posted: 50 DAYS 18 HOURS AGO
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: ir@chinaedu.net
S. Jimmy Xia, IR Manager
ChinaEdu Corporation
Phone: +86-10-8418-6655 ext.1150
Email: ir@chinaedu.net
SOURCE ChinaEdu Corporation