51job, Inc. Appoints New Independent Director and Regains Nasdaq Compliance

Mon Mar 18, 2013 3:00am EDT

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link


SHANGHAI,  March 18, 2013  /PRNewswire/ -- 51job, Inc. (Nasdaq: JOBS), a leading
provider of integrated human resource services in  China, announced today that
the board of directors has appointed Mr.  Li-Lan Cheng  as an independent
director and a member of the audit committee.

Li-Lan Cheng  is the chief operating officer of E-House (China) Holdings
Limited, a real estate services company listed on the New York Stock Exchange,
since  April 2012  and served as its chief financial officer from  November 2006
 to  April 2012. Prior to joining E-House, Mr. Cheng served from 2005 to 2006 as
the chief financial officer of SouFun Holdings Limited, a leading real estate
Internet portal and a leading home furnishing website in  China. From 2002 to
2004, Mr. Cheng served as an executive director and the chief financial officer
of SOHO China Limited, a real estate developer in  Beijing. From 1997 to 2002,
he was an assistant director and the head of Asian transportation sector
investment banking group of ABN AMRO Asia. Mr. Cheng is also an independent
director of Country Style Cooking Restaurant Chain Co. Ltd., a quick service
restaurant chain listed on the New York Stock Exchange, and Le Gaga Holdings
Limited, a leading greenhouse vegetable producer in  China  listed on the Nasdaq
Stock Market. Mr. Cheng received his Bachelors degree in Economics from 
Swarthmore College  and his Ph.D. degree in Economics from the  Massachusetts
Institute of Technology. Mr. Cheng is a chartered financial analyst.

"We warmly welcome Li-Lan as a director. His extensive experience and financial
background will add significant value to our board," said  Rick Yan, President
and Chief Executive Officer of 51job, Inc.

Pursuant to this appointment, the Company's board of directors is now comprised
of five members, a majority of whom are independent directors, and its audit
committee has three members, all of whom are independent directors.  As a
result, the Company has returned to full compliance with Nasdaq listing

In addition,  David K. Chao, an independent director who has been a member of
the Company's board since 2000, was elected as chairman of the board.

About 51job

51job, Inc. (Nasdaq: JOBS) is a leading provider of integrated human resource
services in  China  with a strong focus on recruitment related services. Through
online recruitment services at  www.51job.com  and print advertisements in 
51job Weekly, 51job enables enterprises to attract, identify and recruit
employees and connects millions of job seekers with employment opportunities.
51job also provides a number of other value-added human resource services,
including business process outsourcing, training, executive search and
compensation and benefits analysis. 51job has a call center in  Wuhan  and a
nationwide sales office network spanning 25 cities across  China.

SOURCE  51job, Inc.

Rebecca Liu, Investor Relations,51job, Inc., +(86-21) 6879-6250, ir@51job.com

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.