BEIJING, June 25, 2018 /PRNewswire/ -- China Distance
Education Holdings Limited (NYSE: DL) ("CDEL", or the "Company"), a
leading provider of online education and value-added services for
professionals and corporate clients in China, today announced that Mr. Zhengdong Zhu, Chairman and CEO of CDEL, has
informed the Company of his intention to use his personal funds to
purchase the Company's shares for an amount up to a maximum of
$25 million within one year. Mr.
Zhu's share purchases will be made from time to time on the open
market at prevailing market prices, in negotiated transactions off
the market, in block trades, pursuant to a 10b5-1 plan in
accordance with Rule 10b-18 of the
Securities Exchange Act of 1934, as amended (which if adopted, will
allow Mr. Zhu to purchase shares during periods in which he may be
in possession of material non-public information) or otherwise.
Mr. Zhengdong Zhu, commented, "My
share purchase plan underscores my confidence in CDEL's long-term
growth strategy and business prospects."
About China Distance Education Holdings Limited
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
help professionals seeking to obtain and maintain professional
licenses and to enhance their job skills through our professional
development courses in China in
the areas of accounting, healthcare, engineering &
construction, and other industries. The Company also offers
professional education courses for participants in the national
judicial examination, online test preparation courses for
self-taught learners pursuing higher education diplomas or degrees,
test preparation courses for university students intending to take
the nationwide graduate school entrance exam, practical accounting
training courses for college students and working professionals, as
well as online language courses and third-party developed online
courses. In addition, the Company provides business services to
corporate clients, including but not limited to tax advisory and
accounting outsourcing services. For further information, please
visit http://ir.cdeledu.com.
Contacts:
China Distance
Education Holdings Limited
Investor Relations
Department
Tel:
+86-10-8231-9999 ext 1805
Email:
IR@cdeledu.com
|
The Piacente Group |
Investor Relations
Brandi
Piacente
Tel: +1
212-481-2050
Email:
dl@tpg-ir.com
|
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SOURCE China Distance Education Holdings Limited