NEW YORK, December 12, 2007 — The Bank of New York Mellon, a global leader in asset management and securities servicing, has been selected by ChinaEdu Corporation (ChinaEdu) as the depositary bank for its American depositary receipt (ADR) program. Each ChinaEdu ADR represents three ordinary shares. The ADRs trade on NASDAQ under the symbol "CEDU."

ChinaEdu is a leading educational services provider based in China. The company's primary business is providing comprehensive services to the online degree programs of leading Chinese universities. The services ChinaEdu offers include academic program development, technology services, enrollment marketing, student support services and financial operations services. ChinaEdu also operates private primary and secondary schools, markets and supports international post-secondary and English language curriculum programs to established learning institutions, and offers online interactive tutoring services to primary and secondary school students.

"We are looking forward to working with The Bank of New York Mellon because of its broad expertise with DRs from China," said Julia Huang, ChinaEdu CEO. "We are confident that the Bank will help us effectively reach U.S. investors and create demand for our program."

"We are delighted to be working with ChinaEdu, the first educational company from China to list on NASDAQ," said Christopher Sturdy, executive vice president and head of The Bank of New York Mellon's Depositary Receipt Division. "We will support ChinaEdu's effort to raise its visibility in the U.S. by providing personalized program management and value-added services."

The Bank of New York Mellon's Depositary Receipt business is conducted through The Bank of New York subsidiary, which serves as depositary for more than 1,290 American and global depositary receipt programs, acting in partnership with leading companies from 61 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust, and stock transfer services. Additional information is available http://www.adrbny.com/.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration, more than $1.1 trillion

in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.

This release is for informational purposes only. The Bank of New York Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.