ChinaEdu Announces Resignation of Chief Financial Officer

BEIJING, CHINA – March 19, 2008 – ChinaEdu Corporation (NASDAQ: CEDU), an educational  services provider in China (“ChinaEdu” or the “Company”), announced today that Mr. Michael Xu,  the Company’s Chief Financial Officer, will be resigning from his position, effective March 31,  2008, for family reasons.

The Company’s Chief Executive Officer, Ms. Julia Huang, will serve as interim Chief Financial  Officer, effective March 31, 2008, until a successor is named. The Company has commenced a  search for a permanent Chief Financial Officer, and will announce the appointment of a permanent  Chief Financial Officer when this process is complete.

Ms. Julia Huang, the Company’s Chairman and Chief Executive Officer, commented, “Michael  played an important role in our IPO and greatly helped the Company to improve its financial  function. On behalf of the board of directors, we would like to thank Michael for his contributions to  the Company and wish him all the best in his future endeavors.”

Ms. Huang added, “We are committed to identifying a highly qualified permanent Chief Financial  Officer in the near term and to continuously improving our finance function. We believe the  Company’s finance function will not be impacted adversely in any significant manner with Mr. Xu’s  departure.”

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 and support for international curriculum  programs.

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 strategic relationships with twelve universities to operate online degree programs, ten of which are under long-term, exclusive  contracts that vary from 15 to 50 years in length.

Forward-Looking Statement

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. Forwardlooking  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  final prospectus filed with the Securities and Exchange Commission on December 11, 2007, 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
E-mail: helen@chinaedu.net

Simon Mei
Chief Financial Officer
ChinaEdu Corporation
Phone: +86(10)84187301
E-mail: simon@chinaedu.net

BACK TO TOP