ATA Inc. Appoints Citi as Depositary for its NASDAQ-Listed ADR Program
Citibank, N.A., February 1, 2008 - Citi thas announced that ATA Inc. (ATA), the leading provider of computer-based testing services in China, has appointed Citi as depositary for ATA's NASDAQ-listed ADR program. ATA's American Depositary Shares (ADSs) trade under the symbol ATAI (CUSIP 00211V106) and represent two ordinary shares each.
Nancy Lissemore, Managing Director - Citi's Depositary Receipt Services, said. "With its listing on the NASDAQ, we are pleased to see ATA begin to realize its long-term objectives of increased liquidity and research coverage. In facilitating this ADR program, we look forward to supporting ATA's efforts to establish a broad base of U.S. investors."
ATA is the leading provider of computer-based testing services in China, with the largest market share (30.9%) in terms of 2006 revenue, according to IDC. The Company also provides career-oriented, test-based educational programs and test preparation solutions in China. During the six months ended September 30, 2007, approximately 2 million tests were delivered using ATA's computer-based testing technologies and services.
For further information on Depositary Receipt Services, visit www.citi.com/adr.
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