Zhaopin Limited Receives US$20 Million Investment From SEEK

Zhaopin Limited Receives US$20 Million Investment From SEEK

September 25, 2006

    BEIJING, Sept. 25 / Xinhua-PRNewswire/ -- Zhaopin
Limited (Zhaopin.com), one of the leading HR service
providers in China, announces that it has reached an
agreement to receive a US$20 million investment from SEEK
Limited, the largest online recruiting company in Australia
and New Zealand.  This will be Zhaopin's final round in its
pre-IPO financing.  

    As one of China's earliest professional HR service
providers, Zhaopin has achieved tremendous growth over the
last three years, growing its revenue over 100% each year. 
Zhaopin currently operates in over 30 cities in China,
offering the following services: online recruiting,
newspaper recruiting, headhunting, campus recruiting,
training, and assessment.  

    Andrew Bassat, Joint Chief Executive of SEEK, expressed
confidence in Zhaopin's current management team and in the
growth of the Chinese recruitment market.  He also said,
"As a long-term investor in Zhaopin, we will support
Zhaopin in its development into a leading player in China's
recruitment market."  

    Hao Liu, Zhaopin's Chief Executive Officer said,
"Significant growth and structural change are the two
main themes of the current recruitment market in China.  We
are confident that Zhaopin will continue its focus on
providing quality and effective services and build the
leading brand in the HR sector in China."

    About Zhaopin.com

    Founded in 1997, Zhaopin Ltd ( http://www.zhaopin.com )
is one of the most professional HR service providers in
China.  Originally started as a headhunting firm called
Alliance Executive Search in 1994, Zhaopin's unique history
has ensured a solid foundation in providing excellent
service and helped to accumulate significant experience and
numerous high profiled clients in the HR field.  

    With the proper HR licenses granted by the government,
Zhaopin can provide all-in-one HR services to large
companies, as well as fast-growing small and medium-sized
enterprises.  

    With headquarters in Beijing, Zhaopin has branch
companies in over 30 cities in China, including Shanghai,
Shenzhen, Guangzhou, Tianjin, Wuhan, Shenyang, Changchun,
Chengdu, Chongqing, Xi'an, Nanjing, Hangzhou, Ji'nan,
Qingdao and others. Since founding, Zhaopin has provided
professional HR services to over 190,000 organizations
across various industries. These services include online
recruiting, newspaper recruiting, headhunting, campus
recruiting, HR outsourcing, corporate training and staff
assessment.  

    Zhaopin has also been the sole HR sponsor to CCTV2's
"Absolute Challenge" since 2003, where we provide
our professional services in candidate selection,
assessment, interview and recommendation, as well as the
pre-screening of the recruiting companies.

    About SEEK Limited

    seek.com.au currently hosts about two thirds of all
online ads, equating to approximately 60% of all Internet
and newspaper job ads in Australia.  In any given month,
over 120,000 job advertisements are posted on the SEEK
website and approximately 2.0 million jobseekers lodge over
1 million job applications.

    For more information, please contact:

     Coco Li  
     PR Supervisor
     Marketing & PR Dept. Zhaopin Ltd.
     Tel:   [phone] x856
     Email: [e-mail]

SOURCE  Zhaopin Limited