ChinaEdu Names Lily Liu Chief Financial Officer
September 18 2008 - 4:15PM
PR Newswire (US)
BEIJING, Sept. 18 /Xinhua-PRNewswire-FirstCall/ -- ChinaEdu
Corporation (NASDAQ:CEDU) ("ChinaEdu" or "the Company"), an
educational services provider in China, today announced that Ms.
Qianli (Lily) Liu has been appointed as the Company's Chief
Financial Officer, effective October 8, 2008. "We are excited to
have Lily join our senior management team," said Julia Huang,
ChinaEdu's Chairman and Chief Executive Officer. "Lily comes to us
with an extensive financial background, as well as a thorough
understanding of strategic and financial business drivers. We
believe that Lily's experience and expertise will play a key role
in helping drive continuous future growth." Ms. Liu will replace
Ms. Huang, who has been acting as the Company's interim Chief
Financial Officer since April 2008. Ms. Huang will continue to
serve as the Company's Chairman and Chief Executive Officer.
Commenting on her appointment, Ms. Liu said, "I am very excited to
join ChinaEdu's dedicated management team, and to provide financial
and business leadership to help drive the next phase of the
Company's growth." Ms. Liu most recently served as Chief Financial
Officer of MainOne Inc., a company that provides Internet solutions
to small and medium enterprises in China. Prior to MainOne, from
2003 to 2007, she held various positions within Lehman Brothers'
Investment Banking division in New York and Hong Kong, most
recently serving as Vice President in Hong Kong. Prior to 2003, Ms.
Liu was a founder and Vice President of Trulycustom Construction,
Inc., a Boston-based business-to-business online construction
management service provider. Ms. Liu holds an M.B.A. from Sloan
School of Management at the Massachusetts Institute of Technology
(M.I.T.), and a B.A. in Mathematics and Economics from Dartmouth
College. About ChinaEdu 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 and support
for international curriculum programs. 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 strategic relationships with 20 universities to
support its online degree programs, ten of which are under
long-term, exclusive contracts that vary from 15 to 50 years in
length. Forward-Looking Statement This press release contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including certain plans,
expectations, goals, and projections, which are subject to numerous
assumptions, risks, and uncertainties. Forward-looking statements
involve known and unknown risks, uncertainties and contingencies,
many of which are beyond our control which may cause actual
results, levels of activity, performance or achievements to differ
materially from any future results, levels of activity, performance
or achievements expressed or implied by such forward-looking
statements. The Company's actual results could differ materially
from those contained in the forward-looking statements due to a
number of factors, including those described under the heading
"Risk Factors" in the Company's Annual Report on Form 20-F for the
year ended December 31, 2007, and in documents subsequently filed
by the Company from time to time with the Securities and Exchange
Commission. Unless required by law, the Company undertakes no
obligation to (and expressly disclaim any such obligation to)
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. For more
information, please contact: Investor Contacts In China: Company
Contact: S. Jimmy Xia ChinaEdu Corporation Phone: +86-10-8418-6655
X1150 Email: Investor Relations (HK): Pamela Leung Taylor Rafferty,
Hong Kong Phone: +852-3196-3712 Email: Investor Relations (US):
Jessica McCormick Taylor Rafferty, New York Phone: +1-212-889-4350
Email: DATASOURCE: ChinaEdu Corporation CONTACT: In China: S. Jimmy
Xia of ChinaEdu Corporation, +86-10-8418-6655 ext 1150, or ; Or
Pamela Leung of Taylor Rafferty, Hong Kong, +852-3196-3712, or ; In
the United States: Jessica McCormick of Taylor Rafferty, New York,
+1-212-889-4350, or chinaedu@taylor- rafferty.com Web site:
http://ir.chinaedu.net/
Copyright
Chinaedu Corp. ADS, Each Representing Three Ordinary Shares (MM) (NASDAQ:CEDU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Chinaedu Corp. ADS, Each Representing Three Ordinary Shares (MM) (NASDAQ:CEDU)
Historical Stock Chart
From Jul 2023 to Jul 2024