VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 27, 2016) - China Education Resources Inc. ("CER") (TSX
VENTURE:CHN)(OTCQX:CHNUF), an edu-tech company with leading technology in intelligent system and content provider for online
learning, training courses and social media for teachers, students and education professionals, today provides shareholders and
investors with an update on its business performance.
CER recently completed non-dilutive financing for 3 million RMB (approximately $600,000) with a China bank. The $600,000 bank
loan has one year term with annual interest rate of 5.6% and is secured by the receivable of the Company. This fund will be used
for the development of new products, generate additional sales revenue as well as general working capital purposes.
"We are very pleased to have non-dilutive financing through bank loan and our creditability with China banks will provide
more options to CER for financing in future," said Chengfeng Zhou, CEO, China Education Resources. "Our goal is to deliver
profits quarter to quarter. We expect the funds will assist us to execute on our plan and generate more revenue to CER." For more
information, please visit www.chinaeducationresources.com or
Email: admin@chinaeducationresources.com.
CER has partner with Encyclopedia of China Publishing House, one of the major national publishers in China with national
distribution networks and SOXNA S.L., a Spanish company that has cooperated with some of the most famous international soccer
clubs such as Real Madrid C.F., Manchester United, Manchester City, Oporto and is also the only authorized agent for Real Madrid
licensing business in China. CER has also launched its soccer education online platform which integrates the functions of CER
online teacher training platform and school platform for soccer textbooks and online trainings.
Chinese central government announced the China School Soccer Master Plan in 2015. With the government plan, soccer education
is blossoming in China. The current China soccer market is estimated to be $200 billion. By 2025, the China sports industry is
forecasted to reach $859.9 billion, with soccer as the biggest segment.
In collaboration with China's education administrators and experts, CER has been helping to transform the curriculum of the
world's largest educational system. Recognizing the need to address education reform changes, CER has created educational tools
and curriculum for China's entire kindergarten through twelfth grade system. The Company is playing an integral part in
transforming China's educational system through helping to convert the existing educational system from a memory-based learning
system to a creative thinking and interactive approach. Presently, China Education Resources has over 1 million kindergarten
through twelfth grade teachers registered as users of its web portal.
Safe Harbor Statement
Certain statements made herein, and other statements relating to matters that are not historical facts and statements of our
beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute
"forward-looking information" within the meaning of applicable securities legislation. Forward-looking information and statements
are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan",
"estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook. All such
forward-looking information and statements are based on certain assumptions and analysis made by China Education Resources,
Inc.'s management in light of their experience and perception of historical trends, current conditions and expected future
developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are
subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially
from those projected in the forward-looking information or statements. Important factors that could cause actual results to
differ from these forward-looking statements include those described under the heading "Risks and Uncertainties" elsewhere in the
Company's MD&A filed at www.sedar.com. The reader is cautioned not to place
undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation
to revise or update these forward looking statements after the date of this document or to revise them to reflect the occurrence
of future, unanticipated events.
The TSX Venture Exchange has not reviewed, and does not accept, responsibility for the adequacy or accuracy of the contents of
this press release.