TARENA INTL INC

CUSIP: 876108101 Class: American Depository Receipt

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q2 2016

Shares 51,992 Value ($000) $537 Avg Close — Range —

Q1 2016

Shares 43,658 Value ($000) $472 Avg Close — Range —

Q4 2014

Shares 72,800 Value ($000) $808 Avg Close — Range —

Q3 2014

Shares 35,400 Value ($000) $458 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	51,992	$537	—	—
Q1 2016	43,658	$472	—	—
Q4 2014	72,800	$808	—	—
Q3 2014	35,400	$458	—	—