China Chuanglian Education Entered into Strategic Cooperation Agreement with Beijing Gehua and Xinhua Net to Establish Intelligent Educational Public Service Cloud Platform

China Chuanglian Education Entered into Strategic Cooperation Agreement with Beijing Gehua and Xinhua Net to Establish Intelligent Educational Public Service Cloud Platform





HONG KONG, Aug. 4, 2015 /PRNewswire/ -- China Chuanglian Education Group Limited ("the Company" or "China Chuanglian Education", HKEX stock code: 2371) is pleased to announce that, on 24 July 2015, the Company entered into a strategic cooperation agreement with Beijing Gehua (SSE stock code: 600037), a cable broadcast television network company in Beijing City, and Xinhua Net, a subsidiary of Xinhua News Agency, the state press agency of the PRC, in relation to the establishment of an intelligent educational public service cloud platform for the provision of education and training services to education departments, various education institutions, students and parents in China.

According to the agreement, the platform will be operated via cable television networks, the internet and telecommunication networks to offer the users access to the platform on a tri-networks integration basis with top class education resources for K12 education (i.e. primary and secondary education). The platform will be launched in Beijing as a trial location with an aim to promote to the other cable television networks in the PRC.

Lu Xing, Chairman of the Company said that, "The cooperation arrangement under the Strategic Cooperation Agreement will enhance the diversity of the Company's business development and the Company can leverage on this business opportunity to accumulate more accurate big data for future marketing businesses. Benefiting from the "Tri-networks integration" policy of the PRC Government, this sector is quickly becoming one of the strategic emerging industries in the PRC. The Company will leverage on its experience in the development and operation of online platforms to seize market opportunities."

About China Chuanglian Education

The Group is principally engaged in the online education business and internet advertisement industry in the PRC. The Group owns cross-media platform that facilitates online training, smart management of online education and exchange of education resources with the capacity of supporting large-scale online users and mobile users using online education simultaneously. Currently, the platform provides online education and training service to two types of users: 1) those who require on-the-job training and further education due to career development; 2) those who prepare for professional qualification examinations to obtain relative qualification certificates. By the end of June 2015, our services have 69 online training platforms cover provinces and cities across China and among different industries with 3.7 million registered users and 3.1 million paid users, are expected to have sustainable growth in the future.





SOURCE China Chuanglian Education Group Limited

China Chuanglian Education Group Limited

CONTACT: Stimulus Investor Relations, Ms. Casey Tang / Ms. Hill Ho, T: +852. 9200 3513 / +852. 6505 1569, E:casey.tang@stimulus-ir.com / hill.ho@stimulus-ir.com


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