ChinaCast Education Corporation Announces Postponement of Annual Meeting to December 21, 2011

BEIJING, December 8, 2011 /PRNewswire-Asia-FirstCall/ -- ChinaCast Education Corporation (the "Company" or "ChinaCast") (Nasdaq GS:CAST), a leading post-secondary education and e-learning services provider in China, today announced that its Annual Meeting of Stockholders ("Annual Meeting"), originally scheduled for December 2, 2011, at 9:00 a.m. Beijing Standard Time (local time), and postponed to December 17, 2011, has been further postponed. The Annual Meeting will now take place on Wednesday, December 21, 2011, at 9:00 a.m. Beijing Standard Time (local time), which is equivalent to December 20, 2011, at 8:00 p.m. U.S. Eastern Standard Time.

The Company filed a supplement dated December 8, 2011 (the "Supplement") to its proxy statement dated November 14, 2011 ("Definitive Proxy Statement") in connection with its 2011 Annual Meeting of Stockholders. The Annual Meeting is being postponed in order to give stockholders an opportunity to consider the information contained in the Supplement. Stockholders are urged to read the Supplement in its entirety, as it will contain important information about the Annual Meeting.

The Annual Meeting will be held at the Company's offices located at Unit 1005, Golden Tower B2, No. 82 Dongsihuanzhong Road, Chaoyang District, Beijing, People's Republic of China. The telephone numbers for participation at the Annual Meeting are: for those in the United States - the dial in number is 1-888-367-8168; and for those outside of the United States - the dial in number is 1-708-688-4087. The pass code for all participants is 19708274.

Stockholders of record at the close of business on October 24, 2011, are entitled to notice of, and to vote at, the Annual Meeting and any adjournment of the meeting. If you wish to vote shares held in your name and attend the Annual Meeting in person, please register in advance by emailing Advantage Proxy, the Company's proxy solicitor, at ksmith@advantageproxy.com, or by calling (877) 870-8565 (toll-free).

About ChinaCast Education Corporation

Established in 1999, ChinaCast Education Corporation is a leading post-secondary education and e-learning services provider in China. The Company provides post-secondary degree and diploma programs through its three fully accredited universities: The Foreign Trade and Business College of Chongqing Normal University located in Chongqing; Lijiang College of Guangxi Normal University located in Guilin; and Hubei Industrial University Business College located in Wuhan. These universities offer four year and three year, career-oriented bachelor's degree and diploma programs in business, finance, economics, law, IT, engineering, hospitality and tourism management, advertising, language studies, art and music.

The Company also provides e-learning services to post-secondary institutions, K-12 schools, government agencies and corporate enterprises via its nationwide satellite broadband network. These services include interactive distance learning applications, multimedia education content delivery and vocational training courses. The Company is listed on the NASDAQ Global Select Market with the ticker symbol CAST.

Safe Harbor Statement

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements express our current expectations or forecasts of possible future results or events, including projections of future performance, statements of management's plans and objectives, future contracts, and forecasts of trends and other matters. These projections, expectations and trends are dependent on certain risks and uncertainties including such factors, among others, as growth in demand for education services, smooth and timely implementation of new training centers and other risk factors listed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010. Forward-looking statements speak only as of the date of this filing, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. You can identify these statements by the fact that they do not relate strictly to historic or current facts and often use words such as "anticipate," "estimate," "expect," "believe," "will likely result," "outlook," "project" and other words and expressions of similar meaning. No assurance can be given that the results in any forward-looking statements will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.