Zhaopin Launches Chat Function for High-end Recruitment Platform Highpin.cn

Aug 27, 2015, 08:00 ET from Zhaopin Limited

BEIJING, Aug. 27, 2015 /PRNewswire/ -- Zhaopin Limited (NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career platform in China, today announced that it has launched Highpin Chat, a PC-based real-time text chatting function for its high-end recruitment platform Highpin.cn.

Highpin Chat is expected to significantly enhance the user experience by streamlining communication between job seekers, headhunters and employers. This in turn will further increase the efficiency of recruitment on Highpin.cn. Headhunters and employers will be able to directly communicate with job seekers through the new chat function, allowing them to effectively evaluate job applicants and efficiently recommend suitable positions to job seekers. Job seekers will also be able to inquire directly with headhunters and employers about certain positions and track the progress of their job applications in real-time.

"Highpin.cn is an important part of our strategy to build the leading career development platform that caters to the needs of job seekers throughout their entire career lifecycle," commented Mr. Evan Guo, Chief Executive Officer and Director of Zhaopin. Highpin.cn has been a great success so far, with substantial growth and a solid performance. Highpin Chat will increase interactions among job seekers, headhunters and employers. Highpin's chat functionality is highly complementary to the Highpin.cn platform which facilities all the stages required in the recruitment process as it enables recruiters to send job invitations to job seekers, allows job seekers to accept or reject the invitations, holds real-time communication and more importantly, allows recruiters and job seekers to post reviews on each other upon completion of the recruitment process."

"We believe the launch of Highpin.cn's chat function will not only improve recruitment efficiency for employers to enjoy more precise matching, but will also better serve the needs of high-end job seekers in China. Zhaopin looks forward to investing in similar products and technologies that will further strengthen our core products as well as innovating new ones which will both expand our market leading position."

About Zhaopin Limited

Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2015, number of registered users as of June 30, 2015 and number of unique customers for the three months ended June 30, 2015. The Company's over 100.8 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2015, approximately 25.6 million job postings1 were placed on Zhaopin's platform by 418,423 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.

1Zhaopin calculates the number of job postings by counting the number of newly placed job postings during each respective period. Job postings that were placed prior to a specified period - even if available during such period - are not counted as job postings for such period. Any particular job posting placed on the Company's website may include more than one job opening or position.

Safe Harbor Statements

This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Zhaopin may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Zhaopin's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Zhaopin's goals and strategies; its futurebusiness development, financial condition and results of operations; its ability to retain and grow itsuserand customer base for itsonlinecareer platform; the growth of, and trends in, the markets for itsservices in China; the demand for and market acceptance of its brand and services; competition in itsindustry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect itsusers' information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:

Zhaopin Limited Ms. Jessica Ye Executive Vice President ir@zhaopin.com.cn

Christensen In China Mr. Christian Arnell Phone: +86-10- 5900-1548 E-mail: carnell@christensenir.com

In U.S. Ms. Linda Bergkamp Phone: +1-480-614-3004 Email: lbergkamp@ChristensenIR.com

SOURCE Zhaopin Limited



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