BEIJING, Dec. 28, 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 that Ms. Christine Lu-Wong, the Company's Chief Financial
Officer, has decided to resign from her current role, effective
December 31, 2015, to pursue other
interests. Following her resignation, Ms. Lu-Wong will serve
as an advisor to the Company and the Board of Directors. Ms.
Lu-Wong has served as the Company's Chief Financial Officer since
November 2012. Ms. Yan Ma,
Xueda's Corporate Controller, will assume the role of interim Chief
Financial Officer effective upon Ms. Lu-Wong's resignation
date.
Xin Jin, co-founder and Chief
Executive Officer of Xueda, stated, "I wish to thank Ms. Lu-Wong
for her dedicated service to Xueda. She has been a valued
part of the management team and has contributed significantly to
Xueda's development. On behalf of the Board of Directors, we
wish her well in her future endeavors."
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: investor_relations@xueda.com
Asia Bridge Capital Limited
Wendy Sun
Tel: +86-10-8556-9033 (China)
+1-888-550-8392 (U.S.)
Email: wendy.sun@asiabridgegroup.com
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SOURCE Xueda Education Group