China Distance Education completed the merger with Champion Distance Education Investments.

China Distance Education, a provider of online education and value-added services for professionals and corporate clients in China, completed the merger with Champion Distance Education Investments. All outstanding ordinary shares of the China Distance Education, including ordinary shares represented by American depositary shares, each representing four ordinary shares, other than excluded shares and ADSs representing excluded shares, are cancelled in exchange for the right of the holders thereof to receive $2.45 in cash per ordinary share or $9.8 in cash per ADS.