Avg Close — Range —

Q4 2017

Shares 46,900 Value ($000) $1,393 Avg Close — Range —

Q3 2017

Shares 39,000 Value ($000) $1,315 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	48,280	$1,791	—	—
Q4 2017	46,900	$1,393	—	—
Q3 2017	39,000	$1,315	—	—