HONG KONG, July 6, 2015 /PRNewswire/ -- China Chuanglian Education Group Limited ("the Company" or "China Chuanglian Education", HKSE stock code: 2371) is pleased to announce that, the Company's substantial shareholder and executive director, Mr. Lu Xing, and another executive directors of the Company, Mr. Li Jia and Mr. Wu Xiaodong have increased their shareholding in the Company from the market on 6 July 2015. Details are as follows:
| Number and percentage of shares in the Company |
||
| Name of purchaser |
Before the Purchases |
After the Purchases |
| Mr. Lu Xing |
811,728,323 |
816,584,323 |
| 17.44% |
17.55% |
|
| Mr. Li Jia |
7,736,000 |
7,936,000 |
| 0.16% |
0.17% |
|
| Mr. Wu Xiaodong |
3,000 |
6,003,000 |
| Negligible |
0.12% |
|
The increase in shareholding demonstrates the confidence of the substantial shareholder and the executive directors about the growth, development and future prospects of the Company. They may further increase their interests in the shares of the Company.
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.
