 China Distance Education Holdings Limited NYSE: DL CDEL, or the Company, a leading provider of online education and value-added services for professionals and corporate clients in China, today announced that its board of directors the Board has formed a special committee the Special Committee consisting of Ms. Carol Yu and Ms. Annabelle Yu Long, each an independent director, to review and evaluate a previously-announced non-binding proposal that the Board received on June 8, 2020 the Proposal from Mr. Zhengdong Zhu, co-founder, chairman of the Board and chief executive officer of the Company Mr. Zhu, Ms. Baohong Yin, co-founder of the Company, deputy chairman of the Board and the spouse of Mr. Zhu, and their affiliated entity collectively, the Buyer Group, to acquire all of the outstanding ordinary shares of the Company, including ordinary shares represented by American depositary shares the ADSs, each representing four ordinary shares, for US2.27 in cash per ordinary share, or US9.08 in cash per ADS the Proposed Transaction. The Special Committee has retained Goulston Storrs PC as its United States legal counsel in connection with its review and evaluation of the Proposal. 