Xueda Education Group (NYSE: XUE) (“Xueda” or the “Company”), the leading national provider of tutoring services for primary and secondary school students in China with a focus on offering personalized tutoring services, today announced the closing of its initial public offering of 15,444,500 American depositary shares (''ADSs''), each representing two ordinary shares of the Company, at the initial public offering price of $9.50 per ADS. The offering included 2,014,500 ADSs sold by the Company pursuant to the underwriters' over-allotment option to purchase additional ADSs, which was exercised in full. Goldman Sachs (Asia) L.L.C. acted as the sole global coordinator and sole book-runner, and Robert W. Baird & Co. Incorporated and William Blair & Company, L.L.C. acted as co-managers, for this initial public offering. Xueda’s registration statement relating to the initial public offering has been declared effective by the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful under the securities laws of any such state or jurisdiction. A copy of the prospectus relating to the offering may be obtained by contacting Goldman Sachs at Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone (212) 902-1171, or by e-mailing Prospectus-NY@ny.email.gs.com. About Xueda Education Group Xueda Education Group (NYSE: XUE) (“Xueda”) is the leading national provider of tutoring services for primary and secondary school students in China with a focus on offering personalized tutoring services. According to IDC, Xueda is the largest provider of primary and secondary school tutoring services in China in terms of revenue for the year of 2009, and operates the largest tutoring service network in terms of number of cities covered as of June 30, 2010. Since opening its first learning center in 2004, Xueda has organically built an extensive tutoring service network comprised of 157 learning centers and over 8,800 full-time service professionals, serving customers located in 44 economically developed cities across 27 of China’s 31 provinces and municipalities as of June 30, 2010.