Xueda Education Group Announces Appointment of New Independent Director

BEIJING, March 26, 2015 /PRNewswire/ -- Xueda Education Group (NYSE: XUE) ("Xueda" or the "Company"), a leading national provider of personalized tutoring services for primary and secondary school students in China, today announced the appointment of Arthur Wong as an independent director to the board of directors of the Company.  Mr. Wong will also serve on the audit committee of the Company.

Mr. Wong currently serves as the chief financial officer of Radio Cultural Transmission Co., Ltd. ("Beijing Radio"), a music production and music data management services company.  Prior to joining Beijing Radio in 2013, he served as chief financial officer for Shanghai GreenTree Inns Hotel Management Group, Shanghai Nobao Renewable Energy and Henan Asia New-Energy.  From 1982 to 2008, Mr. Wong held various positions with Deloitte Touche Tohmastu Certified Public Accountants LLP, in its Hong Kong, San Jose and Beijing offices, including Technology, Media & Telecom leader and audit leader for northern China. He is currently a board member and chairperson of the audit committees of the following companies: VisionChina Media Inc. (NASDAQ: VISN), China Automotive Systems, Inc. (NASDAQ: CAAS), Daqo New Energy Corp. (NYSE: DQ), Petro-king Oilfield Services, Ltd. (SEHK: 2178), Sky Solar Holdings, Ltd. (NASDAQ: SKYS), China Maple Leaf Educational Systems, Ltd. (HKSE: 1317) and YOU On Demand Holdings, Inc. (NASDAQ: YOD). Mr. Wong is a member of the American Institute of Certified Public Accountants, the Hong Kong Institute of Certified Public Accountants and the Chartered Association of Certified Accountants.  He holds a Bachelor of Science degree in Applied Economics from University of San Francisco and a Higher Diploma of Accountancy from Hong Kong Polytechnic University.

Mr. Xin Jin, co-founder and Chief Executive Officer of Xueda, commented, "I am delighted to welcome Mr. Wong to our board.  With his rich experience and expertise, I am confident he will contribute greatly in Xueda's on-going transition into a technology-based, personalized tutoring organization." 

About Xueda Education Group

Xueda Education Group ("Xueda") is a leading national provider of personalized tutoring services for primary and secondary school students in China. For more information about Xueda, please visit http://ir.xueda.com.

Forward-looking Statements

All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements within the meaning of 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. These forward-looking statements are based on our current expectations, market and operating conditions, estimates and projections about our industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," "targets" and similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks and uncertainties beyond our control, which could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Further information regarding these and other risks, uncertainties or factors is included in our filings with the U.S. Securities and Exchange Commission. We do not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

Contact:
Xueda Education Group
Ross Warner
Tel: +86-10-6427-8899 ext. 6619
Email: [email protected]

Asia Bridge Capital Limited
Wendy Sun
Tel: +86-10-8556-9033 (China)
       +1-888-550-8392 (U.S.)
Email: [email protected]

SOURCE Xueda Education Group

Related Links

http://ir.xueda.com