BEIJING, March 15 /PRNewswire-Asia-FirstCall/ -- ChinaEdu
Corporation (Nasdaq: CEDU) ("ChinaEdu" or "the Company"), an
educational services provider in China, today announced that it has signed an
exclusive technology and service agreement with Huazhong Normal
University and an exclusive collaborative alliance agreement with
Jiangxi Normal University.
Huazhong Normal University is currently licensed as one of the
68 universities that are approved to provide online degree
education by the Ministry of Education in China. Under the agreement, the Company will
provide exclusive technology and support services to Huazhong
Normal University's online college for the next three years.
Jiangxi Normal University is currently applying for approval to
provide online degree education by the Ministry of Education in
China. Under the agreement, the
Company will provide exclusive technology and support services to
Jiangxi Normal University's adult education programs for the next
four years prior to the approval for the online degree program.
Once the online degree approval is granted, the Company will
provide Jiangxi Normal University with exclusive technology and
support services through the mutually formed joint venture for a
period of 20 years.
Julia Huang, Chief Executive
Officer of ChinaEdu Corporation, commented, "We are pleased to be
working with two of the top universities in China. Our partnerships with Huazhong Normal
University and Jiangxi Normal University are examples of our
successful and flexible business model in leading the growth of
China's online degree education
sector. We will continue to add value in working alongside our
partners for the expansion of China's distance education for the long
run."
About the universities
Huazhong Normal University is located in the city of
Wuhan, the capital of Hubei province. It has a campus of over 2,000
acres with a construction area of more than 600,000 square meters
on Guizishan, a hill bordering the East Lake and the South Lake.
The university was first founded in 1903 and was formally named
Huazhong University in 1985. Huazhong Normal University comprises
of 18 schools, 9 departments and 82 research institutes and offers
53 doctoral programs and 94 master's degree programs. At present
the university has a student body of over 20,000, of whom 2,000 are
postgraduates.
Jiangxi Normal University is located in the city of Nanchang, the capital of Jiangxi province. The university covers an
area of 33 hectares. The buildings cover a total floor space of
more than 350,000 square meters. Founded in 1940, it was officially
named Jiangxi Normal University in 1983. The university has
enrolled graduate students in 33 programs relating to 122 fields of
study. Jiangxi Normal University comprises of 17 colleges, offers
37 fields of study, including 19 teacher training specialties.
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 17 long-term, exclusive contracts that generally vary
from 10 to 50 years in length. ChinaEdu also performs recruiting
services for 15 universities through our nationwide learning center
network.
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, 2008, 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:
Lily Liu, CFO
ChinaEdu Corporation
Phone: +86-10-8418-6655 x1002
Email: ir@chinaedu.net
S. Jimmy Xia, IR Manager
ChinaEdu Corporation
Phone: +86-10-8418-6655 x1150
Email: ir@chinaedu.net
SOURCE ChinaEdu Corporation