Ambow Education Announces Appointment of Justin Chen as the Chairman of the
Audit Committee and the Chairman of the Special Committee with respect to the
BEIJING, March 19, 2013
BEIJING, March 19, 2013 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow"
or the "Company" NYSE: AMBO), a leading national provider of educational and
career enhancement services in China, today announced that its Board of
Directors designated Justin Chen as the chairman of the audit Committee of the
Company and the chairman of the special committee formed by the Board of
Directors on July 3, 2012, with the assistance of Fenwick & West LLP, to
conduct an internal investigation over allegations made by a former employee
of the Company of financial impropriety and wrongful conduct in connection
with the Company's acquisition of a training school in 2008.
Justin Chen was appointed as a director of the Company on March 18, 2013.
Justin Chen is a counsel at PacGate Law Group.He is a California licensed
attorney and is qualified to practice before the United States Patent and
Trademark Office.Justin Chen graduated from the University of Iowa, College
of Law in 1998, with a Juris Doctor degree and graduated from Peking
University, Department of Biochemistry with a bachelor's degree in 1992 and
obtained his Master of Biochemistry and Juris Doctor degrees, both from
University of Iowa in 1995 and 1998, respectively.
About Ambow Education Holding Ltd.
Ambow Education Holding Ltd. (NYSE: AMBO) is a leading national provider of
educational and career enhancement services in China, offering high-quality,
individualized services and products. Ambow has two business divisions:
"Better Schools," which includes K-12 schools and tutoring centers; and
"Better Jobs," which includes colleges and career enhancement centers. With
its extensive network of regional service hubs complemented by a dynamic
proprietary learning platform and distributors, Ambow provides its services
and products to students in 30 out of the 31 provinces and autonomous regions
For investor and media inquiries please contact:
Ms. Mandy Li
Ambow Education Holding Ltd.
SOURCE Ambow Education Holding Ltd.
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