BEIJING, Nov. 18, 2010 /PRNewswire-Asia-FirstCall/ --
ChinaEdu Corporation (Nasdaq: CEDU) ("ChinaEdu" or the "Company"),
a leader in online educational services in China, today announced that Lily Liu has tendered her resignation as Chief
Financial Officer of the Company for personal reasons, effective
November 30, 2010. The Company's
board of directors has appointed its financial controller, Mr.
Min Yang, as VP of Finance and
Acting Chief Financial Officer, until a permanent appointment is
made.
"Lily Liu has made significant
contributions in improving the Company's financial functions. On
behalf of the board of directors, we would like to thank Lily for
her contributions to the Company and wish her all the best in her
future endeavors." said Ms. Julia
Huang, chairman and CEO of the Company.
Mr. Yang joined the Company as the corporate financial
controller in May 2010. Prior to
joining ChinaEdu, Mr. Yang was a senior financial officer at TELUS
Communications in Canada, and
prior to that, held various senior financial management positions,
including the finance director at LinkAir Communications and the
financial controller at SOHU.com where he was extensively involved
in preparing the company for its IPO in 2000. Mr. Yang has
over twenty years experience in financial reporting, financial
management and corporate finance. In addition to being a
Certified Public Accountant (CPA) in the U.S., he is also a
Certified Management Accountant (CMA) in Canada. Mr. Yang holds a bachelor's degree in
accounting from Dongbei University of Finance and Economics in
China.
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 our nationwide
learning center network.
Company Contacts:
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Mr. Min Yang
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ChinaEdu Corporation
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Phone: +86 10 8418 6655
ext.1012
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E-mail: ir@chinaedu.net
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SOURCE ChinaEdu Corporation