BEIJING, Sept. 14 /PRNewswire-Asia-FirstCall/ -- ChinaEdu
Corporation (Nasdaq: CEDU) ("ChinaEdu" or the "Company"), an
educational services provider in China, today announced that at its Annual
General Meeting held on September 1,
2010 in Beijing the
Company's shareholders re-elected Mr. Zonglian Gu and Mr. Tianwen
Liu as independent directors and amended the Article 87(1) of
Articles of Association of the Company.
Zonglian Gu was elected as a Director of Company in March 2005. Mr. Gu joined CMR Web as general
manager in November 2001. Mr. Gu also
currently serves as the Dean of Renmin University of China's Online Education College, and was
previously a professor at Renmin University of China and served as the Vice Dean of Renmin
University of China Online Education College and Vice Dean of the
Adult Education College Department of Renmin University of
China. Mr. Gu holds a bachelor's
degree in international politics from Renmin University of
China and has over 19 years of
experience in the public education sector.
Tianwen Liu was elected as a Director of Company in September 2008. Mr. Liu is the Chairman and Chief
Executive Officer of iSoftStone Corp. Mr. Liu founded iSoftStone
Information Service Corporation, one of the fastest growing IT
outsourcing companies in China, in
2001. He has over 20 years of experience in the information
technology (IT) sector. Prior to founding iSoftStone, Mr. Liu
co-founded AsiaEC.com in 1999, and led the effort to build the
company from the ground up. Prior to AsiaEC.com, he served as the
General Manager of Siemens Business Services and Siemens Nixdorf
Information Technologies from 1996 to 1999, where he was
responsible for IT consulting, system integration, and outsourcing
businesses in China. Prior to his
service at Siemens, Mr. Liu worked for several consulting and IT
companies in the United States,
including Bechtel Corporation, one of the world's premier
engineering, construction, and project management companies, and
Digital Equipment Corporation. Mr. Liu holds a Masters in Business
Administration from Massachusetts Institute of
Technology, as well as a Masters of Electrical Engineering
from the University of
Massachusetts.
In addition, the amendment to the subsection (1) of Article 87
of the Articles of Association of the Company has been approved at
the meeting. The amendment provides that at each annual general
meeting one-fourth of the Directors (excluding the Chairman of the
Board and/or the managing director) shall retire from office by
rotation, and during any period from the date of an annual general
meeting (including such date) to the date of the next annual
general meeting (excluding such date), the total number of
Directors who retire by rotation or are removed from office
pursuant to Article 86(5) shall not be greater than one-third of
the number of Directors.
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 contracts that generally vary from 10 to
50 years in length. ChinaEdu also performs recruiting services for
18 universities through its nationwide learning centers
network.
For more information, please contact:
Lily Liu, CFO
ChinaEdu Corporation
Phone: +86-10-8418-6655 x1002
Email: ir@chinaedu.net
SOURCE ChinaEdu Corporation
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