Juren Education Receives $20 Million Investment from Qiming Venture Partners and SIG to Expand its Well-known Brand Nationwide

Juren Education Receives $20 Million Investment from Qiming Venture Partners and SIG to Expand its Well-known Brand Nationwide

September 04, 2007

    SHANGHAI, China, Sept. 4 /Xinhua-PRNewswire/ -- Juren
Holdings, Inc., the largest after-school tutoring service
provider in Beijing and one of the best known education
brands in China, announced today that it has successfully
closed its Series A financing of $20 million.  Qiming
Ventures Partners ("Qiming") led the round with
participation from SIG.

    Mr. Xiong Yin, founder, Chairman of the Board, and
Chief Executive Officer of Juren Holding, Inc.
("Juren" or the "Company"), started the
business as a guitar teaching school in 1994.  Over the last
13 years, Juren has become the largest after-school tutoring
service provider in Beijing and is named as "one of the
best-known education brands" in China.  It teaches
lessons in Math Olympiad, Chinese essay composition,
English, art, and many other subjects to students aged from
0-18.  Juren operates 23 schools and more than 100 learning
centers in Beijing, Shanghai, Wuhan, Xi'an, Shijiazhuang,
and Zhengzhou.  Its annual enrollment exceeded 200,000 in
2006.    

    Commenting on the Series A financing, Mr. Yin, said,
"We are very pleased to have Qiming and SIG as our
shareholders, as well as strategic partners, to help us
build a nationwide presence and brand.  We have been very
impressed by Qiming partners' operating experience and
well-rounded expertise in general management, finance,
marketing, and IT.  We are proud of the fact that we are
already the dominant player in the after-school tutoring
segment in Beijing.  We believe with the investment and
expertise from Qiming and SIG, together, we will be one of
the largest education providers in China for everyone aged
from 0 to 99."   

    JP Gan, Managing Director of Qiming Venture Partners,
joined the Board of Directors of Juren.  Mr. Gan, said,
"An average urban family spends more money on
education than anything else other than food.  We are very
excited about the investment opportunities in the education
sector and involvement in educating our next generation.  We
are very impressed by Mr. Yin and his team's achievements in
the last 13 years.  In Beijing, it seems everyone with
school age children knows Juren and its high-quality of
education.  We are very pleased with the opportunity to
work with Mr. Yin to build a great company."          


    About Qiming Venture Partners

    Based in Shanghai, Qiming (
http://www.qimingventures.com ) aims to be a premier
venture capital firm focused on investments in early stage
ventures in China, in partnership with Ignition Partners (
http://www.ignitionpartners.com ).  The Qiming team is
proven business leaders and venture capitalists with strong
operational backgrounds in both the U.S and in China. 
Qiming seeks investment opportunities in early stage and
high growth Chinese companies in the areas of TMT, consumer
and healthcare.  While striving to be the investor of choice
for entrepreneurs, Qiming will also work closely with other
leading venture capital firms to deliver the investor value
that young Chinese companies require. 


    For more information, please contact:

     Javen Huang
     Tel:   [phone]
     Email: [e-mail]