BEIJING, Nov. 3, 2011 /PRNewswire-Asia/ -- ChinaEdu
Corporation (NASDAQ: CEDU) ("ChinaEdu" or the "Company"), a leading
online education services provider in China, today announced the appointment of Mr.
Simon Mei as chief financial
officer, effective immediately.
"It is with great pleasure that we welcome Simon Mei to our senior management team," said
Julia Huang, ChinaEdu's chairman and
chief executive officer. "Over the past year, we have searched
diligently for the best possible executive to fill this role.
Simon Mei brings over nineteen years
of professional experience in audit, accounting and financial
operations and management, divided equally between work in
China and North America. His strong Big Four background
coupled with his hands-on experience managing within the finance
departments of listed companies gives him the breadth of experience
we sought. During his audit years, Mr. Mei was the
manager-in-charge of a US pre-IPO audit for a leading Chinese K-12
educational services provider and was also the manager-in-charge in
Vancouver for CIBT Education Group
Inc., (Amex: MBA), a company with global operations. These
experiences have given him an in-depth understanding of the
education industry in China.
Shawn Ding and I are confident that
Mr. Mei is the right choice for the job."
Simon Mei joins ChinaEdu
Corporation from Deloitte Touche Tohmatsu CPA Ltd., where he was a
senior manager in assurance and advisory services in Beijing. Previously, Mr. Mei held senior
manager and manager positions at Ernst & Young LLP and KPMG LLP
respectively, during his nine years in Canada. His years of Big Four audit work
included the execution of multiple IPO audits including companies
in the education industry. Before going into audit, Mr. Mei was a
finance and administrative manager in Beijing for Kennametal Ltd., a US$3 billion NYSE- listed company that
manufactures metal cutting and mining products in China through its subsidiary Kennametal
(China). There, he was responsible
for financial reporting, strategic planning, treasury, risk
management, investor and bank relations, corporate governance,
taxation, audit and budgeting. Mr. Mei began his career as a
corporate accountant for China Trust and Investment Corporation in
Beijing, where he was responsible
for financial reporting for this RMB20
billion, state-owned, financial institution. Mr. Mei holds a
master's degree in finance from Renmin University of China in Beijing and a bachelor's degree in finance
from Zhong Nan University of Finance and Economics in Wuhan, China. He earned his certified
management accountant designation in the
United States in 2003 and his Canadian chartered accountant
designation in Edmonton, Alberta
in 2006.
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, support for international and elite curriculum
programs and online learning community for adult students.
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 19 long-term contracts that generally vary from 10 to
50 years in length. ChinaEdu also performs recruiting services for
21 universities through nationwide learning center network.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Among other things, the quotations from management in this press
release contain forward-looking statements. Such statements involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
Further information regarding these and other risks is included in
the Company's filings with the U.S. Securities and Exchange
Commission, including its registration statement on Form F-1 and
its annual report on Form 20-F. The Company does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
For investor
and media inquiries, please contact:
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Helen Plummer
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Senior Investor Relations
Coordinator
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ChinaEdu
Corporation
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Phone: +86
13911672124
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E-mail:
helen@chinaedu.net
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Jin Yu
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Investor Relations
Manager
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ChinaEdu
Corporation
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Phone: +86
15711096022
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E-mail:
jinyu@chinaedu.net
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SOURCE ChinaEdu Corporation