 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 received a preliminary non-binding proposal letter dated June 8, 2020 the Proposal Letter 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. A copy of the proposal letter is attached hereto as Exhibit A. 