Xueda Education Group Announces Chairman's Share Purchase Plan
BEIJING, March 21, 2013
BEIJING, March 21, 2013 /PRNewswire/ -- Xueda Education Group (NYSE: XUE)
("Xueda" or the "Company"), a leading national provider of personalized
tutoring services for primary and secondary school students in China, today
announced that Mr. Rubin Li, Chairman and co-founder of Xueda, intends to use
his personal funds to purchase the Company's American Depositary Shares
Mr. Li has informed the Company that he intends to make purchases from time to
time on the open market. Mr. Li has set up a purchase plan, effective March
21, 2013 and valid through June 20, 2013, to purchase up to 237,900 ADS at
prevailing market prices pursuant to Rule 10b5-1 under the Securities Exchange
Act of 1934, as amended.
"I believe that Xueda is well positioned in China's growing personalized
tutoring market," said Mr. Li, "Along with our CEO's previously announced
purchase plan, my intention to purchase Xueda's ADS reflects our confidence in
the Company's long-term growth prospects as our entire management team remains
highly focused on building long-term shareholders' value."
About Xueda Education Group
Xueda Education Group ("Xueda") is a leading national provider of personalized
tutoring services for primary and secondary school students in China. For
more information about Xueda, please visit ir.xueda.com.
Xueda Education Group
Tel: +86-10-6427-8899 ext. 6619
Asia Bridge Capital Limited
Tel: +86-10-8556-9033 (China)
SOURCE Xueda Education Group
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