Zhengbao Yucai is listed on the New Third Board in an effort to further enhance its brand and visibility within the China market, which offers it the opportunity to raise capital from the Chinese capital markets to fund future growth. In addition, Zhengbao Yucai's New Third Board listing enables CDEL to focus its U.S.-listed company on professional education businesses, while Zhengbao Yucai will focus on college education opportunities.
Safe Harbor Statement
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 U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts, but instead are predictions about future events. Future events are inherently uncertain, and our forward-looking statements may turn out to be incorrect. The Company and Zhengbao Yucai may not realize the anticipated benefits of the listing of Zhengbao Yucai's shares and Zhengbao Yucai's new share issuance plan. The forward-looking statements in this press release speak only as of the date on which they are made, and we assume no obligation to update any forward-looking statements except as required by law.
About China Distance Education Holdings Limited
China Distance Education Holdings Limited is a leading provider of online education in China focusing on professional education. The courses offered by the Company through its websites are designed to help professionals seeking to obtain and maintain professional licenses and to enhance their job skills through our professional development courses in China in the areas of accounting, healthcare, engineering & construction, and other industries. The Company also offers other professional education courses for the national judicial examination, online test preparation courses for self-taught learners pursuing higher education diplomas or degrees, test preparation courses for university students intending to take the nationwide graduate school entrance exam, and online language courses. We also offer third-party developed online courses through our Online Open Learning Platform, a proprietary education platform that allows people to share their educational content or deliver live courses online. For further information, please visit http://ir.cdeledu.com.
China Distance Education Holdings Limited
Investor Relations Department
Tel: +86-10-8231-9999 ext 1805
The Piacente Group | Investor Relations
Tel: +1 212-481-2050
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-distance-education-holdings-limited-subsidiary-zhengbao-yucai-announces-share-issuance-plan-on-chinas-new-third-board-300342532.html
SOURCE China Distance Education Holdings Limited