CEDU Chinaedu Corp. ADS, Each Representing Three Ordinary Shares (MM)

BEIJING, March 11 /PRNewswire-Asia-FirstCall/ -- ChinaEdu Corporation (NASDAQ:CEDU) ("ChinaEdu" or the "Company"), an educational services provider in China, today announced the approval by the shareholders of certain amendments to the Company's Equity Incentive Plan (the "Plan") at the Extraordinary General Meeting held on March 6, 2009, which amendments provide for the administration of the Plan by the Compensation Committee of the Board of Directors of the Company, delegate to the Compensation Committee the authority to, among other things, amend or modify outstanding awards under the Plan, including the repricing of "underwater" options, and eliminate the requirement that subsequent amendments to the Plan be submitted for shareholder approval. 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 business 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 22 universities to operate online degree programs, 12 of which are under long-term, exclusive contracts that generally vary from 15 to 50 years in length. For more information, please contact: Company Contacts: Lily Liu, CFO ChinaEdu Corporation Phone: +86-10-8418-6655 x1002 Email: S. Jimmy Xia, IR Manager ChinaEdu Corporation Phone: +86-10-8418-6655 x1150 Email: DATASOURCE: ChinaEdu Corporation CONTACT: Company Contacts: Lily Liu, CFO of ChinaEdu Corporation, +86-10- 8418-6655 x1002, or ; or S. Jimmy Xia, IR Manager of ChinaEdu Corporation, +86-10-8418-6655 x1150, or

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