BEIJING, Feb. 24, 2012 /PRNewswire-Asia/ -- ChinaEdu
Corporation (NASDAQ: CEDU) ("ChinaEdu" or the "Company"), a leading
online education services provider in China, today announced the appointment of
Ben Cheng as a director of ChinaEdu,
effective February 14, 2012.
''We are very pleased to welcome Mr. Cheng to ChinaEdu's Board
of Directors. His wealth of leadership experience gained over many
years of management roles in the financial industry as well as his
expertise in equity and investments in China will bring significant value to
ChinaEdu,'' said Julia Huang,
ChinaEdu's chairman of the board of directors. ''We are confident
that he will make valuable contributions to ChinaEdu's strategic
development and we look forward to his input."
Ben Cheng began making private
equity investments in China in the
mid-1990s, as an investment director at Citicorp China Investment
Management Ltd., which managed the Citicorp Everbright China Fund.
He was also a director at Emerging Markets Partnership, focusing on
greater China. Before that, Mr.
Cheng was an assistant manager at Brown Brothers Harriman in
New York and Hong Kong for six years. He began his career
as an associate at Lee & Li, a Taiwanese law firm. Mr. Cheng
joined Actis LLP in 2003 and as a partner, led the China team in sourcing, executing, managing
and exiting expansion-capital private equity investments until his
retirement in 2010. Mr. Cheng holds an MA in International
Relations from Yale University and a
Master of Laws degree from the University of
Pennsylvania. He also earned a Bachelor of Laws from
National Chengchi University in
Taiwan in 1982.
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:
|
Helen Plummer
Senior Investor Relations Coordinator
ChinaEdu Corporation
Phone: +86 13911672124
E-mail: helen@chinaedu.net
|
Jin Yu
Investor Relations Manager
ChinaEdu Corporation
Phone: +86 15711096022
E-mail: jinyu@chinaedu.net
|
SOURCE ChinaEdu Corporation