ATA Announces Subsidiary’s Shareholders Approve Voluntary New Third Board Delisting
August 23 2017 - 8:00AM
ATA Inc. ("ATA" or the "Company") (Nasdaq:ATAI), a leading provider
of advanced testing technologies and testing-related services in
China, today announced that, on August 23, 2017, shareholders
of its wholly owned subsidiary ATA Online (Beijing) Education
Technology Co., Ltd. (“ATA Online”), a company listed on the
National Equities Exchange and Quotations (the “New Third Board”),
the over-the-counter stock exchange in China, have unanimously
approved the voluntary delisting of ATA Online’s shares from the
New Third Board. With the results of this shareholder vote, ATA
Online’s Board of Directors has been authorized to apply to the New
Third Board to initiate the voluntary delisting process, which is
expected to be completed by November 2017.
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 June 30, 2017, ATA’s
test center network comprised 3,209 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 a total of approximately 92.0
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, CFO
+86 10 6518 1122 x 5518
amytung@atai.net.cn
Investor Relations
The Equity Group Inc.
Carolyne Y. Sohn, Senior Associate
415-568-2255
csohn@equityny.com
Adam Prior, Senior Vice President
212-836-9606
aprior@equityny.com
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