Zhaopin Limited (ZPIN)

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ZPINhttp://www.nasdaq.com/symbol/zpinTechnology2014Professional Services

Latest Zhaopin Limited (ZPIN) company news

Zhaopin Announces 2017 Top 100 Employers in China

BEIJING, Sept. 17, 2017 /PRNewswire/ -- Zhaopin Limited (ZPIN) ("Zhaopin" or the "Company"), a leading career platform[1] in China focused on connecting users with relevant job opportunities through their career lifecycle, announced the Top 100 companies nominated for "China Best Employer Award 2017"." data-reactid="11">BEIJING, Sept. 17, 2017 /PRNewswire/ -- Zhaopin Limited (ZPIN) ("Zhaopin" or the "Company"), a leading career platform[1] in China focused on connecting users with relevant job opportunities through their career lifecycle, announced the Top 100 companies nominated for "China Best Employer Award 2017".

Among this year's Top 100 Employers, 25% were from IT/telecom/electronics/internet sector, 20% from manufacturing/processing sector and 18% from trade/wholesale/retail/leasing sector. The Top 100 Employers were selected from 17,554 nominated companies, representing an increase of 80% from last year. More than 24.3 million online votes were cast by employees nationwide, which was six times of last year's total votes.

China-based and multinational companies. The "Oscar" of the human resources industry in China, the award is both a valuable reference for job seekers, and an important way for local and international employers to measure themselves and their work environment against the best in the industry." data-reactid="13">The "China Best Employer Award" was launched by Zhaopin in 2005, and has become the most influential and prestigious employer brand event for both China-based and multinational companies. The "Oscar" of the human resources industry in China, the award is both a valuable reference for job seekers, and an important way for local and international employers to measure themselves and their work environment against the best in the industry.

China has undergone profound changes with the transformation of China's economy," said Mr. Evan Guo, Chief Executive Officer and Director of Zhaopin. "In 2015, we identified the trend and defined the 'new employer economy' in which equality and cooperation had replaced the old controlling relationship. This new employer economy has continued to evolve, driven by the digital revolution."" data-reactid="14">"The employment relationship in China has undergone profound changes with the transformation of China's economy," said Mr. Evan Guo, Chief Executive Officer and Director of Zhaopin. "In 2015, we identified the trend and defined the 'new employer economy' in which equality and cooperation had replaced the old controlling relationship. This new employer economy has continued to evolve, driven by the digital revolution."

China's labor market, digital natives have become the mainstream, with shared values of openness, freedom, equality, sharing, transparency and diversity." data-reactid="15">In China's labor market, digital natives have become the mainstream, with shared values of openness, freedom, equality, sharing, transparency and diversity.

"This year's Top 100 Employers have been adapting to the trend and are making efforts to build a new relationship between individuals and organizations," Guo added. "These companies have developed more efficient and flexible organizational structures to interact with and empower employees to drive win-win growth for both employees and employers."

In this year's nominations, 37% of candidate companies were from emerging first-tier cities. With the fast growth of emerging first-tier cities, companies in these cities were trying to attract more talents to improve competitiveness. Companies with fewer than 100 employees accounted for 41% of total nominations this year. These small companies were participating to learn from industry best practices, and to build up their brands.

Zhaopin also found that this year employees were less loyal to their employers and were changing their jobs more frequently. About 36% of employees had been with their current job for less than one year, and only 4% of employees had been working for the same company for over 10 years. It is still a great challenge for employers to attract and retain employees.

This year's award selection was based on professional evaluation by a jury committee and public online voting by employees and job seekers. The jury committee consists of academic professionals, employment specialists, senior media reporters and third-party consultants. The professional evaluation focused on employer image, management, salary and benefits, growth and training, work environment and company culture. A jury team of 1,000 HR professionals reviewed the nominations made by the public.

China" data-reactid="20">2017 Top 100 Employers in China

Zhaopin 2017 Top 100 Employers

About Zhaopin Limited

China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2017, number of registered users as of June 30, 2017 and number of unique customers[2] for the three months ended June 30, 2017. The Company's over 140.0 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2017, approximately 49.3 million job postings[3] were placed on Zhaopin's platform by 613,083 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com." data-reactid="37">Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2017, number of registered users as of June 30, 2017 and number of unique customers[2] for the three months ended June 30, 2017. The Company's over 140.0 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2017, approximately 49.3 million job postings[3] were placed on Zhaopin's platform by 613,083 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.

Safe Harbor Statements

China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users' information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law." data-reactid="39">This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Zhaopin may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Zhaopin's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Zhaopin's goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its user and customer base for its online career platform; the growth of, and trends in, the markets for its services in China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users' information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law.

[1] Zhaopin's website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2017, the number of registered users as of June 30, 2017 and the number of unique customers for the three months ended June 30, 2017.

[2] A "unique customer" refers to a customer that purchases the Company's online recruitment services during a specified period. Zhaopin makes adjustments for multiple purchases by the same customer to avoid double counting. Each customer is assigned a unique identification number in the Company's information management system. Affiliates and branches of a given customer may, under certain circumstances, be counted as separate unique customers.

[3] Zhaopin calculates the number of job postings by counting the number of newly placed job postings during each respective period. Job postings that were placed prior to a specified period - even if available during such period - are not counted as job postings for such period. Any particular job posting placed on the Company's website may include more than one job opening or position.

For more information, please contact:

Daisy Wang 
Investor Relations
[email protected]" data-reactid="43">Zhaopin Limited 
Ms. Daisy Wang 
Investor Relations
[email protected]

Edmond Lococo
Phone: +86 10 6583-7510
[email protected]" data-reactid="44">ICR Beijing
Mr. Edmond Lococo
Phone: +86 10 6583-7510
[email protected]


http://www.prnewswire.com/news-releases/zhaopin-announces-2017-top-100-employers-in-china-300520942.html" data-reactid="46">View original content with multimedia:http://www.prnewswire.com/news-releases/zhaopin-announces-2017-top-100-employers-in-china-300520942.html

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Zhaopin: China White Collar Career Confidence Drops Sharply in Fall

BEIJING, Sept. 11, 2017 /PRNewswire/ -- Zhaopin Limited (ZPIN) ("Zhaopin" or the "Company"), a leading career platform[1] in China focused on connecting users with relevant job opportunities through their career lifecycle, found in its 2017 fall survey that the confidence of white-collar workers in their career outlooks waned sharply, and that they were less likely to change jobs compared with this spring." data-reactid="11">BEIJING, Sept. 11, 2017 /PRNewswire/ -- Zhaopin Limited (ZPIN) ("Zhaopin" or the "Company"), a leading career platform[1] in China focused on connecting users with relevant job opportunities through their career lifecycle, found in its 2017 fall survey that the confidence of white-collar workers in their career outlooks waned sharply, and that they were less likely to change jobs compared with this spring.

August 2017 to gauge white-collar workers' confidence in their careers, their intentions to switch jobs and their sense of belonging to the cities where they live. More than 24,300 white collar workers participated in this nationwide survey." data-reactid="12">Zhaopin conducted its fall research and survey in August 2017 to gauge white-collar workers' confidence in their careers, their intentions to switch jobs and their sense of belonging to the cities where they live. More than 24,300 white collar workers participated in this nationwide survey.

Highlights of Zhaopin survey for fall 2017:

  • The confidence of white-collar workers in their career development dropped significantly to 2.99, compared with 3.95 in the spring. The confidence index is measured from 1 to 5, with 5 as the highest.
  • Only 32% of white-collar workers were confident or very confident in their career opportunities, plummeting from 69.7% this spring.
  • More than 60% of white-collar workers were taking actions to seek new jobs in the fall, down from nearly 80% in the spring.
  • The most important reason for job-hopping was still salary/welfare, with 59.3% of white-collar workers considering a change in jobs because of unsatisfactory pay and welfare packages.
  • White-collar workers had a strong sense of belonging to the cities in which they live. The index for sense of belonging was 3.42 out of 5 in the fall 2017.

Sharp decline in confidence

The confidence of white-collar workers in their career development dropped significantly to 2.99, compared with 3.95 this spring. The confidence index is measured from 1 to 5, with 5 as the highest. In fall 2017, only 32% of white-collar workers were confident or very confident in their career opportunities, plummeting from 69.7% in the spring. Meanwhile, 34.5% of white-collars had low or no confidence in their careers in the fall, compared with only 8.6% in spring 2017.

Confidence Index 2015 - 2017

Year

Index

Spring 2015

3.72

Fall 2015

2.21

Spring 2016

3.26

Fall 2016

3.07

Spring 2017

3.95

Fall 2017

2.99

Dongguan (3.27) enjoyed the highest confidence from white-collar workers in the fall of 2017, followed by Hangzhou (3.21), Suzhou (3.12) and Nanchang (3.10). Compared with the heavy pressures in first-tier cities, white-collars workers in emerging first-tier and some second-tier cities were more confident and enthusiastic in their careers." data-reactid="24">Dongguan (3.27) enjoyed the highest confidence from white-collar workers in the fall of 2017, followed by Hangzhou (3.21), Suzhou (3.12) and Nanchang (3.10). Compared with the heavy pressures in first-tier cities, white-collars workers in emerging first-tier and some second-tier cities were more confident and enthusiastic in their careers.

Top 10 Cities in Confidence Index

Ranking

City

Index

1

Dongguan

3.27

2

Hangzhou

3.21

3

Suzhou

3.12

4

Nanchang

3.10

5

Beijing

3.06

6

Shenzhen

3.06

7

Harbin

3.05

8

Nanjing

3.04

9

Zhengzhou

3.04

10

Shenyang

3.03

In terms of work experience, the more experience, the more confident white-collar workers became. Those with over 10 years of experience had the highest confidence of 3.23, while those with less than one year of experience suffered the lowest confidence of 2.78.

Confidence Index by Work Experience

Experience

Index

Within 1 year

2.78

1-3 years

2.91

3-5 years

2.97

5-8 years

3.05

8-10 years

3.16

Over 10 years

3.23

A more cautious approach to switching jobs

With decreasing confidence, white-collar workers became more cautious in switching jobs in the fall. There were still more than 60% of white-collar workers taking actions to seek new jobs in the fall, but that was down from nearly 80% in the spring.

According to Zhaopin's survey, 13.7% of white-collar workers were in the process of quitting or onboarding in the fall, and 51% were looking for new opportunities with updated resumes. The other 31.7% of white collar workers indicated intentions to switch jobs without any action taken yet. Only 3.6% indicated that they would not consider job-hopping.

Job-hopping Intention

Intention/action

Percentage

In the process of quitting or onboarding

13.7%

Looking for new opportunities with updated resumes

51.0%

Having intention but no action yet

31.7%

No intention

3.6%

Guangzhou was the city with the highest percentage of job-hoppers (70.9%) in the fall 2017, followed by Wuhan (68.7%) and Shenzhen (68.6%)." data-reactid="35">Guangzhou was the city with the highest percentage of job-hoppers (70.9%) in the fall 2017, followed by Wuhan (68.7%) and Shenzhen (68.6%).

Top 10 Cities with Job-hopping Actions

Ranking

City

Percentage of Taking Actions

1

Guangzhou

70.9%

2

Wuhan

68.7%

3

Shenzhen

68.6%

4

Xi'an

68.5%

5

Urumqi

68.4%

6

Dongguan

68.2%

7

Shanghai

66.9%

8

Beijing

66.5%

9

Chengdu

66.2%

10

Nanchang

66.1%

The most important reason for job-hopping was salary/welfare, according to the survey, with 59.3% of white-collar workers considering a change in jobs because of unsatisfactory pay and welfare packages. Also, 44% wanted to quit their jobs due to the uncertain prospects of their companies. Promotion limits and imbalance of work and life were also key concerns for white collars to jump ship.

Reasons for Job-hopping

Reason

Percentage

Salary/welfare

59.3%

Uncertain prospects of companies

44.0%

Promotion limits

36.2%

Imbalance of work and life

23.9%

Superior-subordinate/co-workers relationship

19.9%

Not interested in current work

18.8%

Better opportunities

8.9%

Hoping to move to another city

8.3%

Others

8.5%

The fall survey found that 50.2% of white-collar workers would join start-up companies when they considered different job-hopping opportunities and 27.8% would not consider start-ups. Instability and high risk was the top reason that deterred white-collars from joining start-up companies.

Reasons for Not Choosing Start-ups

Reason

Percentage

Instability and high risk of start-ups

64.9%

Need to accumulate more experience before joining start-ups

40.3%

Limited resources at start-ups for capability improvement

27.1%

Too much pressures at start-ups

21.5%

Others

10.5%

Strong sense of belonging

Zhaopin's survey found that white-collar workers had a strong sense of belonging to the cities in which they live. The index for sense of belonging was 3.42 in the fall 2017. The belonging index is measured from 1 to 5, with 5 as the highest.

Chongqing (3.78) enjoyed the strongest sense of belonging from white-collar workers, followed by Changsha (3.74) and Shenyang (3.73). None of the four first-tier cities edged into the top 10 for sense of belonging because of their fast pace of living, high costs and competitive pressures." data-reactid="46">Chongqing (3.78) enjoyed the strongest sense of belonging from white-collar workers, followed by Changsha (3.74) and Shenyang (3.73). None of the four first-tier cities edged into the top 10 for sense of belonging because of their fast pace of living, high costs and competitive pressures.

Top 10 Cities for Sense of Belonging

Ranking

City

Index

1

Chongqing

3.78

2

Changsha

3.74

3

Shenyang

3.73

4

Tianjin

3.71

5

Shijiazhuang

3.66

6

Chengdu

3.64

7

Guiyang

3.64

8

Changchun

3.63

9

Nanjing

3.62

10

Taiyuan

3.61

The biggest contributor for sense of belonging was "good medical facilities" (57.6%) in their city, Zhaopin's survey found. Other key reasons included "parents, relatives and friends living in the same city" (48.5%), and "convenient living" (35.6%).

Reasons for Sense of Belonging

Reason

Percentage

Good medical facilities

57.6%

Parents, relatives and friends living in the same city

48.5%

Convenient living

35.6%

More opportunities with space to grow

33.1%

Used to life in the city

6.2%

The top reason for lacking a sense of belonging was "still renting without own apartment" (52.8%), followed by "high living cost and pressure" (50.2%) and "lack of significant other" (33.6%), according to Zhaopin's survey.

Reasons for Lacking a Sense of Belonging

Reason

Percentage

Still renting without own apartment

52.8%

High living cost and pressure

50.2%

Lack of significant other

33.6%

Not living with parents

33.3%

Could not adapt to local culture and environment

19.2%

Without hukou, children could not go to school

11.2%

Zhaopin's survey found that 37.4% of white-collar workers would move back to their hometowns when there's an opportunity, 23.2% already live in their hometowns and 25.1% would not go back to their hometowns.

The key reasons for willingness to return to hometowns were to be "close to parents" (78.2%), "enjoying life without much pressure" (31.1%) and "better environment" (29.7%)

Reasons for Returning to Hometowns

Reason

Percentage

Close to parents

78.2%

Enjoying life without much pressure

31.1%

Better environment

29.7%

Children could go to school

22.6%

"Used to current life and do not want to start all over again" (47.1%) was the top reason for not being willing to go back to one's hometown. "Don't want to give up current job" (40.2%) and "enjoy current convenient life" (37.9%) were also reasons that kept white-collar workers from going home.

Reasons for Not Returning to Hometowns

Reason

Percentage

Already get used to current life and do not want to start all over again

47.1%

Don't want to give up current job

40.2%

Enjoy current convenient life

37.9%

Enjoy current cultural environment

22.8%

Relatives and friends already left hometown

18.1%

About Zhaopin Limited

China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2017, number of registered users as of June 30, 2017 and number of unique customers[2] for the three months ended June 30, 2017. The Company's over 140.0 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2017, approximately 49.3 million job postings[3] were placed on Zhaopin's platform by 613,083 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com." data-reactid="67">Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2017, number of registered users as of June 30, 2017 and number of unique customers[2] for the three months ended June 30, 2017. The Company's over 140.0 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2017, approximately 49.3 million job postings[3] were placed on Zhaopin's platform by 613,083 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.

Safe Harbor Statements

China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users' information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law." data-reactid="69">This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Zhaopin may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Zhaopin's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Zhaopin's goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its user and customer base for its online career platform; the growth of, and trends in, the markets for its services in China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users' information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law.

[1] Zhaopin's website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2017, the number of registered users as of June 30, 2017 and the number of unique customers for the three months ended June 30, 2017.

[2] A "unique customer" refers to a customer that purchases the Company's online recruitment services during a specified period. Zhaopin makes adjustments for multiple purchases by the same customer to avoid double counting. Each customer is assigned a unique identification number in the Company's information management system. Affiliates and branches of a given customer may, under certain circumstances, be counted as separate unique customers.

[3] Zhaopin calculates the number of job postings by counting the number of newly placed job postings during each respective period. Job postings that were placed prior to a specified period - even if available during such period - are not counted as job postings for such period. Any particular job posting placed on the Company's website may include more than one job opening or position.

For more information, please contact:

Daisy Wang 
Investor Relations
[email protected]" data-reactid="73">Zhaopin Limited 
Ms. Daisy Wang 
Investor Relations
[email protected]

Edmond Lococo
Phone: +86 10 6583-7510
[email protected]
" data-reactid="74">ICR Beijing
Mr. Edmond Lococo
Phone: +86 10 6583-7510
[email protected]

http://www.prnewswire.com/news-releases/zhaopin-china-white-collar-career-confidence-drops-sharply-in-fall-300516912.html" data-reactid="75">View original content:http://www.prnewswire.com/news-releases/zhaopin-china-white-collar-career-confidence-drops-sharply-in-fall-300516912.html

" data-reactid="76">

Corporate News Blog - Paychex Acquires Professional Employer Organization HR Outsourcing

Research Desk Line-up: Zhaopin Post Earnings Coverage

PAYX), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=PAYX. The Company announced on August 21, 2017, that it has entered into a definitive agreement to acquire HR Outsourcing, Inc. ("HROI"), and all of its operating subsidiaries for an undisclosed amount. For immediate access to our complimentary reports, including today's coverage, register for free now at:" data-reactid="12">LONDON, UK / ACCESSWIRE / August 24, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Paychex, Inc. (NASDAQ: PAYX), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=PAYX. The Company announced on August 21, 2017, that it has entered into a definitive agreement to acquire HR Outsourcing, Inc. ("HROI"), and all of its operating subsidiaries for an undisclosed amount. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/" data-reactid="13">http://protraderdaily.com/register/

ZPIN) for due-diligence and potential coverage as the Company announced on August 15, 2017, its unaudited financial results for Q4 and FY17 which ended on June 30, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Zhaopin when we publish it." data-reactid="14">Discover more of our free reports coverage from other companies within the Staffing & Outsourcing Services industry. Pro-TD has currently selected Zhaopin Limited (NYSE: ZPIN) for due-diligence and potential coverage as the Company announced on August 15, 2017, its unaudited financial results for Q4 and FY17 which ended on June 30, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Zhaopin when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on PAYX; also brushing on ZPIN. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=PAYX" data-reactid="16">http://protraderdaily.com/optin/?symbol=PAYX

http://protraderdaily.com/optin/?symbol=ZPIN" data-reactid="17">http://protraderdaily.com/optin/?symbol=ZPIN

Following the completion of the acquisition, around 140 employees of HROI, along with the leadership team, will be offered the opportunity to become Paychex employees.

Transaction Likely to Expand Paychex's Leadership Position in HR Outsourcing Business

Martin Mucci, President and Chief Executive Officer of Paychex, mentioned that this acquisition represents Paychex's continued focus on growth, both in terms of revenue and in professional employer organization (PEO) solutions for its clients. The combination of Paychex's experience, knowledge, and resources along with the experience and fast-paced growth of HROI, positions the Company to have an even stronger presence in the industry. Martin added that Paychex is excited about the HROI team joining the Paychex family. Both the companies have a shared commitment to the PEO business, and providing human resource solutions, and hence will maximize the opportunities in the marketplace while continuing to provide exceptional service to the combined client bases.

Acquisition Supports Paychex's Expansion of its PEO Capabilities

Commenting on the acquisition, Anthony Danon, President and Chief Operating Officer of HROI, expressed his excitement about becoming part of Paychex. Anthony believes that with the support, scale, and resources of Paychex, HROI can accelerate the growth of the combined HR solutions and enhance the offerings to best serve current and future clients. He further added that both the Companies share a common vision and PEO view, and that Paychex has great respect for the comprehensive PEO solutions that HROI has built, and for its culture and team.

Paychex's Recent Partnership

On August 08, 2017, Paychex announced a partnership with the Latino Tax Professionals Association ("LTPA"), pursuant to which LTPA designated Paychex the preferred provider of payroll and HR services for the organization and its members. The partnership furthered Paychex's ongoing commitment to supporting the Hispanic accounting community with Spanish-language tools and resources.

About Professional Employer Organization

A PEO is a firm that provides a service under which an employer can outsource employee management tasks such as employee benefits, payroll, and workers' compensations, recruiting, risk/safety management, and training and development. A PEO works through a co-employment arrangement which means that the PEO contractually shares certain employer responsibilities with the company.

About Paychex, Inc.

Founded in 1971 by B. Thomas Golisano, Paychex is a recognized leader in the payroll, human resource, and benefits outsourcing industry. Based in Rochester, New York, the Company offers a wide range of services, including payroll processing, retirement services, insurance, and a fully outsourced human resource solution, and customizes its offerings to the client's business, irrespective of its size. Paychex currently serves more than one-million worksite employees across its suite of HR outsourcing solutions.

About HR Outsourcing, Inc.

Incorporated in 2001, HROI is a PEO that develops HR solutions tailored to clients' business objectives and employee needs, including HRIS, employee benefits, workers' compensation, and HR consulting and compliance. HROI draws on its extensive portfolio of HR products and services to build custom solutions that optimize HR operations for businesses across the United States.

Last Close Stock Review

At the close of trading session on Wednesday, August 23, 2017, Paychex's stock price was slightly down 0.61% to end the day at $55.77. A total volume of 1.30 million shares were exchanged during the session. The Company's shares are trading at a PE ratio of 24.74 and have a dividend yield of 3.59%. At Wednesday's closing price, the stock's net capitalization stands at $20.04 billion.

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Edited Transcript of ZPIN earnings conference call or presentation 16-Aug-17 2:30am GMT

Q4 2017 Zhaopin Ltd Earnings Call

BEIJING Aug 19, 2017 (Thomson StreetEvents) -- Edited Transcript of Zhaopin Ltd earnings conference call or presentation Wednesday, August 16, 2017 at 2:30:00am GMT

TEXT version of Transcript

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Corporate Participants

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* Daisy Wang

Zhaopin Limited - IR Manager

* Sheng Guo

Zhaopin Limited - CEO & Director

* Tianruo Pu

Zhaopin Limited - CFO

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Presentation

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Operator [1]

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Hello, ladies and gentlemen, and thank you for standing by for Zhaopin's Fourth Quarter and Fiscal Year 2017 Earnings Conference Call. (Operator Instructions) As a reminder, today's conference call is being recorded. I would now like to turn the meeting over to your host for today's call, Ms. Daisy Wang, Zhaopin's Investor Relations Manager. Please proceed, Daisy.

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Daisy Wang, Zhaopin Limited - IR Manager [2]

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Thank you, operator. Hello, everyone, and thank you for joining us today for Zhaopin's Fourth Quarter and Fiscal Year 2017 Earnings Conference Call. The company's unaudited financial results for the fourth quarter and fiscal year ended June 30, 2017, were released earlier today and are available on the company's IR website at ir.zhaopin.com.

On the call with me today are Mr. Evan Guo, Chief Executive Officer; and Mr. Robert Pu, Chief Financial Officer. Evan will discuss Zhaopin's business operations, strategy and company highlights, followed by Robert who will go through the financials. Due to the go-private transaction, we will not be hosting a Q&A session at the end of this call nor will be providing any revenue guidance.

I want to remind you that this call may contain forward-looking statements made under the safe harbor provisions of the Private Securities and Litigation Reform Act of 1995. Such statements are based on management's current expectations, current marketing and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the company's control, which may cause the company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties and factors is included in the company's filings with the U.S. Securities and Exchange Commission. The company does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise, except as required in the law.

It is now my pleasure to introduce Mr. Evan Guo. Please go ahead, Evan.

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Sheng Guo, Zhaopin Limited - CEO & Director [3]

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Thank you, Daisy. We -- Zhaopin delivered another quarter of stable growth with total revenue increasing 19.8% year-over-year, and our online recruitment service revenue is up 23.4%. The number of unique customer numbers grew by 18.4% year-over-year. Now we have more than 454,000 unique customers on our website.

Fiscal year 2017 was another solid year with our total revenue up by 24.1% to around RMB 1.9 billion. This came as a result of a strong performance by our sales team and sustained benefits derived from our continued strategy of reinvesting profit in marketing and advertising as well as product development.

As we look ahead to support our long-term growth strategy in the highly competitive market, alongside an evolving macro environment, our focus will remain on reinvestment and innovation to strengthen our platform, growing our R&D capabilities to further differentiate ourselves from our competitors. We believe this strategy is compelling and is working in our favor to support our market position as the leading career development platform in China.

Again, thank you for participating in today's call. Thank you. I now turn the call to Robert, our CFO.

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Tianruo Pu, Zhaopin Limited - CFO [4]

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Thanks, Evan, and hello to everyone on the call. In the following section of the conference call, I will highlight our fourth quarter and fiscal year 2017 financial results in more details and with year-over-year comparisons.

Please note, during my discussion, I will primarily use the Chinese currency, renminbi yuan, to discuss our financial results. But first, let me turn to the specific results of Q4 FY '17.

Total revenue was CNY 487 million, increase by 20% on a year-over-year basis. Online recruitment revenue was CNY 433 million, up by 23%. The increase was primarily driven by growth in the number of unique customers, which increased by 18% to over 454,000 unique customers. At the same time, ARPU increased by 4% on a year-over-year basis primarily due to the introduction of new products and cross selling and upselling of value-added services.

Revenue from other services was CNY 54 million, comparable on a year-over-year basis. Gross profit was CNY 451 million, increase by 23% year-over-year, largely in line with revenue growth. Gross margin was 93% as compared to 92% in the prior year period. The increase in gross margin was mainly due to quarterly product mix, mainly the increase of online revenues as a proportion of total revenue as online revenue has higher gross margin than other services.

On the expense side, operating expenses were CNY 377 million, up by 39%. Sales and marketing expenses were CNY 263 million, up by 35%, mainly due to increases in sales headcount and advertising expenses. Sales and marketing expenses was 54% of net revenue as compared to 49% in the prior year period.

G&A expenses were CNY 114 million, up by 50% from prior year period. The increase was primarily driven by increases in employee compensation expenses and professional services fees. G&A expenses as a percentage of net revenue was 24% as compared to 19% in the prior year period.

Operating income was CNY 75 million, decreased by 22% year-over-year. Operating margin was 16% in Q4 FY '17 as compared to 24% in Q4 FY '16. Net income was CNY 57 million, representing a 33% -- 36% (sic) [36.5%] decrease as compared with CNY 90 million for Q4 FY '16. This translates into basic and diluted net income per ADS of CNY 1.04 and CNY 1.02, respectively. Again, this decrease was primarily due to increase of professional services fees and the accounting impact of CNY 9 million withholding income tax expenses in relation to retained earnings from Zhaopin's PRC-based entities.

Now let me turn to the financial results for fiscal year 2017. Total revenue was CNY 1,915,000,000, an increase of 24% from fiscal year 2016. Online recruitment revenue was CNY 1,609,000,000, a 23% increase from fiscal year 2016. Zhaopin served approximately 613,000 unique customers during fiscal year 2017, a 20% increase from last year. This increase was primarily due to our increased efforts to acquire and retain customers as we continue geographic expansion and improving customer services. Revenue from other services was CNY 306 million, an increase of 30% from last year. Gross profit was CNY 1,692,000,000, a 22% increase from last year, and gross margin was 89%, which is consistent with last year.

On the expense side, operating expenses were CNY 1,394,000,000, a 29% increase from last year. Sales and marketing expenses were CNY 984 million, an increase of 27% from last year. G&A expenses were CNY 411 million, an increase of 37% from last year.

Operating income was CNY 298 million, a 3% decrease from last year. Net income was CNY 180 million, a 37% decrease from last year. Again, this decrease was mainly due to the accounting impact of withholding income tax expenses in relation to retained earnings of our PRC-based entities and the increase of professional services fees. This translates into basic and diluted earnings per ADS of CNY 3.28 and CNY 3.18. And for the full year, in U.S. dollar terms, $0.48 and $0.46, respectively.

At this point, let me briefly comment on key balance sheet and cash flow items. Cash, cash equivalents, restricted cash and time deposits were CNY 2.8 billion as of June 30, 2017, increased 21% from CNY 2.3 billion as of June 30, 2016. Operating cash flow in fiscal year 2017 was CNY 567 million, an increase of 32% from CNY 428 million in FY 2016.

This concludes my financial review section of the conference call, and now I would like to turn to Daisy.

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Daisy Wang, Zhaopin Limited - IR Manager [5]

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Thank you, Robert. As we mentioned at the start of the call, due to the go-private transaction, we will not be hosting a Q&A session on this call.

In closing, on behalf of the entire Zhaopin management team, we'd like to thank you for your interest and participation in today's call. If you require any further information or have any interest in visiting the company in China, please let us know. Thank you for joining us today. This concludes the conference call.

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Operator [6]

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The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.

Zhaopin Limited Announces Extraordinary General Meeting of Shareholders

BEIJING, Aug. 17, 2017 /PRNewswire/ -- Zhaopin Limited (ZPIN) ("Zhaopin" or the "Company"), a leading career platform[1] in China focused on connecting users with relevant job opportunities through their career lifecycle, today announced that it has called an extraordinary general meeting of shareholders (the "EGM") to be held on September 25, 2017 at 10:00 a.m. (Beijing time), at 5/F, Shoukai Square, No. 10 Furong Street, Wangjing, Chaoyang District, Beijing, The People's Republic of China. The meeting will be held to consider and vote on, among other matters, the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement") dated April 6, 2017, among the Company, SEEK International Investments Pty Ltd. ("Parent") and Zebra Mergerco, Ltd. ("Merger Company"), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the "Plan of Merger"), and the transactions contemplated thereby, including the Merger (as defined below)." data-reactid="11">BEIJING, Aug. 17, 2017 /PRNewswire/ -- Zhaopin Limited (ZPIN) ("Zhaopin" or the "Company"), a leading career platform[1] in China focused on connecting users with relevant job opportunities through their career lifecycle, today announced that it has called an extraordinary general meeting of shareholders (the "EGM") to be held on September 25, 2017 at 10:00 a.m. (Beijing time), at 5/F, Shoukai Square, No. 10 Furong Street, Wangjing, Chaoyang District, Beijing, The People's Republic of China. The meeting will be held to consider and vote on, among other matters, the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement") dated April 6, 2017, among the Company, SEEK International Investments Pty Ltd. ("Parent") and Zebra Mergerco, Ltd. ("Merger Company"), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the "Plan of Merger"), and the transactions contemplated thereby, including the Merger (as defined below).

Cayman Islands law (the "Merger"). If completed, the proposed Merger would result in the Company becoming a privately held company that is wholly owned by Parent (which is the current controlling shareholder of the Company) together with affiliates of Hillhouse Capital Management, Ltd. and FountainVest Partners (collectively, the "Buyer Group") and the American depositary shares of the Company (each representing two Class A ordinary shares) ("ADSs") will no longer be listed on the New York Stock Exchange. In addition, the ADSs and the Company's Class A ordinary shares represented by the ADSs will cease to be registered under Section 12 of the Securities Exchange Act of 1934.
" data-reactid="12">Pursuant to the Merger Agreement and the Plan of Merger, Merger Company will merge with and into the Company, with the Company surviving the merger as the surviving company under Cayman Islands law (the "Merger"). If completed, the proposed Merger would result in the Company becoming a privately held company that is wholly owned by Parent (which is the current controlling shareholder of the Company) together with affiliates of Hillhouse Capital Management, Ltd. and FountainVest Partners (collectively, the "Buyer Group") and the American depositary shares of the Company (each representing two Class A ordinary shares) ("ADSs") will no longer be listed on the New York Stock Exchange. In addition, the ADSs and the Company's Class A ordinary shares represented by the ADSs will cease to be registered under Section 12 of the Securities Exchange Act of 1934.

The Company's board of directors, acting upon the unanimous recommendation of a special committee of the Company's board of directors composed entirely of independent directors unaffiliated with the Buyer Group or any member of the management of the Company, authorized and approved the Merger Agreement, the Plan of Merger and the transactions contemplated thereby (including the Merger) and resolved to recommend that the Company's shareholders vote FOR, among other things, the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby (including the Merger).

Cayman Islands on September 4, 2017 will be entitled to attend and vote at the EGM. ADS holders as of the close of business in New York City on August 25, 2017 will be entitled to instruct JPMorgan Chase Bank, N.A., in its capacity as the ADS depositary, to vote the Class A ordinary shares represented by their ADSs at the EGM." data-reactid="14">Shareholders of record at the close of business in the Cayman Islands on September 4, 2017 will be entitled to attend and vote at the EGM. ADS holders as of the close of business in New York City on August 25, 2017 will be entitled to instruct JPMorgan Chase Bank, N.A., in its capacity as the ADS depositary, to vote the Class A ordinary shares represented by their ADSs at the EGM.

www.sec.gov). In addition, persons wanting to receive copies of the definitive proxy statement may direct such requests to the Company, at +86 (10) 58635888-68346 or via email at [email protected]." data-reactid="15">Additional information regarding the EGM and the Merger Agreement can be found in the transaction statement on Schedule 13E-3 and the proxy statement attached as Exhibit (a)-(1) thereto, as amended, filed with the U.S. Securities and Exchange Commission (the "SEC"), which can be obtained, along with other filings containing information about the Company, the proposed Merger and related matters, without charge, from the SEC's website (www.sec.gov). In addition, persons wanting to receive copies of the definitive proxy statement may direct such requests to the Company, at +86 (10) 58635888-68346 or via email at [email protected].

SHAREHOLDERS AND ADS HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND RELATED MATTERS.

The Company and certain of its directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from our shareholders with respect to the proposed Merger. Further information regarding persons who may be deemed participants, including any direct or indirect interests they may have, is also set forth in the definitive proxy statement.

This announcement is neither a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for any proxy statement or other filings that have been or will be made with the SEC.

About Zhaopin Limited

China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2017, number of registered users as of June 30, 2017 and number of unique customers[2] for the three months ended June 30, 2017. The Company's over 140.0 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2017, approximately 49.3 million job postings[3] were placed on Zhaopin's platform by 613,083 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com." data-reactid="24">Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2017, number of registered users as of June 30, 2017 and number of unique customers[2] for the three months ended June 30, 2017. The Company's over 140.0 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2017, approximately 49.3 million job postings[3] were placed on Zhaopin's platform by 613,083 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.

Safe Harbor Statements

This news release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. These forward-looking statements can be identified by terminology such as "if," "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the expected benefits and costs of the proposed Merger; the expected timing of the completion of the Merger; the parties' ability to complete the Merger considering the various closing conditions, including any conditions related to regulatory approvals; the possibility that various closing conditions to the Merger may not be satisfied or waived and other risks and uncertainties discussed in the Company's filings with the U.S. Securities and Exchange Commission, as well as the Schedule 13E-3 transaction statement and the proxy statement to be filed by the Company in connection with the Merger. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

[1] Zhaopin's website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2017, the number of registered users as of June 30, 2017 and the number of unique customers for the three months ended June 30, 2017.

[2] A "unique customer" refers to a customer that purchases the Company's online recruitment services during a specified period. Zhaopin makes adjustments for multiple purchases by the same customer to avoid double counting. Each customer is assigned a unique identification number in the Company's information management system. Affiliates and branches of a given customer may, under certain circumstances, be counted as separate unique customers.

[3] Zhaopin calculates the number of job postings by counting the number of newly placed job postings during each respective period. Job postings that were placed prior to a specified period - even if available during such period - are not counted as job postings for such period. Any particular job posting placed on the Company's website may include more than one job opening or position.

For more information, please contact:

Daisy Wang
Investor Relations 
(86-10) 5863 5888 ext. 68346
[email protected]" data-reactid="30">Zhaopin Limited
Ms. Daisy Wang
Investor Relations 
(86-10) 5863 5888 ext. 68346
[email protected]

http://www.prnewswire.com/news-releases/zhaopin-limited-announces-extraordinary-general-meeting-of-shareholders-300506081.html" data-reactid="31">View original content:http://www.prnewswire.com/news-releases/zhaopin-limited-announces-extraordinary-general-meeting-of-shareholders-300506081.html

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