ATA Announces Acquisition of Education Technology Company Xing Wei for US$3.19 Million, Appoints Mr. Cheng-Yaw Sun as New CEO

ATA Announces Acquisition of Education Technology Company Xing Wei for US$3.19
      Million, Appoints Mr. Cheng-Yaw Sun as New CEO and Director of ATA

Mr. Kevin Ma to Remain on ATA's Board of Directors as Chairman

PR Newswire

BEIJING, Sept. 26, 2013

BEIJING, Sept. 26, 2013 /PRNewswire-FirstCall/ --ATA Inc. ("ATA" or the
"Company", Nasdaq: ATAI), a leading provider of advanced testing technologies
and testing-related services in China, today announced that it has signed an
agreement to acquire Xing Wei Institute (HK) Limited ("Xing Wei"), a private
education technology company that provides training solutions as well as
online and mobile training platforms for corporations in China, for US$3.19
million.

By leveraging Xing Wei's expertise in improving employee performance, ATA
believes this acquisition will provide the Company with a more comprehensive
set of service offerings, which will enable it to deepen its existing client
relationships in China. Xing Wei's services have been utilized by reputable
corporations in China.

Mr. Kevin Ma, ATA's Chairman and Chief Executive Officer, stated, "This
transaction will provide long-term benefits to our Company and is consistent
with our strategic plan to expand ATA's testing platform for corporate
clientele. Xing Wei's online and mobile training platforms for enterprise
clients and ATA's technologically advanced testing platform will result in an
improved and expanded product offering and enhance overall client
satisfaction."

Company Appoints Mr. Cheng-Yaw Sun as New Chief Executive Officer

The Company also announced that the Board of Directors has appointed Xing
Wei's founder and chairman Mr. Cheng-Yaw Sun as ATA's new chief executive
officer effective October 8, 2013, succeeding Mr. Kevin Ma who will remain on
ATA's Board of Directors as Chairman. Mr. Sun will also serve as a director on
ATA's Board of Directors. Mr. Sun has extensive experience in corporate
management and operations in the high tech industry. He founded Xing Wei in
2012 and has served as its chairman ever since. Prior to that, Mr. Sun served
as chairman of ALi Corporation, chairman of hiSoft Technology International
Limited, and on the Board of Directors at MediaTek Inc. Mr. Sun began his
career at the Hewlett-Packard Company ("HP") in 1982, where he served in a
variety of positions for over 25 years, working his way up to later become
vice president of HP and managing director of HP China.

Mr. Ma continued, "We are also very pleased to have Mr. Sun join ATA's
management team as our new chief executive officer. We had the opportunity to
work closely with Mr. Sun and his team as part of this transaction, and we
shared the same vision of growth in China's employment sector. I firmly
believe that Mr. Sun's past managerial and operational experience at various
tech companies qualify him as the right person to lead our Company in
executing our growth initiatives in the years ahead. I look forward to working
with Mr. Sun on expanding ATA's business to include this new training platform
that Xing Wei will contribute to our service offerings. At the same time, I
will remain deeply involved in the Company's interests as Chairman of the
Board."

Mr. Sun commented, "I am honored to have the opportunity to integrate ATA's
and Xing Wei's resources and am eager to begin working on the joint
development of the synergies created by bringing our two companies together.
Kevin and the management team at ATA have established trusted relationships
among its clients, which is a testament to the quality of the Company's
advanced testing technology products and excellence in customer service. I am
very pleased to be joining a company of such high caliber and look forward to
bringing my expertise in the tech industry to ATA."

About ATA Inc.

ATA is a leading provider of advanced testing technologies in China. The
Company offers comprehensive services for the creation and delivery of
assessments based on its proprietary testing technologies and test delivery
platform. ATA's testing technologies are used for professional licensure and
certification tests in various industries, including information technology
services, banking, teaching, securities, insurance, and accounting. As of June
30, 2013, ATA's test center network comprised 2,810 authorized test centers
located throughout China. The Company believes it has the largest test center
network of any commercial testing service provider in China.

ATA has delivered more than 50.0 million billable tests since ATA started
operations in 1999. For more information, please visit ATA's website at
http://www.ata.net.cn/.

Cautionary Note Regarding Forward-looking Statements

This announcement contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terms such as "believe," "could," "expect," "future," "look
forward to," "plan," "should," "will," and similar terms and include, among
other things, the future integration of Xing Wei's business with ATA's and the
potential effect of the Xing Wei acquisition on ATA's service offerings and
relationships with existing clients. These forward-looking statements involve
known and unknown risks and uncertainties and are based on current
expectations, assumptions, estimates, and projections about ATA, Xing Wei and
the markets in which they operate. The Company undertakes no obligation to
update forward-looking statements, except as may be required by law. The
Company cannot assure you that its expectations and assumptions will turn out
to be correct, and investors are cautioned that actual results may differ
materially from the anticipated results.

For more information on our company, please contact the following individuals:

At the Company
ATA Inc.
Lucy Ma, Associate, Investor Relations
+86-10-6518-1122 x5517
maxiaopeng@ata.net.cn 


Investor Relations
The Equity Group Inc.
Carolyne Yu, Senior Associate
415-568-2255
+86 10 6587 6435
cyu@equityny.com

Adam Prior, Senior Vice President
212-836-9606
aprior@equityny.com

SOURCE ATA Inc.

Website: http://www.ata.net.cn
 
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