China Education Holdings Holdings Limited Increases Investment in Ruida Beijing, Business News

BEIJING July 10, 2018 / PRNewswire / – China Distance Education Holdings Limited (NYSE: DL) ("CDEL", or the "Company"), a leading online service provider. Education and value-added services for professionals and corporate clients in China announced today that it has signed a definitive agreement to acquire an additional 11% stake in Beijing Ruida Chengtai Education Technology Co., Ltd. Ruida "), the leading provider of exam preparation services for participants in the National Judicial Examination for a total consideration of RMB52.8 million ( ] $ 8.0 million ), subject to adjustments under certain conditions agreed in advance, increasing the Corporation's total ownership in Beijing Ruida to 51%. right, at its option, to increase its stake in the Ruida of Beijing up to 60% before April 2019 under certain previously agreed conditions.The acquisition of the additional participation 11% in Beijing Ruida is an all cash transaction and is expected to close in the fourth quarter of fiscal year 2018.

Zhengdong Zhu Chairman and CEO of CDEL, said, "Our investment in Beijing Ruida is ideally aligned with our trategie aimed at building a complete vertical legal education ". Mr. Zhu added, "Beijing Ruida is very well positioned in the legal education market in China thanks to its highly acclaimed instructors, its cutting edge educational content and its innovative new media marketing strategy. The outstanding performance of Ruida in 2017, we decided to increase our stake in Beijing Ruida before April 2019 . "

Mr. Xiuyong Zhong, founder and chairman of Beijing Ruida, said: "CDEL and Beijing Ruida share the common goal of providing high-level educational services to help professionals seeking professional advancement. We believe that Beijing Ruida puts emphasis on the provision of high quality educational content .Services for participants in China's National Judicial Review will further complement the comprehensive ecosystem of continuing education and training. CDEL. "

Safe Harbor Declaration

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 US Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts, but rather predictive ictions on future events. Future events are inherently uncertain and our forward-looking statements may be incorrect. The Company may not realize the expected benefits of investment in Beijing Ruida. The forward-looking statements contained in this press release are valid only as of the date on which they are made and we assume no obligation to update the forward-looking statements, except as required by law. .

About China Distance Education Limited Holdings

China Distance Education Holdings Limited is a leading provider of online education and value-added services for professionals and corporate clients in China . The courses offered by the Company through its websites are designed to assist professionals seeking to obtain and maintain professional licenses and to improve their professional skills through our professional development courses in China in the fields of accounting, health, construction and other industries. The company also offers professional training courses for participants in the national judicial examination, online test preparation courses for self-taught learners pursuing graduate studies or diplomas, exam preparation courses for students academics. courses for students and professionals, as well as online language courses and online courses developed by third parties. In addition, the company provides commercial services to corporate clients, including tax advice and accounting outsourcing services. For more information, please visit http://ir.cdeledu.com.

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