Xueda Education Group XUE
("Xueda" or the "Company"), a leading national provider of tutoring services
for primary and secondary school students in China with a focus on offering
personalized tutoring services, today announced that Mr. Xin Jin, co-founder
and Chief Executive Officer of Xueda, has set up a purchase plan, under which
Mr. Jin intends to use his personal funds to purchase up to 330,000 of the
Company's American Depositary Shares ("ADS"), effective from December 28, 2012
and valid through December 31, 2013.
Mr. Jin has informed the Company that he intends to make purchases under the
plan from time to time on the open market at prevailing market prices pursuant
to Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as
amended.
Mr. Jin said, "I am fully confident in Xueda's long-term prospects, business
strategy and market position. My plan to purchase Xueda's ADS with personal
funds demonstrates my confidence in our business and our commitment to
building long-term value for our shareholders."
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