Xueda Education Group Shareholders Approve Going Private Transaction

Xueda Education Group

announced today that, at an extraordinary general meeting held today, the Company's shareholders voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger (the "merger agreement") dated July 26, 2015 by and among the Company, Xiamen Insight Investment Co., Ltd. ("Parent"), and Xueda Acquisition Limited ("Merger Sub"), pursuant to which Merger Sub will be merged with and into the Company, with the Company continuing as the surviving company as a wholly-owned subsidiary of Parent after the merger (the "merger"), and to authorize and approve and the transactions contemplated by the merger agreement, including the merger. Approximately 99% of the Company's total outstanding ordinary shares (including ordinary shares represented by the Company's American depositary shares ("ADSs")) voted in person or by proxy at today's extraordinary general meeting. Of those ordinary shares, approximately 99.9% were voted in favor of the proposal to authorize and approve the merger agreement and the transactions contemplated by the merger agreement, including the merger. The parties currently expect to complete the