Zhaopin Announces 2017 Top 100 Employers in China

BEIJING, Sept. 18, 2017 /PRNewswire/ -- Zhaopin Limited (NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career platform^[1] in China focused on connecting users with relevant job opportunities through their career lifecycle, announced the Top 100 companies nominated for "China Best Employer Award 2017".

Among this year's Top 100 Employers, 25% were from IT/telecom/electronics/internet sector, 20% from manufacturing/processing sector and 18% from trade/wholesale/retail/leasing sector. The Top 100 Employers were selected from 17,554 nominated companies, representing an increase of 80% from last year. More than 24.3 million online votes were cast by employees nationwide, which was six times of last year's total votes.

The "China Best Employer Award" was launched by Zhaopin in 2005, and has become the most influential and prestigious employer brand event for both China-based and multinational companies. The "Oscar" of the human resources industry in China, the award is both a valuable reference for job seekers, and an important way for local and international employers to measure themselves and their work environment against the best in the industry.

"The employment relationship in China has undergone profound changes with the transformation of China's economy," said Mr. Evan Guo, Chief Executive Officer and Director of Zhaopin. "In 2015, we identified the trend and defined the 'new employer economy' in which equality and cooperation had replaced the old controlling relationship. This new employer economy has continued to evolve, driven by the digital revolution."

In China's labor market, digital natives have become the mainstream, with shared values of openness, freedom, equality, sharing, transparency and diversity.

"This year's Top 100 Employers have been adapting to the trend and are making efforts to build a new relationship between individuals and organizations," Guo added. "These companies have developed more efficient and flexible organizational structures to interact with and empower employees to drive win-win growth for both employees and employers."

In this year's nominations, 37% of candidate companies were from emerging first-tier cities. With the fast growth of emerging first-tier cities, companies in these cities were trying to attract more talents to improve competitiveness. Companies with fewer than 100 employees accounted for 41% of total nominations this year. These small companies were participating to learn from industry best practices, and to build up their brands.

Zhaopin also found that this year employees were less loyal to their employers and were changing their jobs more frequently. About 36% of employees had been with their current job for less than one year, and only 4% of employees had been working for the same company for over 10 years. It is still a great challenge for employers to attract and retain employees.

This year's award selection was based on professional evaluation by a jury committee and public online voting by employees and job seekers. The jury committee consists of academic professionals, employment specialists, senior media reporters and third-party consultants. The professional evaluation focused on employer image, management, salary and benefits, growth and training, work environment and company culture. A jury team of 1,000 HR professionals reviewed the nominations made by the public.

2017 Top 100 Employers in China

About Zhaopin Limited

Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2017, number of registered users as of June 30, 2017 and number of unique customers^[2] for the three months ended June 30, 2017. The Company's over 140.0 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2017, approximately 49.3 million job postings^[3] were placed on Zhaopin's platform by 613,083 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.

Safe Harbor Statements

This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Zhaopin may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Zhaopin's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Zhaopin's goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its user and customer base for its online career platform; the growth of, and trends in, the markets for its services in China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users' information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:

Zhaopin Limited 
Ms. Daisy Wang 
Investor Relations
ir@zhaopin.com.cn

ICR Beijing
Mr. Edmond Lococo
Phone: +86 10 6583-7510
Edmond.Lococo@icrinc.com

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