Ambow Education Holding Ltd. Announces Pricing of Initial Public Offering on the New York Stock Exchange

BEIJING, Aug. 5, 2010 (GLOBE NEWSWIRE) -- Ambow Education Holding Ltd., ("Ambow" or the "Company") (NYSE:AMBO), a leading national provider of educational and career enhancement services in China, today announced that its initial public offering of 10,677,207 American depositary shares ("ADSs"), each representing two Class A ordinary shares of the Company, was priced at $10.00 per ADS.The ADSs will begin trading on the New York Stock Exchange on August 5, 2010 under the symbol "AMBO."

7,500,000 ADSs are being offered by Ambow and 3,177,207 ADSs are being offered by selling shareholders. The underwriters have been granted a 30-day option to purchase up to an aggregate of 1,601,582 additional ADSs from the Company to cover over-allotments. The Company will not receive any proceeds from the sale of ADSs by the selling shareholders.

J.P. Morgan Securities Inc. and Goldman Sachs (Asia) L.L.C. acted as joint bookrunners for the offering, and Macquarie Capital (USA) Inc. and Signal Hill Capital Group LLC acted as co-managers for the offering.

Ambow's registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717, United States of America; phone: +1-866-803-9204; or by contacting Goldman Sachs, Attention: Prospectus Department, 200 West Street, New York, NY 10282, United States of America; phone: +1-212-902-1171.

About Ambow Education Holding Ltd.

Ambow Education Holding Ltd. (NYSE:AMBO) is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. Ambow has two business divisions: "Better Schools," which includes K-12 schools and tutoring centers; and "Better Jobs," which includes colleges and career enhancement centers. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 30 out of the 31 provinces and autonomous regions within China.

The Ambow Education Holding Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7816