EX-99.1
Published on August 23, 2017
Exhibit 99.1
ATA Announces Subsidiarys Shareholders Approve Voluntary New Third Board Delisting
Beijing, China, August 23, 2017 ATA Inc. (ATA or the Company, Nasdaq: ATAI), a leading provider of advanced testing technologies and testing-related services in China, today announced that, on August 23, 2017, shareholders of its wholly owned subsidiary ATA Online (Beijing) Education Technology Co., Ltd. (ATA Online), a company listed on the National Equities Exchange and Quotations (the New Third Board), the over-the-counter stock exchange in China, have unanimously approved the voluntary delisting of ATA Onlines shares from the New Third Board. With the results of this shareholder vote, ATA Onlines Board of Directors has been authorized to apply to the New Third Board to initiate the voluntary delisting process, which is expected to be completed by November 2017.
About ATA Inc.
ATA is a leading provider of advanced testing technologies in China. The Company offers comprehensive services for the creation and delivery of assessments based on its proprietary testing technologies and test delivery platform. ATAs testing technologies are used for professional licensure and certification tests in various industries, including information technology services, banking, teaching, asset management, insurance, and accounting. As of June 30, 2017, ATAs test center network comprised 3,209 authorized test centers located throughout China. The Company believes that it has the largest test center network of any commercial testing service provider in China.
ATA has delivered a total of approximately 92.0 million billable tests since ATA started operations in 1999. For more information, please visit ATAs website at www.atai.net.cn.
For more information on our company, please contact the following individuals:
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At the Company |
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Investor Relations |
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ATA Inc. |
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The Equity Group Inc. |
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Amy Tung, CFO |
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Carolyne Y. Sohn, Senior Associate |
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+86 10 6518 1122 x 5518 |
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415-568-2255 |
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amytung@atai.net.cn |
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csohn@equityny.com |
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Adam Prior, Senior Vice President |
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212-836-9606 |
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aprior@equityny.com |