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Noah Education Announces Results of Annual General Meeting of Shareholders

2008-12-19 18:35 644

One-time US$0.56 Per Share Dividend Approved

SHENZHEN, China, Dec. 19 /PRNewswire-Asia-FirstCall/ -- Noah Education Holdings Ltd. ("Noah") (NYSE: NED), a leading provider of supplementary education content in China, today announced the results of its 2008 annual general meeting of shareholders held on December 18, 2008 in Shenzhen.

Each of the proposals submitted for shareholder consent was approved by the requisite majority of shareholders. Specifically, the shareholders approved (1) ratification of Noah's repurchase of its own shares; (2) declaration of cash dividends for the fiscal year ended June 30, 2008; (3) amendments to Noah's Articles of Association; (4) amendments to Noah's 2007 share incentive plan; (5) adoption of Noah's 2008 Share Incentive Plan; and (6) the financial statements for the fiscal year ended June 30, 2008.

Following shareholders' approval of the declaration of dividends, Noah's board of directors have set December 31, 2008 as the record date for shareholders of ordinary shares entitled to receive the one-time cash dividend of US$0.56 per ordinary share, which Noah expects to pay on January 5, 2009. Holders of American Depositary Shares (ADSs), each representing one Noah ordinary share, are also entitled to the one-time cash dividend of US$0.56 per ADS for holders of record as of market close on December 30, 2008. The Bank of New York Mellon expects to pay out dividends to ADS holders on January 6, 2009.

About Noah

Noah Education Holdings Limited ("Noah") is a leading provider of supplementary education content to China's elementary and middle school students. Noah's core offering includes the development and marketing of electronic learning products (ELPs), interactive educational courseware content, software, on- and offline delivery platforms and after-school education services. Noah combines standardized education content with innovative digital and multimedia technologies to create a dynamic learning experience and improve academic performance for students throughout China. Noah has developed a nationwide sales network, powerful brand image, and accessible and diverse delivery platforms to bring its innovative content to the growing student population. The interactive and comprehensive services Noah offers will enable students and teachers to engage in knowledge-sharing communities, all centered around the Noah brand. Noah was founded in 2004 and is listed on the New York Stock Exchange under the ticker symbol NED.

For more information about Noah, please visit http://www.noahedu.com.cn .

For more information, please contact:

Investor Contact:

Wendy Li

Noah Education Holdings Limited

Tel: +86-755-8204-3194

Email: lixin@noahedu.com

Investor Relations (US):

Jessica McCormick

Taylor Rafferty

Tel: +1-212-889-4350

Email: NoahEdu@taylor-rafferty.com

Investor Relations (HK):

Eleanor Tang

Taylor Rafferty

Tel: +852-3196-3712

Email: NoahEdu@taylor-rafferty.com

Source: Noah Education Holdings Limited
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