Noah Education Holdings (NED) to Record non-cash Impairment of RMB55 to RMB60 Million

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Noah Education Holdings Ltd. (NYSE: NED) a leading provider of education services in China, today announced that it expects to record a non-cash impairment charge in the range of RMB55 million to RMB60 million for intangible assets and goodwill in the fourth quarter of fiscal year 2012, based on preliminary results of the Company's intangible assets impairment assessment and annual goodwill impairment test. The above charge is an estimate subject to the completion of the Company's impairment assessments.

The intangible assets and goodwill impairment charge reflects a material decline in fair value of the Company's Little New Star segment and Wentai Education segment as of June 30, 2012 and the possible adverse impact of overall economic uncertainties in China. The Company does not expect the non-cash impairment charge to have an adverse impact on its normal business operations, cash position or cash flows from operating activities.

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