ATA Appoints Ms. Amy Tung as Chief Financial Officer
March 01 2017 - 08:00AM
ATA Inc. ("ATA" or the
"Company") (Nasdaq:ATAI), a leading provider of
advanced testing technologies and testing-related services in
China, today announced that Ms. Shelly Jiang, the Company’s Interim
CFO, has tendered her resignation effective April 1, 2017 to pursue
other interests. Ms. Amy Tung, who has served in a variety of
financial and operational positions within ATA over the past 11
years, including Acting CFO in 2010, will be appointed as Chief
Financial Officer (“CFO”), as well as Financial and Principal
Accounting Officer.
Mr. Kevin Ma, ATA's Chairman and Chief Executive
Officer, said, “We would like to thank Shelly for her many
contributions to ATA over the years and wish her all the best with
her future endeavors. We are very pleased that Amy has agreed to
lead our finance team as the Company’s new Chief Financial Officer,
as she has served as an exceptional manager in different facets of
our operations throughout her career at ATA. In every segment of
ATA’s operations where Amy has worked, we have seen an immediate
and lasting positive impact on our business. We believe Amy’s
extensive financial and accounting background and intimate
knowledge of our business will prove valuable as ATA works to
increase its exposure in the capital markets.”
Ms. Tung has been with the Company since 2006,
most recently serving as the Assistant to the CEO, a role in which
she assisted the CEO in HR, strategic projects and board meeting
activities. She previously served as ATA’s vice president/financial
controller from 2006 to 2014, playing a crucial role in the
Company’s finance department. This included serving as a conduit
between shareholders and the Company since ATA’s initial public
offering in January 2008.
Prior to her service with ATA, Ms. Tung has held
various financial and accounting positions with Bayer Healthcare
Limited in Hong Kong, BEA Systems (Hong Kong) Limited, Bureau
Veritas Consumer Products Services (Hong Kong) Limited, Agilent
Technologies Hong Kong Limited, and Compaq Computer Limited.
Ms. Tung received her master’s degree in
financial engineering from Columbia University in 2002 and her MBA
from the Chinese University of Hong Kong in 2001. She received a
diploma in accounting in 1996 and a bachelor’s degree in computer
science in 1994. She is a fellow member of the Association of
Chartered Certified Accountants and the Hong Kong Institute of
Certified Public Accountants.
Ms. Tung stated, “I am grateful for this
opportunity to continue working with our team to build upon the
Company’s successes in education and, more specifically, the
testing services business. I believe this Company has the potential
to achieve significant growth for many years to come, and I feel
privileged to have been given a position where I can continue to
serve ATA’s customers and shareholders.”
U.S. RoadshowManagement intends
to visit with U.S. investors in June. For more information or to
schedule a one-on-one meeting with management, please contact the
Company’s investor relations firm The Equity Group.
About ATA Inc.ATA is a leading provider of
advanced testing technologies in China. The Company offers
comprehensive services for the creation and delivery of assessments
based on its proprietary testing technologies and test delivery
platform. ATA’s testing technologies are used for professional
licensure and certification tests in various industries, including
information technology services, banking, teaching, asset
management, insurance, and accounting. As of December 31, 2016,
ATA's test center network comprised 3,105 authorized test centers
located throughout China. The Company believes that it has the
largest test center network of any commercial testing service
provider in China.
ATA has delivered more than 87.7 million
billable tests since ATA started operations in 1999. For more
information, please visit ATA’s website at www.atai.net.cn.
For more information on our company, please contact the following individuals:
At the Company
ATA Inc.
Amy Tung, Chief Financial Officer
+86 10 6518 1122 x5518
amytung@atai.net.cn
Investor Relations
The Equity Group Inc.
Carolyne Y. Sohn, Senior Associate
415-568-2255
csohn@equityny.com
Katherine Yao, Senior Associate
+86 10 6587 6435
kyao@equityny.com
Adam Prior, Senior Vice President
212-836-9606
aprior@equityny.com
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