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Noah Announces Senior Management Change

Stocks in this article: NED

"Noah will continue its strategic focus on growing education services and achieving profitability," Mr. Xu remarked. "With a strong balance sheet and solid businesses, Noah is well-placed to expand its leadership in the three focused segments: pre-school, private primary and secondary education and supplementary education through organic and acquisitive growth. We remain confident in meeting our quarterly and full year guidance."

Mr. He said, "I am proud of our accomplishments over the past two years as we have transformed Noah from an electronic device company to an education services company, which is a much more resilient business with higher visibility, and I am grateful for the support I have received from the Board of Directors, and the opportunity to work with the Company's dedicated employees and management team. I am confident that Noah is well positioned and on a clear path to further grow its leadership in the focused education segments while unlocking values to shareholders."

Mr. Du was the founder of Wentai Education and possesses extensive experience in investment management in education business. He holds concurrent posts as general manager of Wentai, vice president and general manager of Guangzhou Zhongda Fundamental Education Investment Management Co., Ltd. Prior to that, Mr. Du was appointed as deputy director general of committee of political and legal affairs of provincial committee and associate director of research office, among others. Mr. Du received his bachelor degree and master degree from South China Normal University.

About Noah Education Holdings Ltd.

Noah is a leading provider of education services in China. The Company's brands include Wentai Education, which operates and manages high-end kindergartens, primary and secondary schools, Little New Star, which provides English language training for children aged 3-19 in its directly owned and franchised training centers, and Yuanbo Education, which focuses on early childhood education services in the Yangtze Delta region. Noah was founded in 2004 and is listed on the New York Stock Exchange under the ticker symbol NED. For more information about Noah, please visit http://ir.noaheducation.com.

Contact: Noah Education Holdings Ltd. L e a WuT: +86 (755) 82889128E: ir@noaheducation.com

SOURCE Noah Education Holdings Ltd.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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