ATA Declares Special Cash Dividend of $0.43 per ADS

ATA ATAI today announced that its Board of Directors has declared a special cash dividend of US$0.215 per common share, or US$0.43 per American Depositary Share. The total amount of cash distributed in the dividend is expected to be approximately $10.0 million. The dividend will be paid on or around August 1, 2011 to all shareholders of record as of the close of business on June 30, 2011. The number of weighted average ADSs used to calculate basic and diluted earnings per ADS for the quarter ended March 31, 2011 were both 22.3 million and for the fiscal year ended March 31, 2011 were both 22.2 million. Each ADS represents two common shares. ATA had 44.6 million common shares outstanding on March 31, 2011 and 44.4 million common shares outstanding on March 31, 2010. Mr. Kevin Ma, Chairman and CEO, stated, "We feel that this special dividend is a strong indicator of our ability to produce free cash flow and allows us to return capital to our loyal shareholders."