ChinaEdu Shareholders Re-elected Board of Directors at 2009 Annual General Meeting
October 09 2009 - 1:00AM
PR Newswire (US)
BEIJING, Oct. 9 /PRNewswire-Asia-FirstCall/ -- ChinaEdu Corporation
(NASDAQ:CEDU) ("ChinaEdu" or the "Company"), an educational
services provider in China, today announced that the Company's
shareholders re-elected Mr. Samuel Yen and Mr. Fan Min as
independent directors during the Annual General Meeting. Mr. Amol
Shah was elected to the board of directors after replacing Ms.
ShaSha Chang, who announced her retirement from the board in April
2009. Samuel Yen has served as a Director of the Company since
October 2007. Mr. Yen is the Vice President of Finance at Alibaba
Group, a leading China based e-commerce company operating online
marketplaces and services for businesses and consumers. From 2004
to 2005, Mr. Yen served as Financial Controller and Company
Secretary of Dynasty Fine Wines Group Limited and prior to that Mr.
Yen served in various positions at PricewaterhouseCoopers and
Arthur Andersen & Co., most recently as a Senior Manager. Mr.
Yen received a bachelor's degree in commerce from the University of
Toronto and is a member of the American Institute of Certified
Public Accountants, the Hong Kong Institute of Certified Public
Accountants, the Institute of Certified Management Accountants and
the CFA Institute. Min Fan has served as a Director of the Company
since October 2007. Mr. Fan is one of the co-founders and the
current Chief Executive Officer of Ctrip.com International Ltd., a
leading travel services firm in China. From 2000 to 2005, Mr. Fan
served as Ctrip's Chief Operating Officer and Executive Vice
President. Prior to founding Ctrip in 1999, Mr. Fan was the Chief
Executive Officer of Shanghai Travel Service Company, a leading
domestic travel agency in China, and from 1990 to 1997 he served in
a number of senior management positions at Shanghai New Asia Hotel
Management Company and New Asia Group. Mr. Fan holds both a
master's and bachelor's degree from Shanghai Jiao Tong University
and has studied at the Lausanne Hotel Management School of
Switzerland. Amol Shah has served as a Director of the Company
since April 2009. Mr. Shah is the Senior Vice President of Global
Strategy for the McGraw-Hill Companies. He oversees strategy
development for the corporation and its business units. Mr. Shah
also serves as Vice President of McGraw-Hill Ventures, which makes
equity investments in innovative, high growth companies that are
complementary to McGraw-Hill's traditional business lines. Prior to
joining The McGraw-Hill Companies, he served as a Managing Director
at Novantas LLC, a strategy consulting firm, where he served as a
leading advisor on growth strategies. Earlier in his career, Mr.
Shah worked as a consultant specializing in financial services
strategy for First Manhattan Consulting Group. Mr. Shah earned his
bachelor's degree from the University of Pennsylvania, The Wharton
School with a dual degree in engineering and economics through the
Jerome Fisher Program in Management & Technology. Mr. Shah also
earned a MBA in finance from the Columbia Business School. 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 13
long-term, exclusive contracts that generally vary from 10 to 50
years in length. ChinaEdu also performs recruiting services for 17
universities through our nationwide learning center network.
Company Contacts: Lily Liu, CFO ChinaEdu Corporation Phone:
+86-10-8418-6655 ext.1002 Email: S. Jimmy Xia, IR Manager ChinaEdu
Corporation Phone: +86-10-8418-6655 ext.1150 Email: DATASOURCE:
ChinaEdu Corporation CONTACT: Lily Liu, CFO of ChinaEdu
Corporation, +86-10-8418-6655 ext.1002, or ; or S. Jimmy Xia, IR
Manager, ChinaEdu Corporation, +86-10-8418-6655 ext.1150, or
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