ChinaEdu Corporation Announces the Establishment of a Special Committee of the Board of Directors

ChinaEdu Corporation Announces the Establishment of a Special Committee of the
                              Board of Directors

PR Newswire

BEIJING, July 11, 2013

BEIJING, July 11, 2013 /PRNewswire/ -- ChinaEdu Corporation (NASDAQ: CEDU)
("ChinaEdu" or the "Company"), a leading online educational services provider
inChina, today announced that its board of directorshas established a
special committee (the "Special Committee") to consider the non-binding
proposal letter, dated June 20, 2013, from Ms.Julia Huang, executive chairman
of the board of directors of the Company andMr. Shawn Ding, chief executive
officer ofthe Company (collectively, the "Buyer Parties"), to acquire all of
the outstandingordinary sharesof the Company not currently owned by the
Buyer Parties and certain other shareholders of the Company who may join the
Buyer Parties (the "Proposed Transaction").

The Special Committee is composed of the following independent directors of
the Company: Samuel Yen, Min Fan and Tianwen Liu. Mr. Yen will be the
chairperson of the Special Committee. The Special Committeehas retained Ropes
& Gray LLP as its legal counsel and Houlihan Lokey (China) Limited as an
independent financialadvisor to assist its evaluation of the Proposed
Transaction and any potential alternative transactions.The board of directors
cautions the Company's shareholders that no decisions have been made by the
Special Committee with respect to the Company's response to the proposal and
there can be no assurance that any definitive offer will be made, that any
agreement will be executed or that this or any other transaction will be
approved or consummated.

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 13 universities,
ranging from 15 to 50 years in length. The Company has also entered into
technology agreements with 8 universities. Besides, ChinaEdu performs
recruiting services for 23 universities through a 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,
2012, 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

Simon Mei
Chief Financial Officer
ChinaEdu Corporation
Phone: +86 10 8418-7301

SOURCE ChinaEdu Corporation

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