China Education Resources Inc.

China Education Resources Inc.

January 07, 2005 09:00 ET

China Education Resources Inc. Announces Change of Auditor and Appointment of New Chief Financial Officer


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CHINA EDUCATION RESOURCES INC.

TSX VENTURE SYMBOL: CHN

JANUARY 7, 2005 - 09:00 ET

China Education Resources Inc. Announces Change of
Auditor and Appointment of New Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 7, 2005) - China
Education Resources Inc. (TSX VENTURE:CHN) today announced the
appointment of Ernst & Young LLP as its auditors to replace MacKay LLP,
effective January 4, 2005.

The company is also pleased to announce the appointment of Victor Kwee,
CMA as the new Chief Financial Officer and Corporate Secretary for the
company to replace Mary Chin, who is resigning to pursue other
interests. Mr. Kwee has an extensive background in the financial and
accounting areas, having worked for Peat Marwick & Mitchell in Malaysia
and several local Vancouver companies.

Mr. Kwee holds a Bachelor of Business Administration from Simon Fraser
University and is a Certified Management Accountant (CMA).

Ronald C. Shon, President, commented "Mr. Kwee is a very welcome
addition to our management team. His ability to read Chinese and speak
Mandarin along with his proven expertise in the finance and accounting
area will be invaluable as the company grows."

About China Education Resources Inc.

China Education Resources Inc. is a Canadian-based company focused on
providing educational solutions to various segments of the Chinese
economy. The admission of China into the WTO and the granting of the
2008 Olympic Games to Beijing have created a growing demand for
education, corporate training and extended learning in China which
provides significant business opportunities to China Education Resources
Inc. On August 2002, China Education Resources Inc. acquired Today's
Teachers Technology and Culture Ltd. ("TTTC") in China to expand its
educational operations. TTTC is a 12-year-old educational product
distribution company whose product line includes books, software, audio
and video materials, and educational training tools. On September 2003,
China Education Resources Inc. acquired Northern Education Books Ltd.
("NEB") which distributes a series of supplementary textbooks, similar
to "Coles Notes," for the high school market.

If you would like to receive press releases by email, please contact
Ronald Shon, admin@chinaeducationresources.com.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact,
all statements in this news release - including, without limitation,
statements regarding revenue estimates and future plans and objectives
of China Education Resources Inc. - are forward-looking statements that
are subject to various risks and uncertainties. Forward-looking
statements are based on current expectations and analyses, including
China Education Resources' analysis of its product and distribution
system and its expectations regarding the effects of anticipated product
and distribution changes and the potential benefits of such efforts and
activities on China Education Resources' results of operations in future
periods. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from
those anticipated in such statements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    China Education Resources Inc.
    Ronald Shon
    President
    (604) 683-6865
    (604) 681-5636 (FAX)
    Website: www.chinaeducationresources.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.