TARENA INTL INC

CUSIP: 876108101 Class: American Depository Receipt

FOX RUN MANAGEMENT, L.L.C.'s Holding History (CIK: 0001533457)

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

Q3 2017

Shares 17,900 Value ($000) $260 Avg Close — Range —

Q1 2016

Shares 12,400 Value ($000) $134 Avg Close — Range —

Q4 2015

Shares 10,700 Value ($000) $112 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	17,900	$260	—	—
Q1 2016	12,400	$134	—	—
Q4 2015	10,700	$112	—	—