Zhengdong Zhu, President of CDEL:

Dear Chairman Luo, respected leaders and distinguished guests, hello! On behalf of CDEL, the coordinator of this Forum, my cordial gratitude goes to the sponsors and undertakers of this forum, who provide us with a perfect platform on which we can marvel at the achievement of private education in the 30 years since reform and opening up. Sincere thanks also go to all the respected leaders and colleagues who are interested in and support CDEL these years!

CDEL was founded in 2000 when Chinese distance education industry was on the embryo stage. From then on, CDEL has been leading the development of this industry with cutting-edge technology, considerate service and exceptional training quality. On July 30 this year, CDEL was successfully listed on NYSE as the first Chinese company dealing with distance education. As one of the listed educational companies landing on NYSE second to New Oriental, we will open a new era for Chinese private education. As the leader of the industry, CDEL has epitomized the development of Chinese distance education. The fast growing Internet has a broad influence on our living habits and changed our way of thinking; meanwhile, it also bears new opportunities for the development of Chinese private education. Particularly, the distance education began to boom, which has changed the way of traditional classroom-based education and broke through its physical limit on locations and times to provide learners with more flexibility and interest. As people are getting closer to Internet, distance education is recognized and accepted by more and more people and has been growing into a potentially booming industry. Since 2000, the Ministry of Education (MOE) has actively promoted the construction of public service system for distance education and the management of the experimental work as well as the quality control; it also encouraged more and more students to take their courses online. The distance education system in China was independently developed and the industry is still rather new, so there is no experience to learn from. When people were doubtful with internet industry frightened by great bubbles in the internet-based economy, CDEL opened a new way for the industry. CDEL started its business with www.chinaacc.com. At the beginning of its foundation, people were not familiar with distance education and were worrying about the liability of internet. In May 2000, only dozens of participants took our courses and paid about 3,800 RMB for the first session. In September, we collected about 40,000 RMB for the second session. On the consolidated report in 2001, the revenue rocketed to 400,000 RMB; while later in 2002, the annual revenue soared to 4 million RMB. In 2003, although affected by SARS, the revenue jumped to 13 million. In 2004, the revenue overtook 20 million. These figures were a showcase of the fast growing distance education. The biggest barrier to this industry is TIME: our training quality could only be tested through the exams our course participants had taken and get popular through their word-of-mouth referrals. In this way, Chinaacc.com stepped out of the difficulty in a short time. With the experience we got from it, in 2003, we launched www.chinalawedu.com; in 2004, we launched www.cnedu.cn; in 2005, we launched www.med66.com and acquired www.zikao365.com--now we have covered 13 different industries, provide over 150 courses with 10,000 hours' video-audio featured lectures, and we was successfully listed on American market. The more professions we cover, the more experience we get. During the course, we continuously solve all kinds of problems emerging, which ensures us a better growth.

CDEL was the first to set up and successively maintained a customer-service call center for 24 hours a day, seven days a week, where above 200 dedicated staff are always readily prepared to provide exceptional service for any course participant. For the sake of an easier payment, CDEL initiated Study Cards as a way to collect fees and was also the first to adopt the "Learn first, pay next" mechanism to gain participants' trust. In 2003, CDEL innovated "Questions and Answers System for Online Teaching" in its industry, in which for each online school, the participants can communicate with their lecturers and experts in relevant industries, and even they can communicate with sound. For any question the participants may raise, CDEL ensures to provide a correct answer within 24 hours. The system employs the interaction the internet bears to provide the participant with various tailored service. With this system, CDEL exhibits the traits and advantages of distance education and is propelling the industry to a new high. At its foundation, CDEL set up a long term strategy as to build up a lifelong education system and complete education system for people in China; especially as we are successfully listed on NYSE, we obtained adequate capital to fulfill this goal. We intend to cooperate with educational institutes to join online and offline education for the improvement of Chinese education system. We actively shoulder social responsibilities and undertake social welfare services apart from our operation. After the "5.12" devastating earthquake in Sichuan, CDEL and its employees donated 1.5 million RMB for the restoration of educational facilities, and we set up "CDEL Charity Fund" , supported and supervised by China Youth Development Foundation, for which in each of the payment we receive, we will split one yuan for the poverty-stricken students. We will use the fortune the society grants us to benefit the people. Respected leaders and colleagues, in the Report to the Seventeenth National Congress of the Communist Party of China, people’s right to education has been listed as the first and foremost objective of people's well-being, which clearly displayed the Party's and government's care on education. In the future, CDEL will be always willing to work together with you, my colleagues, to make greater efforts to improve the private education system. We sincerely hope to receive successive support from the Education Department of the Central Committee of CAPD, educational associations and other bodies.

Thank you!