ChinaEdu Corporation Announces Share Repurchase Program

           ChinaEdu Corporation Announces Share Repurchase Program

PR Newswire

BEIJING, Jan. 10, 2013

BEIJING, Jan. 10, 2013 /PRNewswire/ --ChinaEdu Corporation (NASDAQ: CEDU)
("ChinaEdu" or the "Company"), a leading online education services provider in
China, today announced that the Company's board of directors has approved a
share repurchase program.

Under the terms of the program, the Company is authorized, but not obligated,
to repurchase up to US$40 million in aggregate amounts of its ADSs in the open
market or through privately negotiated transactions. In privately negotiated
transactions, the Company is authorized, but not limited, to reach agreements
with each of the following shareholders: Columbia Pacific Advisors, LLC, Lake
Union Capital Management, LLC and New Vernon Investment Management LLC to
purchase at total of 5,175,456 ADSs at US$5.60 per share.

The method, timing and amount of any repurchase will depend on market
conditions, the trading price of the ADSs and other factors. Such repurchases
will be subject to, and executed in compliance with, relevant rules under
United States securities regulations. The share repurchase program may be
suspended, modified or discontinued at any time. The share repurchase program
will be funded with the Company's available working capital as well as bank

Julia Huang, executive chairman commented, "The Company's management team,
together with its board of directors, believes the share repurchase
transaction is in the best interest of the Company and its shareholders. This
decision also demonstrates management's confidence in the Company's long-term
growth and profitability. As we move forward, we will continue to leverage our
core expertise in interactive learning as well as our nationally recognized
brand name to take advantage ofthe vast opportunities available in our
industry 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, 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 entered into collaborative alliances with 12 universities,
ranging from 10 to 50 years in length. The Company has also entered into
technology agreements with 6 universities. Besides, ChinaEdu performs
recruiting services for 22 universities through nationwide learning center

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995, including certain plans,
expectations, goals, and projections, which are subject to numerous
assumptions, risks, and uncertainties. Forward-looking statements involve
known and unknown risks, uncertainties and contingencies, many of which are
beyond our control which may cause actual results, levels of activity,
performance or achievements to differ materially from any future results,
levels of activity, performance or achievements expressed or implied by such
forward-looking statements. The Company's actual results could differ
materially from those contained in the forward-looking statements due to a
number of factors, including those described under the heading "Risk Factors"
in the Company's Annual Report on Form20-F for the year ended December31,
2011, and in documents subsequently filed by the Company from time to time
with the Securities and Exchange Commission. Unless required by law, the
Company undertakes no obligation to (and expressly disclaim any such
obligation to) update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

For investor and media inquiries, please contact:

Helen Plummer
Senior Investor Relations Coordinator
ChinaEdu Corporation
Phone: +1 908-442-9395

Jin Yu
Investor Relations Manager
ChinaEdu Corporation
Phone: +86 15711096022

SOURCE ChinaEdu Corporation

Press spacebar to pause and continue. Press esc to stop.