BEIJING, Feb. 24, 2012 /PRNewswire-Asia/ -- ChinaEdu
Corporation (NASDAQ: CEDU) ("ChinaEdu" or the
"Company"), a leading online education services
provider in China, today announced the appointment of Ben
Cheng as a director of ChinaEdu, effective February 14,
2012.
''We are very pleased to welcome Mr. Cheng to
ChinaEdu's Board of Directors. His wealth of leadership
experience gained over many years of management roles in the
financial industry as well as his expertise in equity and
investments in China will bring significant value to
ChinaEdu,'' said Julia Huang, ChinaEdu's
chairman of the board of directors. ''We are
confident that he will make valuable contributions to
ChinaEdu's strategic development and we look forward to
his input."
Ben Cheng began making private equity investments in China in
the mid-1990s, as an investment director at Citicorp China
Investment Management Ltd., which managed the Citicorp
Everbright China Fund. He was also a director at Emerging
Markets Partnership, focusing on greater China. Before that,
Mr. Cheng was an assistant manager at Brown Brothers Harriman
in New York and Hong Kong for six years. He began his career
as an associate at Lee & Li, a Taiwanese law firm. Mr. Cheng
joined Actis LLP in 2003 and as a partner, led the China team
in sourcing, executing, managing and exiting
expansion-capital private equity investments until his
retirement in 2010.
Mr. Cheng holds an MA in International Relations from Yale
University and a Master of Laws degree from the University of
Pennsylvania. He also earned a Bachelor of Laws from National
Chengchi University in Taiwan in 1982.
ChinaEdu Corporation is an educational services provider in
China, incorporated as an exempted limited liability company
in the Cayman Islands. Established in 1999, the
Company's primary business is to provide comprehensive
services to the online degree programs of leading Chinese
universities. These services include academic program
development, technology services, enrollment marketing,
student support services and finance operations. The
Company's other lines of businesses include the
operation of private primary and secondary schools, online
interactive tutoring services and providing marketing,
support for international and elite curriculum programs and
online learning community for adult students.
The Company believes it is the largest service provider to
online degree programs in China in terms of the number of
higher education institutions that are served and the number
of student enrollments supported. The Company currently has
19 long-term contracts that generally vary from 10 to 50
years in length. ChinaEdu also performs recruiting services
for 21 universities through nationwide learning center
network.
This press release contains forward-looking statements. These
statements constitute "forward- looking" statements
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, and as defined in 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, the quotations from
management in this press release contain forward-looking
statements. Such statements involve certain risks and
uncertainties that could cause actual results to differ
materially from those in the
forward-looking statements. Further information regarding
these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission,
including its registration statement on Form F-1 and its
annual report on Form 20-F. The Company does not undertake
any obligation to update any forward-looking statement as a
result of new information, future events or otherwise, except
as required under applicable law.
Helen Plummer
Senior Investor Relations Coordinator
ChinaEdu Corporation
Phone: +86 13911672124
E-mail: helen@chinaedu.net
Jin Yu
Investor Relations Manager ChinaEdu Corporation Phone: +86 15711096022
E-mail: jinyu@chinaedu.net