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Xueda Education Group Announces Appointment of New Chief Financial Officer

BEIJING, Nov. 19, 2012 /PRNewswire/ -- Xueda Education Group (NYSE: XUE) ("Xueda" or the "Company"), a 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 appointment of Ms. Christine Lu-Wong as its new Chief Financial Officer ("CFO") effective November 26, 2012. Concurrent to Ms. Lu-Wong's appointment, Mr. Jeffery Gao is resigning from his CFO position to pursue other interests.

"On behalf of Xueda and the Board, I would like to welcome Christine to our senior management team. Christine brings a broad range of skills and experience that we believe will prove invaluable to our future success, and we are thrilled to have her on our team. We thank Jeffery for his many contributions, and we all wish him the best in his future pursuits," stated Mr. Xin Jin, co-founder and Chief Executive Officer of Xueda.

Ms. Lu-Wong has over 19 years of finance and management experience with multinational corporations, public accounting firms and US-listed Chinese enterprises. Her broad professional expertise covers financial planning and reporting, accounting, internal controls, M&A, tax and capital raising.  Before joining Xueda, Ms. Lu-Wong was CFO of NASDAQ-listed Pactera Technology International Ltd (formerly, HiSoft Technology International Limited), a global consulting and technology services provider. Prior to that, from 2007 to 2009, she was vice president of finance at NYSE-listed WuXi PharmaTech Inc., a China-based research and development outsourcing company. Ms. Lu-Wong previously also held various positions at major global companies, including Hewlett-Packard Company, Sun Microsystems, Inc. and PricewaterhouseCoopers. She received a bachelor's degree in international trade and economics from Guangdong University of Foreign Studies, and an M.B.A. in Accounting from Golden Gate University. Ms. Lu-Wong is a Certified Public Accountant in the State of California.

About Xueda Education Group

Xueda Education Group ("Xueda") is a leading national provider of tutoring services for primary and secondary school students in China with a focus on offering personalized tutoring services. Since opening its first learning center in 2004, Xueda has organically built an extensive tutoring service network comprised of 379 learning centers and 14,028 full-time teaching professionals, serving customers located in 73 economically developed cities across 28 provinces and municipalities as of September 30, 2012.

Contact:

Xueda Education Group
Sophia Zhou
Tel: +86-10-6427-8899 ext. 6619
Email: [email protected]

Asia Bridge Capital Limited
Wendy Sun
Tel: +86-10-8556-9033 (China)
      +1-888-550-8392 (U.S.)
Email: [email protected]

SOURCE Xueda Education Group

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