SHANGHAI, March 22 /PRNewswire-Asia-FirstCall/ -- 51job, Inc. (Nasdaq:JOBS - News), a leading provider of integrated human resource services in China, regretfully announced today that Board of Directors member Dr. Xiaoyue Chen has passed away. Dr. Chen joined 51job's Board of Directors as an independent director in 2007 and served as the chairman of the nominating and corporate governance committee and a member of the audit committee.

"We are terribly saddened to learn of Dr. Chen's passing," said Rick Yan, President and Chief Executive Officer of 51job, Inc. "He was a valued member of our Board of Directors and his contribution will be deeply missed. On behalf of 51job, I extend our condolences to Dr. Chen's family and friends."

Dr. Xiaoyue Chen was the Director of the Institute of Accountancy of Tsinghua University, a senior consultant of Beijing National Accounting Institute and the Vice President of the China Appraisal Society. He also served as a board member of China Shenhua Energy Co. Ltd., China Unicom Ltd. and Yunnan Baiyao Group Co. Ltd. Dr. Chen held Bachelor, Master and Ph.D degrees in Engineering, all from Tsinghua University.

In accordance with applicable regulatory and exchange requirements, 51job anticipates adding a new independent director to serve on the audit committee by the next annual shareholders' meeting but no later than one year from March 19, 2010.

About 51job

51job, Inc. (Nasdaq:JOBS - News) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Through print advertisements in 51job Weekly and online recruitment services at http://www.51job.com , 51job enables enterprises to attract, identify and recruit employees and connects millions of job seekers with employment opportunities. 51job also provides a number of other value-added human resource services, including business process outsourcing, training, executive search and salary surveys. 51job has a call center in Wuhan and a nationwide sales office network spanning 26 cities across China.

    Third Quarter 2009 Financial Highlights:
    -- Total revenues increased 5.1% over Q3 2008 to RMB219.6 million (US$32.2
       million), exceeding the Company's guidance range of RMB198 million to
       RMB208 million
    -- Gross margin expanded to 62.4% compared with 52.7% in Q3 2008 primarily
       due to cost control and efficiency measures
    -- Operating income increased 81.6% over Q3 2008 to RMB40.1 million
       (US$5.9 million)
    -- Fully diluted earnings per common share were RMB0.65 (US$0.19 per ADS)
    -- Excluding share-based compensation expense and the impact of foreign
       currency translation loss, non-GAAP adjusted fully diluted earnings per
       common share were RMB0.77 (US$0.22 per ADS), exceeding the Company's
       guidance range of RMB0.48 to RMB0.58
    -- Cash and short-term investments increased to RMB1,173.9 million
       (US$172.0 million) as of September 30, 2009

Commenting on the results, Rick Yan, President and Chief Executive Officer of 51job, Inc., said, "We saw an improvement in market conditions in the third quarter as recruitment activity and job openings increased compared to the early part of 2009. The uptick in market demand, coupled with our successful efforts this year to realign our cost structure and drive operating efficiency, resulted in significant margin expansion and allowed us to achieve our most profitable quarter ever. With our strong brand, focus on innovation and proven execution capability, we are confident in our leadership position as the premier HR services provider in China."

Third Quarter 2009 Unaudited Financial Results

Total revenues for the third quarter ended September 30, 2009 were RMB219.6 million (US$32.2 million), an increase of 5.1% from RMB209.0 million for the same quarter in 2008.

Print advertising revenues for the third quarter of 2009 decreased 7.2% to RMB77.1 million (US$11.3 million) compared with RMB83.2 million for the same quarter in 2008. The decrease was primarily due to a lower volume of print advertising pages in 51job Weekly resulting from a decline in market demand, which was largely offset by higher average revenue per page. The estimated number of print advertising pages generated in the third quarter of 2009 decreased 23.6% to 3,213 compared with 4,204 pages in the same quarter in 2008. Although print advertising prices charged in each city have remained relatively stable, overall average revenue per page increased 21.4% over the third quarter of 2008 due to an increase in page volume contribution from cities where print advertising prices are generally higher as compared to the same quarter of the prior year.

Online recruitment services revenues for the third quarter of 2009 were RMB90.1 million (US$13.2 million), representing a 16.0% increase from RMB77.7 million for the same quarter of the prior year. The increase primarily resulted from a greater number of unique employers using the Company's online recruitment services, which was partially offset by lower average revenue per unique employer. Unique employers increased 47.0% to 91,167 in the third quarter of 2009 compared with 62,023 in the same quarter of the prior year driven by greater customer acceptance and usage of online recruitment services. Average revenue per unique employer decreased 21.1% in the third quarter of 2009 due to employers purchasing lower priced products and/or reducing their overall spending on online recruitment services as compared to the same quarter in 2008.

Other human resource related revenues for the third quarter of 2009 increased 8.6% to RMB52.4 million (US$7.7 million) from RMB48.2 million in the same quarter of 2008 principally due to greater customer demand for human resource outsourcing services, which was partially offset by lower revenues from executive search and training services.

Gross profit for the third quarter of 2009 increased 24.3% to RMB129.7 million (US$19.0 million) from RMB104.3 million for the same quarter of the prior year. Gross margin, which is equal to gross profit divided by net revenues, expanded to 62.4% in the third quarter of 2009 compared with 52.7% in the same quarter in 2008 primarily due to lower printing related and other direct expenses resulting from the implementation of cost control and efficiency measures earlier this year.

Operating expenses for the third quarter of 2009 were RMB89.6 million (US$13.1 million) compared with RMB82.3 million for the same quarter of 2008. Operating expenses as a percentage of net revenues was 43.1% for the third quarter of 2009 compared with 41.6% for the third quarter of 2008. Excluding share-based compensation expense, operating expenses as a percentage of net revenues were 40.5% in the third quarter of 2009 compared with 38.9% in the third quarter of 2008.

Sales and marketing expenses for the third quarter of 2009 increased 7.5% to RMB53.2 million (US$7.8 million) from RMB49.4 million for the same quarter of the prior year primarily due to increased commissions resulting from higher sales and greater advertising expenses, which were partially offset by lower travel and entertainment expenses compared to the same quarter in 2008.

General and administrative expenses for the third quarter of 2009 increased 11.1% to RMB36.5 million (US$5.3 million) from RMB32.8 million in the third quarter of 2008, which was largely attributable to higher employee compensation, rental and depreciation expenses incurred in the third quarter of 2009.

Income from operations for the third quarter of 2009 increased 81.6% to RMB40.1 million (US$5.9 million) from RMB22.1 million for the same quarter of the prior year. Other income in the third quarter of 2009 included tax subsidies of RMB7.4 million (US$1.1 million) compared with RMB2.9 million in the same quarter of the prior year. The Company's effective tax rate was 30.1% in the third quarter of 2009 compared with 7.4% in the third quarter of 2008, which was lower due to an adjustment for the cumulative impact of certain tax changes in 2008.

Net income for the third quarter of 2009 increased 27.0% to RMB35.9 million (US$5.3 million) from RMB28.3 million for the same quarter in 2008. Fully diluted earnings per common share for the third quarter of 2009 were RMB0.65 (US$0.10) compared with RMB0.50 for the same quarter in 2008. Fully diluted earnings per ADS for the third quarter of 2009 were RMB1.29 (US$0.19) compared with RMB1.00 in the third quarter of 2008.

In the third quarter of 2009, the Company recognized total share-based compensation expense of RMB6.5 million (US$0.9 million), unchanged from the third quarter of 2008. The Company also recognized a foreign currency translation loss of RMB86,000 (US$13,000) in the third quarter of 2009 compared with a translation loss of RMB1.5 million in the third quarter of 2008.

Excluding share-based compensation expense and the impact of foreign currency translation loss, non-GAAP adjusted income for the third quarter of 2009 increased 17.0% to RMB42.5 million (US$6.2 million) compared with RMB36.3 million for the third quarter of 2008. Non-GAAP adjusted fully diluted earnings per common share were RMB0.77 (US$0.11) in the third quarter of 2009 compared with RMB0.64 in the third quarter of 2008. Non-GAAP adjusted fully diluted earnings per ADS in the third quarter of 2009 were RMB1.53 (US$0.22) compared with RMB1.28 in the third quarter of 2008.

Nine Months 2009 Unaudited Financial Results

Total revenues for the nine months ended September 30, 2009 were RMB591.2 million (US$86.6 million), a decrease of 11.0% from RMB664.2 million in the comparable period in 2008. Income from operations for the nine months ended September 30, 2009 decreased to RMB78.6 million (US$11.5 million) from RMB90.9 million for the same period last year.

Net income for the first nine months of 2009 decreased to RMB66.1 million (US$9.7 million) from RMB69.8 million for the same period in 2008. Fully diluted earnings per common share for the first nine months of 2009 decreased to RMB1.18 (US$0.17) from RMB1.23 in the comparable period in 2008. Fully diluted earnings per ADS for the first nine months of 2009 were RMB2.37 (US$0.35) compared with RMB2.46 in the same period in 2008.

Excluding share-based compensation and foreign currency translation loss, non-GAAP adjusted net income for the nine months ended September 30, 2009 decreased to RMB87.1 million (US$12.8 million) from RMB108.2 million for the nine months ended September 30, 2008. Non-GAAP adjusted fully diluted earnings per common share were RMB1.56 (US$0.23) in first nine months of 2009 compared with RMB1.91 in the same period in 2008. Non-GAAP adjusted fully diluted earnings per ADS in the first nine months of 2009 were RMB3.12 (US$0.46) compared with RMB3.81 in the same period in 2008.

In September 2008, the Company announced that its shareholders had approved a share repurchase program authorizing the repurchase of up to US$25 million worth of outstanding ADSs. In the third quarter of 2009, the Company repurchased 273,563 ADSs, representing 547,126 common shares, in the open market for an aggregate consideration of US$3.3 million, including transaction fees. Since the inception of this share repurchase program, the Company has repurchased a total of 794,605 ADSs, representing 1,589,210 common shares, for an aggregate consideration of US$7.0 million.

As of September 30, 2009, the Company had cash and short-term investments totaling RMB1,173.9 million (US$172.0 million) compared with RMB1,074.4 million at December 31, 2008. Short-term investments consist of certificates of deposit held by the Company in banking institutions in China.

Business Outlook

Based on current market and operating conditions, and taking into consideration that the fourth quarter is historically a seasonally weak period for recruitment, the Company's revenue target for the fourth quarter of 2009 is in the estimated range of RMB215 million to RMB225 million (US$31.5 million to US$33.0 million). Excluding share-based compensation expense and any foreign currency translation loss or gain, the Company's non-GAAP fully diluted earnings target for the fourth quarter of 2009 is in the estimated range of RMB0.58 to RMB0.68 per common share (US$0.17 to US$0.20 per ADS). The Company expects aggregate share-based compensation expense in the fourth quarter of 2009 to be in the estimated range of RMB6 million to RMB7 million (US$0.9 million to US$1.0 million).

Currency Convenience Translation

For the convenience of readers, certain Renminbi amounts have been translated into U.S. dollars at the rate of RMB6.8262 to US$1.00, the noon buying rate on September 30, 2009 in New York for cable transfers of Renminbi per U.S. dollar as set forth in the H.10 weekly statistical release of the Federal Reserve Board.

Conference Call Information

Management will hold a conference call at 8:00 a.m. Eastern Time (9:00 p.m. Shanghai / Hong Kong time zone) on November 23, 2009 to discuss its third quarter 2009 financial results, operating performance and business outlook. To dial in to the call, please use conference ID 4183748 and the following telephone numbers:

US: +1-877-941-2332 Hong Kong: +852-3009-5027 International: +1-480-629-9722

The call will also be available live and on replay through 51job's investor relations website, http://ir.51job.com . Please go to the website at least fifteen minutes early to register or install any necessary audio software.

Use of Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles (GAAP), 51job uses non-GAAP measures of adjusted net income, adjusted earnings per common share and adjusted earnings per ADS, which are adjusted from results based on GAAP to exclude the impact of share-based compensation expense and foreign currency translation gain or loss. The Company believes excluding share-based compensation expense from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's core operating results as such expense is not directly attributable to the underlying performance of the Company's business operations and do not impact its cash earnings. The Company believes excluding foreign currency translation gain or loss from its non-GAAP financial measures is useful for its management and investors as such translation gain or loss is unrelated to the Company's core business operations and will not result in cash settlement nor impact the Company's cash earnings. 51job also believes these non-GAAP measures excluding share-based compensation expense and foreign currency translation gain or loss are important in helping investors to understand the Company's current financial performance and future prospects and to compare business trends among different reporting periods on a consistent basis. The presentation of these additional measures should not be considered a substitute for or superior to GAAP results or as being comparable to results reported or forecasted by other companies. The non-GAAP measures have been reconciled to GAAP measures in the attached financial statements.

About 51job

51job, Inc. (Nasdaq: JOBS - News) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Through print advertisements in 51job Weekly and online recruitment services at http://www.51job.com , 51job enables enterprises to attract, identify and recruit employees and connects millions of job seekers with employment opportunities. 51job also provides a number of other value-added human resource services, including business process outsourcing, training, executive search services and salary surveys. 51job's nationwide office network spans 26 cities in China.

Safe Harbor Statement

Statements in this release regarding targets for the fourth quarter of 2009, future business and operating results constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations, and actual results could differ materially. Among the factors that could cause actual results to differ are the number of recruitment advertisements placed, sales orders received and customer contracts executed during the remaining weeks of the fourth quarter of 2009; any accounting adjustments that may occur during the quarterly close; fluctuations in the value of the Renminbi against the U.S. dollar and other currencies; behavioral and operational changes of customers in meeting their human resource needs as they respond to evolving social, economic and political changes in China as well as stock market volatilities; introduction by its competitors of new or enhanced products or services; price competition in the market for the various human resource services that the Company provides in China; acceptance of new products and services developed or introduced by the Company outside of the human resources industry and fluctuations in general economic conditions. For additional information on these and other factors that may affect the Company's financial results, please refer to the Company's filings with the Securities and Exchange Commission. 51job undertakes no obligation to update these targets prior to announcing final results for the fourth quarter of 2009 or as a result of new information, future events or otherwise.

- Financial tables to follow - 51job, Inc. Consolidated Statements of Operations For the Three Months Ended September September September 30, 2008 30, 2009 30, 2009 (In thousands, except number of (unaudited) (unaudited) (unaudited) shares and per share data) RMB RMB USD (Note 1) Revenues: Print advertising 83,163 77,140 11,301 Online recruitment services 77,663 90,102 13,199 Other human resource related revenues 48,197 52,355 7,670 Total revenues 209,023 219,597 32,170 Less: Business and related tax (11,257) (11,586) (1,697) Net revenues 197,766 208,011 30,473 Cost of services (Note 2) (93,445) (78,309) (11,472) Gross profit 104,321 129,702 19,001 Operating expenses: Sales and marketing (Note 3) (49,437) (53,168) (7,789) General and administrative (Note 4) (32,817) (36,469) (5,343) Total operating expenses (82,254) (89,637) (13,132) Income from operations 22,067 40,065 5,869 Loss from foreign currency translation (1,533) (86) (13) Interest and investment income 7,151 3,974 582 Other income 2,863 7,436 1,090 Income before provision for income tax 30,548 51,389 7,528 Income tax expense (2,262) (15,475) (2,267) Net income 28,286 35,914 5,261 Earnings per share: Basic 0.50 0.65 0.10 Diluted 0.50 0.65 0.10 Earnings per ADS (Note 5): Basic 1.00 1.30 0.19 Diluted 1.00 1.29 0.19 Weighted average number of common shares outstanding: Basic 56,643,124 55,262,260 55,262,260 Diluted 56,728,877 55,482,240 55,482,240 Notes: 1. The conversion of RMB amounts into USD amounts is based on the noon buying rate of USD1.00=RMB6.8262 on September 30, 2009 in New York for cable transfers of RMB as set forth in the H.10 weekly statistical release of the Federal Reserve Board. 2. Includes share-based compensation expense of RMB1,192 and RMB1,036 (US$152) for the three months ended September 30, 2008 and 2009, respectively. 3. Includes share-based compensation expense of RMB1,023 and RMB891 (US$131) for the three months ended September 30, 2008 and 2009, respectively. 4. Includes share-based compensation expense of RMB4,252 and RMB4,542 (US$665) for the three months ended September 30, 2008 and 2009, respectively. 5. Each ADS represents two common shares. 51job, Inc. Consolidated Statements of Operations For the Nine Months Ended September September September 30, 2008 30, 2009 30, 2009 (In thousands, except number of (unaudited) (unaudited) (unaudited) shares and per share data) RMB RMB USD (Note 1) Revenues: Print advertising 299,535 214,873 31,478 Online recruitment services 239,380 235,735 34,534 Other human resource related revenues 125,291 140,556 20,590 Total revenues 664,206 591,164 86,602 Less: Business and related tax (34,073) (31,154) (4,564) Net revenues 630,133 560,010 82,038 Cost of services (Note 2) (286,608) (226,045) (33,114) Gross profit 343,525 333,965 48,924 Operating expenses: Sales and marketing (Note 3) (157,036) (151,297) (22,164) General and administrative (Note 4) (95,583) (104,098) (15,250) Total operating expenses (252,619) (255,395) (37,414) Income from operations 90,906 78,570 11,510 Loss from foreign currency translation (18,369) (197) (29) Interest and investment income 20,207 11,188 1,639 Other income 2,814 8,309 1,217 Income before provision for income tax 95,558 97,870 14,337 Income tax expense (25,713) (31,739) (4,650) Net income 69,845 66,131 9,687 Earnings per share: Basic 1.23 1.19 0.17 Diluted 1.23 1.18 0.17 Earnings per ADS (Note 5): Basic 2.47 2.37 0.35 Diluted 2.46 2.37 0.35 Weighted average number of common shares outstanding: Basic 56,580,854 55,729,039 55,729,039 Diluted 56,726,136 55,847,597 55,847,597 Notes: 1. The conversion of RMB amounts into USD amounts is based on the noon buying rate of USD1.00=RMB6.8262 on September 30, 2009 in New York for cable transfers of RMB as set forth in the H.10 weekly statistical release of the Federal Reserve Board. 2. Includes share-based compensation expense of RMB3,354 and RMB3,333 (US$488) for the nine months ended September 30, 2008 and 2009, respectively. 3. Includes share-based compensation expense of RMB2,883 and RMB2,866 (US$420) for the nine months ended September 30, 2008 and 2009, respectively. 4. Includes share-based compensation expense of RMB13,727 and RMB14,607 (US$2,140) for the nine months ended September 30, 2008 and 2009, respectively. 5. Each ADS represents two common shares. 51job, Inc. Reconciliation of GAAP and Non-GAAP Results For the Three Months Ended September September September 30, 2008 30, 2009 30, 2009 (In thousands, except number of (unaudited) (unaudited) (unaudited) shares and per share data) RMB RMB USD (Note 1) GAAP income before provision for income tax 30,548 51,389 7,528 Add back: Share-based compensation expense 6,467 6,469 948 Add back: Loss from foreign currency translation 1,533 86 13 Non-GAAP income before provision for income tax 38,548 57,944 8,489 Non-GAAP income tax expense (2,262) (15,473) (2,267) Non-GAAP adjusted net income 36,286 42,471 6,222 Non-GAAP adjusted earnings per share: Basic 0.64 0.77 0.11 Diluted 0.64 0.77 0.11 Non-GAAP adjusted earnings per ADS (Note 2): Basic 1.28 1.54 0.23 Diluted 1.28 1.53 0.22 Weighted average number of common shares outstanding: Basic 56,643,124 55,262,260 55,262,260 Diluted 56,728,877 55,482,240 55,482,240 For the Nine Months Ended September September September 30, 2008 30, 2009 30, 2009 (In thousands, except number of (unaudited) (unaudited) (unaudited) shares and per share data) RMB RMB USD (Note 1) GAAP income before provision for income tax 95,558 97,870 14,337 Add back: Share-based compensation expense 19,964 20,806 3,048 Add back: Loss from foreign currency translation 18,369 197 29 Non-GAAP income before provision for income tax 133,891 118,873 17,414 Non-GAAP income tax expense (25,726) (31,740) (4,650) Non-GAAP adjusted net income 108,165 87,133 12,764 Non-GAAP adjusted earnings per share: Basic 1.91 1.56 0.23 Diluted 1.91 1.56 0.23 Non-GAAP adjusted earnings per ADS (Note 2): Basic 3.82 3.13 0.46 Diluted 3.81 3.12 0.46 Weighted average number of common shares outstanding: Basic 56,580,854 55,729,039 55,729,039 Diluted 56,726,136 55,847,597 55,847,597 Notes: 1. The conversion of RMB amounts into USD amounts is based on the noon buying rate of USD1.00=RMB6.8262 on September 30, 2009 in New York for cable transfers of RMB as set forth in the H.10 weekly statistical release of the Federal Reserve Board. 2. Each ADS represents two common shares. 51job, Inc. Consolidated Balance Sheets As of December September September 31, 2008 30, 2009 30, 2009 (In thousands, except number of (audited) (unaudited) (unaudited) shares and per share data) RMB RMB USD (Note 1) ASSETS Current assets: Cash 1,058,310 976,653 143,074 Short-term investments 16,100 197,232 28,893 Accounts receivable (net of allowance of RMB2,783 and RMB3,754 as of December 31, 2008 and September 30, 2009, respectively) 19,524 18,694 2,739 Prepayments and other current assets 44,996 36,257 5,312 Deferred tax assets, current 2,322 5,005 733 Total current assets 1,141,252 1,233,841 180,751 Long-term investments 15,927 15,914 2,331 Property and equipment 205,805 187,717 27,500 Intangible assets 4,669 5,844 856 Other long-term assets 6,311 20,807 3,048 Deferred tax assets, non-current 405 286 42 Total assets 1,374,369 1,464,409 214,528 LIABILITIES Current liabilities: Accounts payable 10,511 9,947 1,457 Salary and employee related accrual 22,370 22,512 3,298 Taxes payable 13,337 30,493 4,467 Advance from customers 87,639 115,825 16,968 Other payables and accruals 12,939 12,392 1,815 Total current liabilities 146,796 191,169 28,005 Deferred tax liabilities, non-current 730 1,106 162 Total liabilities 147,526 192,275 28,167 Shareholders' equity: Common shares (US$0.0001 par value; 500,000,000 shares authorized, 56,378,139 and 55,108,969 shares issued and outstanding as of December 31, 2008 and September 30, 2009, respectively) 47 46 7 Additional paid-in capital 917,352 896,506 131,333 Statutory reserves 6,947 6,947 1,018 Other comprehensive income 1,054 1,061 155 Retained earnings 301,443 367,574 53,848 Total shareholders' equity 1,226,843 1,272,134 186,361 Total liabilities and shareholders' equity 1,374,369 1,464,409 214,528 Note 1: The conversion of RMB amounts into USD amounts is based on the noon buying rate of USD1.00=RMB6.8262 on September 30, 2009 in New York for cable transfers of RMB as set forth in the H.10 weekly statistical release of the Federal Reserve Board. For more information, please contact: Linda Chien Investor Relations 51job, Inc. Tel: +86-21-6879-6250 Email: investor.relations@51job.com

"We thank Peter for his contributions and wish him the best of luck in his future endeavors," said Rick Yan, President and Chief Executive Officer of 51job, Inc.

About 51job

51job, Inc. (Nasdaq: JOBS - News) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Through print advertisements in 51job Weekly and online recruitment services at http://www.51job.com , 51job enables enterprises to attract, identify and recruit employees and connects millions of job seekers with employment opportunities. 51job also provides a number of other value-added human resource services, including business process outsourcing, training, executive search services and salary surveys. 51job's nationwide office network spans 26 cities in China.

    For more information, please contact:

     Linda Chien
     Investor Relations
     51job, Inc.
     Tel:   +86-21-6879-6250
     Email: investor.relations@51job.com

Management will hold a conference call at 8:00 a.m. Eastern Time (9:00 p.m. Shanghai / Hong Kong time zone) on November 23, 2009 to discuss its third quarter 2009 financial results, operating performance and business outlook. To dial in to the call, please use conference ID 4183748 and the following telephone numbers:

    US:            +1-877-941-2332
    Hong Kong:     +852-3009-5027
    International: +1-480-629-9722

The call will also be available live and on replay through 51job's investor relations website, http://www.ir.51job.com . Please go to the website at least fifteen minutes early to register or install any necessary audio software.

About 51job

51job, Inc. (Nasdaq: JOBS - News) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Through print advertisements in 51job Weekly and online recruitment services at http://www.51job.com , 51job enables enterprises to attract, identify and recruit employees and connects millions of job seekers with employment opportunities. 51job also provides a number of other value-added human resource services, including business process outsourcing, training, executive search services and salary surveys. 51job's nationwide office network spans 26 cities in China.

    For more information, please contact:

     Linda Chien
     Investor Relations
     51job, Inc.
     Tel:   +86-21-6879-6250
     Email: investor.relations@51job.com

    Second Quarter 2009 Financial Highlights:
    -- Total revenues decreased 11.6% over Q2 2008 to RMB193.3 million
       (US$28.3 million), exceeding the Company's guidance range of RMB175
       million to RMB185 million
    -- Gross margin improved to 59.8% compared with 54.9% in Q2 2008 primarily
       due to the implementation of cost control and efficiency measures
    -- Fully diluted earnings per common share were RMB0.37 (US$0.11 per ADS)
    -- Excluding share-based compensation expense and the impact of foreign
       currency translation loss, non-GAAP adjusted fully diluted earnings per
       common share were RMB0.50 (US$0.14 per ADS), exceeding the Company's
       guidance range of RMB0.22 to RMB0.32
    -- Cash and short-term investments increased to RMB1,113.1 million
       (US$163.0 million) as of June 30, 2009

Commenting on the results, Rick Yan, President and Chief Executive Officer of 51job, Inc., said, "Our aggressive cost and expense management and focus on business process efficiency improvements yielded tangible results in the second quarter. We successfully drove margin expansion and delivered solid earnings despite challenging market conditions which continued to impact customer demand and revenues. Although spending per customer declined, we were pleased to see regained momentum in new customer acquisitions for our online business in the second quarter. The decisions and progress we have made to strengthen our operations and enhance our resource allocation this year reinforce our commitment to achieve sustainable growth and profitability for our shareholders over the long term."

Second Quarter 2009 Unaudited Financial Results

Total revenues for the second quarter ended June 30, 2009 were RMB193.3 million (US$28.3 million), a decrease of 11.6% from RMB218.7 million for the same quarter in 2008.

Print advertising revenues for the second quarter of 2009 decreased 28.5% to RMB67.2 million (US$9.8 million) compared with RMB93.9 million for the same quarter in 2008. The decrease was primarily due to a lower volume of print advertising pages in 51job Weekly, which was affected by a decline in market demand resulting from the continued impact of the global economic downturn and the slower economic growth environment in China. The estimated number of print advertising pages generated in the second quarter of 2009 decreased 32.9% to 2,860 compared with 4,263 pages in the same quarter in 2008. Although print advertising prices charged in each city remained relatively stable as compared to the second quarter of 2008, overall average revenue per page increased 6.6% due to an increase in page volume contribution from cities where print advertising prices are generally higher as compared to the same quarter of the prior year.

Online recruitment services revenues for the second quarter of 2009 were RMB77.4 million (US$11.3 million), representing a 7.1% decrease from RMB83.3 million for the same quarter of the prior year. The decrease primarily resulted from lower average revenue per unique employer, which was partially offset by an increase in the number of unique employers using the Company's online recruitment services. Average revenue per unique employer decreased 23.9% in the second quarter of 2009 as compared to the same quarter in 2008 due to employers purchasing lower priced products and/or reducing their overall spending on online recruitment services. Unique employers using the Company's online recruitment services increased 22.1% to 79,151 in the second quarter of 2009 compared with 64,813 in the same quarter of the prior year driven by an acceleration in customer adoption of online recruitment services.

Other human resource related revenues for the second quarter of 2009 increased 17.4% to RMB48.7 million (US$7.1 million) from RMB41.5 million in the same quarter of 2008 principally due to greater customer demand for human resource outsourcing services, which was partially offset by lower revenues from executive search and training services.

Gross profit for the second quarter of 2009 decreased 4.2% to RMB109.6 million (US$16.0 million) from RMB114.4 million for the same quarter of the prior year. Gross margin, which is equal to gross profit divided by net revenues, improved to 59.8% in the second quarter of 2009 compared with 54.9% in the same quarter in 2008 primarily due to lower printing related and other direct expenses resulting from the implementation of cost control and efficiency measures.

Operating expenses for the second quarter of 2009 were RMB82.8 million (US$12.1 million) compared with RMB84.1 million for the same quarter of 2008. Operating expenses as a percentage of net revenues was 45.2% for the second quarter of 2009 compared with 40.4% for the second quarter of 2008. Excluding share-based compensation expense, operating expenses as a percentage of net revenues was 42.1% in the second quarter of 2009 compared with 37.5% in the second quarter of 2008.

Sales and marketing expenses for the second quarter of 2009 decreased 7.1% to RMB48.5 million (US$7.1 million) from RMB52.2 million for the same quarter of the prior year primarily due to a decrease in advertising and promotion expenses and travel and entertainment expenses, which were partially offset by higher salary and benefits expenses compared to the same quarter in 2008.

General and administrative expenses for the second quarter of 2009 increased 7.4% to RMB34.3 million (US$5.0 million) from RMB31.9 million in the second quarter of 2008, which was mainly attributable to higher rental, depreciation and employee related expenses incurred in the second quarter of 2009.

Income from operations for the second quarter of 2009 was RMB26.8 million (US$3.9 million) compared with RMB30.3 million for the same quarter of the prior year. The Company's effective tax rate was 32.7% in the second quarter of 2009 compared with 36.3% in the second quarter of the prior year.

Net income for the second quarter of 2009 was RMB20.8 million (US$3.0 million) compared with RMB19.3 million for the same quarter in 2008. Fully diluted earnings per common share for the second quarter of 2009 were RMB0.37 (US$0.05) compared with RMB0.34 for the same quarter in 2008. Fully diluted earnings per ADS for the second quarter of 2009 were RMB0.74 (US$0.11) compared with RMB0.68 in the second quarter of 2008.

In the second quarter of 2009, the Company recognized total share-based compensation expense of RMB6.8 million (US$1.0 million) compared with RMB7.2 million in the second quarter of 2008. The Company also recognized a foreign currency translation loss of RMB142,000 (US$21,000) in the second quarter of 2009 compared with a translation loss of RMB6.6 million in the second quarter of 2008.

Excluding share-based compensation expense and the impact of foreign currency translation loss, non-GAAP adjusted income for the second quarter of 2009 was RMB27.7 million (US$4.1 million) compared with RMB33.1 million for the second quarter of 2008. Non-GAAP adjusted fully diluted earnings per common share were RMB0.50 (US$0.07) in the second quarter of 2009 compared with RMB0.58 in the second quarter of 2008. Non-GAAP adjusted fully diluted earnings per ADS in the second quarter of 2009 were RMB0.99 (US$0.14) compared with RMB1.17 in the second quarter of 2008.

Six Months 2009 Unaudited Financial Results

Total revenues for the six months ended June 30, 2009 were RMB371.6 million (US$54.4 million), a decrease of 18.4% from RMB455.2 million in the comparable period in 2008. Income from operations for the six months ended June 30, 2009 decreased to RMB38.5 million (US$5.6 million) from RMB68.8 million for the same period last year.

Net income for the first half of 2009 decreased to RMB30.2 million (US$4.4 million) from RMB41.6 million for the same period in 2008. Fully diluted earnings per common share for the first half of 2009 decreased to RMB0.54 (US$0.08) from RMB0.73 in the comparable period in 2008. Fully diluted earnings per ADS for the first half of 2009 were RMB1.08 (US$0.16) compared with RMB1.47 in the same period in 2008.

Excluding share-based compensation and foreign currency translation loss, non-GAAP adjusted net income for the six months ended June 30, 2009 decreased to RMB44.7 million (US$6.5 million) from RMB71.9 million for the six months ended June 30, 2008. Non-GAAP adjusted fully diluted earnings per common share were RMB0.80 (US$0.12) in first half of 2009 compared with RMB1.27 in the same period in 2008. Non-GAAP adjusted fully diluted earnings per ADS in the first half of 2009 were RMB1.59 (US$0.23) compared with RMB2.53 in the same period in 2008.

In September 2008, the Company announced that its shareholders had approved a share repurchase program authorizing the repurchase of up to US$25 million worth of outstanding ADSs. In the second quarter of 2009, the Company repurchased 148,195 ADSs, representing 296,390 common shares, in the open market for an aggregate consideration of US$1.2 million, including transaction fees. Since the inception of this share repurchase program, the Company has repurchased a total of 521,042 ADSs, representing 1,042,084 common shares, for an aggregate consideration of US$3.8 million.

As of June 30, 2009, the Company had cash and short-term investments totaling RMB1,113.1 million (US$163.0 million) compared with RMB1,074.4 million at December 31, 2008. Short-term investments consist of certificates of deposit held by the Company in banking institutions in China.

Business Outlook

For the third quarter of 2009, based on current market and operating conditions, the Company's revenue target is in the estimated range of RMB198 million to RMB208 million (US$29.0 million to US$30.5 million). Excluding share-based compensation expense and any foreign currency translation loss or gain, the Company's non-GAAP fully diluted earnings target for the third quarter of 2009 is in the estimated range of RMB0.48 to RMB0.58 per common share (US$0.14 to US$0.17 per ADS). The Company expects aggregate share-based compensation expense in the third quarter of 2009 to be in the estimated range of RMB6 million to RMB7 million (US$0.9 million to US$1.0 million).

Other Company News

In June 2009, the Company entered into an agreement to purchase office space in Wuhan Optical Valley Software Park in the city of Wuhan, China. These premises are intended to house the Company's new call center which will provide nationwide sales support and customer service. The aggregate purchase price of the premises is approximately RMB22.6 million (US$3.3 million), of which RMB13.5 million (US$2.0 million) was paid in the second quarter of 2009. The Company expects to incur additional expenses associated with taxes, renovations, moving and other related activities. The Company expects to begin occupying the new premises in early 2010.

Currency Convenience Translation

For the convenience of readers, certain Renminbi amounts have been translated into U.S. dollars at the rate of RMB6.8302 to US$1.00, the noon buying rate in New York for cable transfers of Renminbi per U.S. dollar as set forth in the H.10 weekly statistical release of the Federal Reserve Board, as of June 30, 2009.

Conference Call Information

Management of 51job will host a conference call at 9:00 p.m. Eastern Time on August 6, 2009 (9:00 a.m. Shanghai / Hong Kong time zone on August 7, 2009) to discuss second quarter 2009 results. The call will be available live and on replay through 51job's investor relations website, http://ir.51job.com . Please go to the website at least fifteen minutes early to register or install any necessary audio software. Participants may also dial into the teleconference at +1-800-238-9007 (+1-719-457-2600 for international callers) and provide the passcode 2196445. An audio replay of the conference call will be available three hours after completion through August 13, 2009, by dialing +1-888-203-1112 (+1-719-457-0820 for international callers) and entering the passcode 2196445.

Use of Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles (GAAP), 51job uses non-GAAP measures of adjusted net income, adjusted earnings per common share and adjusted earnings per ADS, which are adjusted from results based on GAAP to exclude the impact of share-based compensation expense and foreign currency translation gain or loss. The Company believes excluding share-based compensation expense from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's core operating results as such expense is not directly attributable to the underlying performance of the Company's business operations and do not impact its cash earnings. The Company believes excluding foreign currency translation gain or loss from its non-GAAP financial measures is useful for its management and investors as such translation gain or loss is unrelated to the Company's core business operations and will not result in cash settlement nor impact the Company's cash earnings. 51job also believes these non-GAAP measures excluding share-based compensation expense and foreign currency translation gain or loss are important in helping investors to understand the Company's current financial performance and future prospects and to compare business trends among different reporting periods on a consistent basis. The presentation of these additional measures should not be considered a substitute for or superior to GAAP results or as being comparable to results reported or forecasted by other companies. The non-GAAP measures have been reconciled to GAAP measures in the attached financial statements.

About 51job

51job, Inc. (Nasdaq: JOBS - News) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at http://www.51job.com , both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides a number of other human resource services, including executive search, training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 26 cities operating 22 local editions of 51job Weekly.

Safe Harbor Statement

Statements in this release regarding targets for the third quarter of 2009, future business and operating results constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations, and actual results could differ materially. Among the factors that could cause actual results to differ are the number of recruitment advertisements placed, sales orders received and customer contracts executed during the remaining weeks of the third quarter of 2009; any accounting adjustments that may occur during the quarterly close; fluctuations in the value of the Renminbi against the U.S. dollar and other currencies; behavioral and operational changes of customers in meeting their human resource needs as they respond to evolving social, economic and political changes in China as well as stock market volatilities; introduction by its competitors of new or enhanced products or services; price competition in the market for the various human resource services that the Company provides in China; acceptance of new products and services developed or introduced by the Company outside of the human resources industry and fluctuations in general economic conditions. For additional information on these and other factors that may affect the Company's financial results, please refer to the Company's filings with the Securities and Exchange Commission. 51job undertakes no obligation to update these targets prior to announcing final results for the third quarter of 2009 or as a result of new information, future events or otherwise.

                       -- Financial tables to follow --


                                 51job, Inc.
                    Consolidated Statements of Operations

                                               For the Three Months Ended
                                             June 30,   June 30,    June 30,
    (In thousands, except number of            2008       2009        2009
     shares and per share data)             (unaudited)(unaudited) (unaudited)
                                                RMB        RMB         USD
                                                                     (Note 1)
    Revenues:
        Print advertising                      93,946     67,169       9,834
        Online recruitment services            83,287     77,386      11,330
        Other human resource related
         revenues                              41,512     48,749       7,137
    Total revenues                            218,745    193,304      28,301

    Less: Business and related tax            (10,476)   (10,102)     (1,479)
    Net revenues                              208,269    183,202      26,822

    Cost of services (Note 2)                 (93,867)   (73,644)    (10,782)

    Gross profit                              114,402    109,558      16,040

    Operating expenses:
        Sales and marketing (Note 3)          (52,208)   (48,491)     (7,099)
        General and administrative (Note 4)   (31,927)   (34,301)     (5,022)
    Total operating expenses                  (84,135)   (82,792)    (12,121)

    Income from operations                     30,267     26,766       3,919
    Loss from foreign currency translation     (6,564)      (142)        (21)
    Interest and investment income              6,811      3,581         524
    Other income (expense)                       (220)       649          95

    Income before provision for income tax     30,294     30,854       4,517
    Income tax expense                        (10,984)   (10,085)     (1,477)

    Net income                                 19,310     20,769       3,040

    Earnings per share:
        Basic                                    0.34       0.37        0.05
        Diluted                                  0.34       0.37        0.05

    Earnings per ADS (Note 5):
        Basic                                    0.68       0.74        0.11
        Diluted                                  0.68       0.74        0.11

    Weighted average number of common
     shares outstanding:
        Basic                              56,576,628 55,800,083  55,800,083
        Diluted                            56,747,286 55,857,437  55,857,437


    Notes:
    1. The conversion of RMB amounts into USD amounts is based on the noon
       buying rate of USD1.00=RMB6.8302 on June 30, 2009 in New York for cable
       transfers of RMB as set forth in the H.10 weekly statistical release of
       the Federal Reserve Board.
    2. Includes share-based compensation expense of RMB1,153 and RMB1,086
       (US$159) for the three months ended June 30, 2008 and 2009,
       respectively.
    3. Includes share-based compensation expense of RMB992 and RMB934 (US$137)
       for the three months ended June 30, 2008 and 2009, respectively.
    4. Includes share-based compensation expense of RMB5,053 and RMB4,759
       (US$697) for the three months ended June 30, 2008 and 2009,
       respectively.
    5. Each ADS represents two common shares.



                                 51job, Inc.
                    Consolidated Statements of Operations

                                               For the Six Months Ended
                                             June 30,   June 30,    June 30,
    (In thousands, except number of            2008       2009        2009
     shares and per share data)            (unaudited) (unaudited) (unaudited)
                                                RMB        RMB         USD
                                                                     (Note 1)
    Revenues:
        Print advertising                     216,372    137,733      20,165
        Online recruitment services           161,717    145,633      21,322
        Other human resource related
         revenues                              77,094     88,201      12,914
    Total revenues                            455,183    371,567      54,401

    Less: Business and related tax            (22,816)   (19,568)     (2,865)
    Net revenues                              432,367    351,999      51,536

    Cost of services (Note 2)                (193,163)  (147,736)    (21,630)

    Gross profit                              239,204    204,263      29,906

    Operating expenses:
        Sales and marketing (Note 3)         (107,599)   (98,129)    (14,367)
        General and administrative (Note 4)   (62,766)   (67,629)     (9,901)
    Total operating expenses                 (170,365)  (165,758)    (24,268)

    Income from operations                     68,839     38,505       5,638
    Loss from foreign currency translation    (16,836)      (111)        (16)
    Interest and investment income             13,056      7,214       1,056
    Other income (expense)                        (49)       873         128

    Income before provision for income tax     65,010     46,481       6,806
    Income tax expense                        (23,451)   (16,264)     (2,381)

    Net income                                 41,559     30,217       4,425

    Earnings per share:
        Basic                                    0.73       0.54        0.08
        Diluted                                  0.73       0.54        0.08

    Earnings per ADS (Note 5):
        Basic                                    1.47       1.08        0.16
        Diluted                                  1.47       1.08        0.16

    Weighted average number of common
     shares outstanding:
        Basic                              56,549,376 55,966,297  55,966,297
        Diluted                            56,724,423 56,034,144  56,034,144


    Notes:
    1. The conversion of RMB amounts into USD amounts is based on the noon
       buying rate of USD1.00=RMB6.8302 on June 30, 2009 in New York for cable
       transfers of RMB as set forth in the H.10 weekly statistical release of
       the Federal Reserve Board.
    2. Includes share-based compensation expense of RMB2,162 and RMB2,297
       (US$336) for the six months ended June 30, 2008 and 2009, respectively.
    3. Includes share-based compensation expense of RMB1,860 and RMB1,975
       (US$289) for the six months ended June 30, 2008 and 2009, respectively.
    4. Includes share-based compensation expense of RMB9,475 and RMB10,065
       (US$1,474) for the six months ended June 30, 2008 and 2009,
       respectively.
    5. Each ADS represents two common shares.



                                 51job, Inc.
                 Reconciliation of GAAP and Non-GAAP Results

                                               For the Three Months Ended
                                             June 30,   June 30,    June 30,
    (In thousands, except number of            2008       2009        2009
     shares and per share data)             (unaudited)(unaudited) (unaudited)
                                                RMB        RMB         USD
                                                                     (Note 1)
    GAAP income before provision for income
     tax                                       30,294     30,854       4,517
    Add back: Share-based compensation
     expense                                    7,198      6,779         993
    Add back: Loss from foreign currency
     translation                                6,564        142          21
    Non-GAAP income before provision for
     income tax                                44,056     37,775       5,531
    Non-GAAP income tax expense               (10,992)   (10,085)     (1,477)
    Non-GAAP adjusted net income               33,064     27,690       4,054

    Non-GAAP adjusted earnings per share:
        Basic                                    0.58       0.50        0.07
        Diluted                                  0.58       0.50        0.07

    Non-GAAP adjusted earnings per ADS
     (Note 2):
        Basic                                    1.17       0.99        0.14
        Diluted                                  1.17       0.99        0.14

    Weighted average number of common
     shares outstanding:
        Basic                              56,576,628 55,800,083  55,800,083
        Diluted                            56,747,286 55,857,437  55,857,437



                                               For the Six Months Ended
                                             June 30,   June 30,    June 30,
    (In thousands, except number of            2008       2009        2009
     shares and per share data)            (unaudited) (unaudited) (unaudited)
                                                RMB        RMB         USD
                                                                     (Note 1)
    GAAP income before provision for income
     tax                                       65,010     46,481       6,805
    Add back: Share-based compensation
     expense                                   13,497     14,337       2,099
    Add back: Loss from foreign currency
     translation                               16,836        111          16
    Non-GAAP income before provision for
     income tax                                95,343     60,929       8,920
    Non-GAAP income tax expense               (23,464)   (16,267)     (2,382)
    Non-GAAP adjusted net income               71,879     44,662       6,538

    Non-GAAP adjusted earnings per share:
        Basic                                    1.27       0.80        0.12
        Diluted                                  1.27       0.80        0.12

    Non-GAAP adjusted earnings per ADS
     (Note 2):
        Basic                                    2.54       1.60        0.23
        Diluted                                  2.53       1.59        0.23

    Weighted average number of common
     shares outstanding:
        Basic                              56,549,376 55,966,297  55,966,297
        Diluted                            56,724,423 56,034,144  56,034,144


    Notes:
    1. The conversion of RMB amounts into USD amounts is based on the noon
       buying rate of USD1.00=RMB6.8302 on June 30, 2009 in New York for cable
       transfers of RMB as set forth in the H.10 weekly statistical release of
       the Federal Reserve Board.
    2. Each ADS represents two common shares.



                                 51job, Inc.
                         Consolidated Balance Sheets

                                                         As of
                                           December 31, June 30,   June 30,
    (In thousands, except number of           2008        2009       2009
     shares and per share data)             (audited)  (unaudited)(unaudited)
                                               RMB         RMB        USD
                                                                    (Note 1)
    ASSETS

    Current assets:
        Cash                                1,058,310     915,823    134,084
        Short-term investments                 16,100     197,232     28,876
        Accounts receivable (net of
         allowance of RMB2,783 and
         RMB3,534 as of December 31,
         2008 and June 30, 2009,
         respectively)                         19,524      16,610      2,432
        Prepayments and other current
         assets                                44,996      46,867      6,862
        Deferred tax assets, current            2,322       4,903        718

    Total current assets                    1,141,252   1,181,435    172,972

    Long-term investments                      15,927      15,921      2,331
    Property and equipment                    205,805     196,406     28,756
    Intangible assets                           4,669       6,402        937
    Other long-term assets                      6,311      18,653      2,731
    Deferred tax assets, non-current              405         286         42

    Total assets                            1,374,369   1,419,103    207,769

    LIABILITIES

    Current liabilities:
        Accounts payable                       10,511       9,378      1,373
        Salary and employee related accrual    22,370      17,731      2,596
        Taxes payable                          13,337      18,126      2,654
        Advance from customers                 87,639     106,578     15,604
        Other payables and accruals            12,939      14,292      2,092

    Total current liabilities                 146,796     166,105     24,319

    Deferred tax liabilities, non-current         730       1,027        150

    Total liabilities                         147,526     167,132     24,469

    Shareholders' equity:
        Common shares (US$0.0001 par value;
         500,000,000 shares authorized,
         56,378,139 and 55,637,163 shares
         issued and outstanding as of
         December 31, 2008 and June 30,
         2009, respectively)                       47          46          7
        Additional paid-in capital            917,352     912,260    133,563
        Statutory reserves                      6,947       6,947      1,017
        Other comprehensive income              1,054       1,058        155
        Retained earnings                     301,443     331,660     48,558

    Total shareholders' equity              1,226,843   1,251,971    183,300

    Total liabilities and shareholders'
     equity                                 1,374,369   1,419,103    207,769


    Note 1: The conversion of RMB amounts into USD amounts is based on the
            noon buying rate of USD1.00=RMB6.8302 on June 30, 2009 in New York
            for cable transfers of RMB as set forth in the H.10 weekly
            statistical release of the Federal Reserve Board.


    For more information, please contact:

     Linda Chien
     Investor Relations
     51job, Inc.
     Tel:   +86-21-6879-6250
     Email: investor.relations@51job.com

The call will be available live and on replay through 51job's investor relations website, http://ir.51job.com . Please go to the website at least fifteen minutes early to register or install any necessary audio software. Participants may also dial into the teleconference at +1-800-238-9007 (+1-719- 457-2600 for international callers) and provide the passcode 2196445. An audio replay of the conference call will be available three hours after completion through August 13, 2009, by dialing +1-888-203-1112 (+1-719-457- 0820 for international callers) and entering the passcode 2196445.

About 51job

51job, Inc. (Nasdaq: JOBS - News) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at http://www.51job.com , both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 26 cities operating 22 local editions of 51job Weekly.

    For more information, please contact:

     Linda Chien
     Investor Relations
     51job, Inc.
     Tel:   +86-21-6879-6250
     Email: investor.relations@51job.com

Vindicia will use this latest infusion of capital to hire new talent across the organization and expand its market presence, building on the success it has established in providing payment management services to online merchants via a software-as-a-service (SaaS) offering that combines a subscription billing solution with key fraud management capabilities.

"Online merchants have come to realize that a subscription payment management solution is more than a back-end operational issue, it is a core business imperative that goes directly to the bottom line -- for example increasing customer retention rates by up to ten percent," said Gene Hoffman, Chairman and CEO of Vindicia. "The additional funding announced today will help us to continue to scale our services to meet the demand for this solution while achieving profitability. The expertise and experience offered by David and Keith will prove valuable assets as well."

Vindicia has established a track record of success across diverse online markets. The company counts market leaders including Symantec, Intuit, Atari/Cryptic Studios and Outspark among its customers, for whom it processes over 200,000 transactions a day, projecting over 73 million total in calendar year 2009. Vindicia is also in its fourth year of compliance with the critical PCI security standard and SAS 70 auditing standard.

"Gene and his team understand that online merchants require a payment infrastructure solution developed specifically to leverage the inherent advantages of digital media and services," said Lane. "During due diligence, my firm confirmed its belief that Vindicia is the clear market leader. With a strong business model, significant revenues, a long list of marquee customers including market leaders in software, gaming, dating and online content, and a top notch management team, the additional capital announced today positions Vindicia to continue its fast growth."

About Bertelsmann Digital Media Investments (BDMI)

Bertelsmann Digital Media Investments (BDMI) is a strategic venture investor focused on innovative digital media technologies, products and distribution channels across the globe. BDMI is a wholly owned subsidiary of Bertelsmann AG, a leading international media company with over $22 billion in revenues and over 100,000 employees across more than 50 countries. For more information, visit: www.bdmifund.com.

Bertelsmann AG is an international media company encompassing television (RTL Group), book publishing (Random House), magazine publishing (Gruner + Jahr), media services (Arvato), and media clubs (Direct Group) in more than 50 countries. Bertelsmann's claim is to inspire people around the world with first-class media and communications offerings -- entertainment, information and services -- and occupy leading positions in its respective markets. The foundation of Bertelsmann's success is a corporate culture based on partnership, entrepreneurial spirit, creativity, and corporate responsibility. The company strives to bring creative new ideas to market and create value. For more information, visit: www.bertelsmann.com.

About DCM

DCM is an early stage venture capital firm supporting entrepreneurs building world-class technology companies. The firm's partners manage US$1.6 billion and have funded leading technology companies including 2Wire, 51job (NASDAQ:JOBS - News), @Motion (Openwave), About.com (The New York Times Co.), All About (Jasdaq: 2454), Arroyo (Cisco), Abound Solar, Clearwire (NASDAQ:CLWR - News), Dang Dang, eDreams (TA), Foundry Networks (NASDAQ:FDRY - News), HireRight (acquired by USIS), Internap, IPivot (Intel), Jaspersoft, JCI, Neopath Networks (Cisco), Neutral Tandem, nQuire (Siebel), OPI, PayCycle, PGP Corporation, Recourse Technologies (Symantec), RockYou, Scigineer, Sigmatel, SMIC, Sling Media (EchoStar), Ustream, VanceInfo and Vimicro. DCM offers hands-on operational guidance and access to an extensive network of resources, including close relationships with many of the Pacific Rim's leading companies and investors. For more information, please visit DCM's website at www.dcm.com.

About Leader Ventures

Leader Ventures is a private investment firm providing debt and equity financing to a diversified portfolio of private and public companies. With offices in San Francisco and Menlo Park, the firm invests primarily in the U.S. and employs a variety of loan and equity structures to invest in companies at different developmental stages, across diverse industry segments. For more information, please visit www.leaderventures.com.

About ONSET Ventures

ONSET Ventures specializes in providing an ideal mix of start-up, follow-on, and intellectual capital to entrepreneurs and early-stage technology ventures, to help transform world-class ideas into sustainable and valuable businesses, through a process of "venture craftsmanship." The firm has backed over 100 companies since 1984 and now has more than $1 billion under management. ONSET's venture craftsmanship, refined over 24 years, includes a highly-optimized tool set for risk and capital management, and a shirt-sleeves style of active collaboration with entrepreneurs that leverages the firm's substantial operating experience. That collaboration frequently begins before the closing of any financing, and typically continues throughout the life of the venture. This approach, which has become the hallmark of the firm, has resulted in a crafting of ventures that have consistently met their operational and financing milestones. In addition, it has resulted in a franchise that not only brings successful, serial entrepreneurs back to ONSET Ventures time and again, but also attracts investors who want the increasingly rare opportunity to participate in very early stage venture investing. ONSET Ventures focuses exclusively on information and medical technology-based start-ups, and has a long history of successful ventures in each of these sectors.

About Vindicia

Vindicia offers an integrated, on-demand billing and fraud management solution for online merchants. Vindicia CashBox is a best-of-breed billing system for creating and managing recurring and one-time payments and helps merchants improve customer retention and maximize profit. Vindicia ChargeGuard provides automated fraud screening and chargeback management services that enable merchants to recover lost revenue. A PCI Service Provider Level 1 company and SAS 70 Type II audited, Vindicia is a key payment management resource for some of the best-known brands on the Internet. For more information, visit www.vindicia.com.

 
Contacts:
Sanjay Sarathy
Vindicia, Inc.
650-522-4490
Email Contact
Randy Wambold
CHEN PR
781-672-3119
Email Contact

May 13, 2009 (Xinhua News Agency) -- 51job Q1 net shrinks to RMB9.4 mln

BEIJING, May 13 (Xinhua) 锝– 51job, Inc. (NASDAQ:JOBS) (JOBS.NASDAQ), a leading pr ovider of integrated human resource services in China, recently announ ced that its net income in the first quarter declined to 9.4 million y uan, from 22.2 million yuan in the same period of 2008.

The net income shifted the company's fully diluted earnings per sha re (EPS) to 0.17 yuan, far below the 0.39 yuan in the first quarter of

2009.

The company saw its quarterly revenues decrease 24.6 percent year o n year to 178.3 million yuan, but gross margin conversely improved to 56.1 percent from 55.7 percent one year earlier.

Rick Yan, President and Chief Executive Officer of 51job, Inc. note d that market demand for recruitment services in the first quarter was

down, kept waiting by the global economic crisis and the slowdown of China's economy.The company forecasted that its second quarter revenue

would reach 175-185 million yuan.

Source: Xinhua (May 13, 2009 - 4:40 AM EDT)

    First Quarter 2009 Financial Highlights:
    -- Total revenues decreased 24.6% over Q1 2008 to RMB178.3 million
       (US$26.1 million), within the Company's guidance range of RMB175 to
       RMB185 million
    -- Gross margin improved to 56.1% compared with 55.7% in Q1 2008 primarily
       due to expense reduction and cost control
    -- Fully diluted earnings per common share were RMB0.17 (US$0.05 per ADS)
    -- Excluding share-based compensation expense and the impact of foreign
       currency translation loss or gain, non-GAAP adjusted fully diluted
       earnings per common share were RMB0.30 (US$0.09 per ADS), exceeding the
       Company's guidance range of nil to RMB0.10
    -- Cash and short-term investments increased to RMB1,086.3 million
       (US$159.0 million) as of March 31, 2009

Commenting on the results, Rick Yan, President and Chief Executive Officer of 51job, Inc., said, "As we expected, market demand for recruitment services in the first quarter was significantly impacted by the global economic crisis and the slowdown of the Chinese economy. However, through cost control and financial discipline, we were able to maintain our track record of profitability and achieve better than forecasted earnings in the first quarter. We believe the measures we are currently undertaking to streamline our processes, increase productivity and more effectively allocate resources will strengthen our operations and position us for greater profitability and growth when market conditions improve."

First Quarter 2009 Unaudited Financial Results

Total revenues for the first quarter ended March 31, 2009 were RMB178.3 million (US$26.1 million), a decrease of 24.6% from RMB236.4 million for the same quarter in 2008.

Print advertising revenues for the first quarter of 2009 decreased 42.4% to RMB70.6 million (US$10.3 million) compared with RMB122.4 million for the same quarter in 2008. The decrease was primarily due to fewer print advertising pages in 51job Weekly, which was impacted by a decline in market demand resulting from the global economic crisis and slowdown of the Chinese economy during the first quarter of 2009. The estimated number of print advertising pages generated in the first quarter of 2009 decreased 36.5% to 2,916 compared with 4,593 pages in the same quarter in 2008. Print advertising prices charged in each city were relatively unchanged compared to the first quarter of 2008, but average revenue per page decreased 9.2% due to a greater contribution of advertising volume from lower priced cities.

Online recruitment services revenues for the first quarter of 2009 were RMB68.2 million (US$10.0 million), representing a 13.0% decrease from RMB78.4 million for the same quarter of the prior year. The decrease was primarily due to lower average revenue per unique employer, which was partially offset by an increase in the number of unique employers using the Company's online recruitment services. Average revenue per unique employer decreased 17.4% in the first quarter of 2009 compared to the same quarter in 2008 as employers reduced expenditures for online recruitment products and/or chose lower priced products. Unique employers using the Company's online recruitment services increased 5.3% to 63,684 in the first quarter of 2009 compared with 60,461 in the same quarter of the prior year.

Other human resource related revenues for the first quarter of 2009 increased 10.9% to RMB39.5 million (US$5.8 million) from RMB35.6 million in the same quarter of 2008 principally due to greater customer demand for human resource outsourcing services, which was partially offset by lower revenues from executive search and training services.

Gross profit for the first quarter of 2009 decreased 24.1% to RMB94.7 million (US$13.9 million) from RMB124.8 million for the same quarter of the prior year. Gross margin, which is equal to gross profit divided by net revenues, improved to 56.1% in the first quarter of 2009 compared with 55.7% in the same quarter in 2008 primarily due to lower printing related expenses and cost control.

Operating expenses for the first quarter of 2009 decreased 3.8% to RMB83.0 million (US$12.1 million) from RMB86.2 million for the same quarter of 2008 due to lower sales and marketing expenses, which was partially offset by higher general and administrative expenses. Operating expenses as a percentage of net revenues was 49.2% for the first quarter of 2009 compared with 38.5% for the first quarter of 2008. Excluding share-based compensation expense, operating expenses as a percentage of net revenues was 45.4% in the first quarter of 2009 compared with 36.1% in the first quarter of 2008.

Sales and marketing expenses for the first quarter of 2009 decreased 10.4% to RMB49.6 million (US$7.3 million) from RMB55.4 million for the same quarter of the prior year primarily due to a decrease in advertising and promotion expenses, which was partially offset by higher salary and benefits expenses resulting from a greater number of staff employed as compared to the same quarter in 2008.

General and administrative expenses for the first quarter of 2009 increased 8.1% to RMB33.3 million (US$4.9 million) from RMB30.8 million in the first quarter of 2008, which was mainly attributable to higher rental expenses, property management fees and share-based compensation expense.

Income from operations for the first quarter of 2009 decreased to RMB11.7 million (US$1.7 million) from RMB38.6 million for the same quarter of the prior year. The Company's effective tax rate was 39.5% in the first quarter of 2009 compared with 35.9% in the first quarter of the prior year as certain non-tax deductible expenses, including share-based compensation, comprised a higher portion of the taxable income base.

Net income for the first quarter of 2009 decreased to RMB9.4 million (US$1.4 million) from RMB22.2 million for the same quarter in 2008. Fully diluted earnings per common share for the first quarter of 2009 were RMB0.17 (US$0.02) compared with RMB0.39 for the same quarter in 2008. Fully diluted earnings per ADS for the first quarter of 2009 were RMB0.34 (US$0.05) compared with RMB0.78 in the first quarter of 2008.

In the first quarter of 2009, the Company recognized total share-based compensation expense of RMB7.6 million (US$1.1 million) compared with RMB6.3 million in the first quarter of 2008. The Company also recognized a foreign currency translation gain of RMB31 thousand (US$5 thousand) in the first quarter of 2009 due to the slight depreciation of the Renminbi against the U.S. dollar, compared with a translation loss of RMB10.3 million in the first quarter of 2008.

Excluding share-based compensation expense and the impact of foreign currency translation, non-GAAP adjusted income for the first quarter of 2009 decreased to RMB17.0 million (US$2.5 million) from RMB38.8 million for the first quarter of 2008. Non-GAAP adjusted fully diluted earnings per common share were RMB0.30 (US$0.04) in the first quarter of 2009 compared with RMB0.68 in the first quarter of 2008. Non-GAAP adjusted fully diluted earnings per ADS in the first quarter of 2009 were RMB0.60 (US$0.09) compared with RMB1.37 in the first quarter of 2008.

In September 2008, the Company announced that its shareholders had approved a share repurchase program authorizing the repurchase of up to US$25 million worth of outstanding ADSs. In the first quarter of 2009, the Company repurchased 236,020 ADSs, representing 472,040 common shares, in the open market for an aggregate consideration of US$1.6 million, including transaction fees.

As of March 31, 2009, the Company had cash and short-term investments totaling RMB1,086.3 million (US$159.0 million) compared with RMB1,074.4 million at December 31, 2008.

Business Outlook

For the second quarter of 2009, based on current market and operating conditions, the Company's revenue target is in the estimated range of RMB175 million to RMB185 million (US$25.6 million to US$27.1 million). Excluding share-based compensation expense and any foreign currency translation loss or gain, the Company's non-GAAP fully diluted earnings target for the second quarter of 2009 is in the estimated range of RMB0.22 to RMB0.32 per common share (US$0.06 to US$0.09 per ADS). The Company expects aggregate share-based compensation expense in the second quarter of 2009 to be in the estimated range of RMB7 to RMB8 million (US$1.0 million to US$1.2 million).

Currency Convenience Translation

For the convenience of readers, certain Renminbi amounts have been translated into U.S. dollars at the rate of RMB6.8329 to US$1.00, the noon buying rate in New York for cable transfers of Renminbi per U.S. dollar as set forth in the H.10 weekly statistical release of the Federal Reserve Board, as of March 31, 2009.

Conference Call Information

Management of 51job will host a conference call at 9:00 p.m. Eastern Time on May 11, 2009 (9:00 a.m. Shanghai / Hong Kong time zone on May 12, 2009) to discuss first quarter 2009 results. The call will be available live and on replay through 51job's investor relations website, http://ir.51job.com . Please go to the website at least fifteen minutes early to register or install any necessary audio software. Participants may also dial into the teleconference at +1-877-856-1964 (+1-719-325-4780 for international callers) and provide the passcode 4361812. An audio replay of the conference call will be available three hours after completion through May 18, 2009, by dialing +1-888-203-1112 (+1-719-457-0820 for international callers) and entering the passcode 4361812.

Use of Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles (GAAP), 51job uses non-GAAP measures of adjusted net income, adjusted earnings per common share and adjusted earnings per ADS, which are adjusted from results based on GAAP to exclude the impact of share-based compensation expense and foreign currency translation gain or loss. The Company believes excluding share-based compensation expense from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's core operating results as such expense is not directly attributable to the underlying performance of the Company's business operations and do not impact its cash earnings. The Company believes excluding foreign currency translation gain or loss from its non-GAAP financial measures is useful for its management and investors as such translation gain or loss is unrelated to the Company's core business operations and will not result in cash settlement nor impact the Company's cash earnings. 51job also believes these non-GAAP measures excluding share-based compensation expense and foreign currency translation gain or loss are important in helping investors to understand the Company's current financial performance and future prospects and to compare business trends among different reporting periods on a consistent basis. The presentation of these additional measures should not be considered a substitute for or superior to GAAP results or as being comparable to results reported or forecasted by other companies. The non-GAAP measures have been reconciled to GAAP measures in the attached financial statements.

About 51job

51job, Inc. (Nasdaq: JOBS - News) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at http://www.51job.com , both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 26 cities operating 22 local editions of 51job Weekly.

Safe Harbor Statement

Statements in this release regarding targets for the second quarter of 2009, future business and operating results constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations, and actual results could differ materially. Among the factors that could cause actual results to differ are the number of recruitment advertisements placed, sales orders received and customer contracts executed during the remaining weeks of the second quarter of 2009; any accounting adjustments that may occur during the quarterly close; fluctuations in the value of the Renminbi against the U.S. dollar and other currencies; behavioral and operational changes of customers in meeting their human resource needs as they respond to evolving social, economic and political changes in China as well as stock market volatilities; introduction by its competitors of new or enhanced products or services; price competition in the market for the various human resource services that the Company provides in China; acceptance of new products and services developed or introduced by the Company outside of the human resources industry and fluctuations in general economic conditions. For additional information on these and other factors that may affect the Company's financial results, please refer to the Company's filings with the Securities and Exchange Commission. 51job undertakes no obligation to update these targets prior to announcing final results for the second quarter of 2009 or as a result of new information, future events or otherwise.

                        - Financial tables to follow -



                                 51job, Inc.
                    Consolidated Statements of Operations

                                               For the Three Months Ended
                                            March 31,  March 31,   March 31,
                                              2008       2009        2009
    (In thousands, except number of shares
     and per share data)                   (unaudited)(unaudited) (unaudited)
                                               RMB        RMB     USD (Note 1)
    Revenues:
        Print advertising                     122,426     70,564      10,327
        Online recruitment services            78,430     68,247       9,988
        Other human resource related
         revenues                              35,582     39,452       5,774
    Total revenues                            236,438    178,263      26,089

    Less: Business and related tax            (12,340)    (9,466)     (1,385)
    Net revenues                              224,098    168,797      24,704

    Cost of services (Note 2)                 (99,296)   (74,092)    (10,843)

    Gross profit                              124,802     94,705      13,861

    Operating expenses:
        Sales and marketing (Note 3)          (55,391)   (49,638)     (7,265)
        General and administrative (Note 4)   (30,839)   (33,328)     (4,878)
    Total operating expenses                  (86,230)   (82,966)    (12,143)

    Income from operations                     38,572     11,739       1,718
    (Loss) Gain from foreign currency
     translation                              (10,272)        31           5
    Interest and investment income              6,245      3,633         532
    Other income                                  171        224          33

    Income before provision for income tax     34,716     15,627       2,288
    Income tax expense                        (12,467)    (6,179)       (904)

    Net income                                 22,249      9,448       1,384

    Earnings per share:
        Basic                                    0.39       0.17        0.02
        Diluted                                  0.39       0.17        0.02

    Earnings per ADS (Note 5):
        Basic                                    0.79       0.34        0.05
        Diluted                                  0.78       0.34        0.05

    Weighted average number of common
     shares outstanding:
        Basic                              56,522,125 56,134,358  56,134,358
        Diluted                            56,701,560 56,212,697  56,212,697


    Notes:
    1. The conversion of RMB amounts into USD amounts is based on the noon
       buying rate of USD1.00=RMB6.8329 on March 31, 2009 in New York for
       cable transfers of RMB as set forth in the H.10 weekly statistical
       release of the Federal Reserve Board.
    2. Includes share-based compensation expense of RMB1,009 and RMB1,211
       (US$177) for the three months ended March 31, 2008 and 2009,
       respectively.
    3. Includes share-based compensation expense of RMB868 and RMB1,041
       (US$152) for the three months ended March 31, 2008 and 2009,
       respectively.
    4. Includes share-based compensation expense of RMB4,422 and RMB5,306
       (US$777) for the three months ended March 31, 2008 and 2009,
       respectively.
    5. Each ADS represents two common shares.



                                 51job, Inc.
                 Reconciliation of GAAP and Non-GAAP Results

                                               For the Three Months Ended
                                            March 31,  March 31,    March 31,
                                              2008       2009         2009
    (In thousands, except number of shares
     and per share data)                   (unaudited)(unaudited)  (unaudited)
                                               RMB        RMB      USD (Note 1)

    GAAP income before provision for
     income tax                                34,716     15,627       2,288
    Add back: Share-based compensation
     expense                                    6,299      7,558       1,106
    Add back: Loss (Gain) from foreign
     currency translation                      10,272        (31)         (5)
    Non-GAAP income before provision for
     income tax                                51,287     23,154       3,389
    Non-GAAP income tax expense               (12,472)    (6,182)       (905)
    Non-GAAP adjusted net income               38,815     16,972       2,484

    Non-GAAP adjusted earnings per share:
        Basic                                    0.69       0.30        0.04
        Diluted                                  0.68       0.30        0.04

    Non-GAAP adjusted earnings
     per ADS (Note 2):
        Basic                                    1.37       0.60        0.09
        Diluted                                  1.37       0.60        0.09

    Weighted average number of common
     shares outstanding:
        Basic                              56,522,125 56,134,358  56,134,358
        Diluted                            56,701,560 56,212,697  56,212,697

    Notes:
    1. The conversion of RMB amounts into USD amounts is based on the noon
       buying rate of USD1.00=RMB6.8329 on March 31, 2009 in New York for
       cable transfers of RMB as set forth in the H.10 weekly statistical
       release of the Federal Reserve Board.
    2. Each ADS represents two common shares.



                                 51job, Inc.
                         Consolidated Balance Sheets

                                                          As of
                                           December 31,  March 31,  March 31,
                                              2008         2009       2009
    (In thousands, except number of shares
     and per share data)                    (audited)  (unaudited) (unaudited)
                                               RMB         RMB     USD (Note 1)
    ASSETS
    Current assets:
        Cash                                1,058,310   1,066,970    156,152
        Short-term investments                 16,100      19,300      2,825
        Accounts receivable (net of
         allowance of RMB2,783 and
         RMB3,153 as of December 31,
         2008 and March 31, 2009,
         respectively)                         19,524      16,907      2,474
        Prepayments and other
         current assets                        44,996      47,584      6,964
        Deferred tax assets, current            2,322       2,451        359

    Total current assets                    1,141,252   1,153,212    168,774

    Long-term investments                      15,927      15,930      2,331
    Property and equipment                    205,805     202,229     29,596
    Intangible assets                           4,669       7,066      1,034
    Other long-term assets                      6,311       5,606        821
    Deferred tax assets, non-current              405         325         48

    Total assets                            1,374,369   1,384,368    202,604

    LIABILITIES

    Current liabilities:
        Accounts payable                       10,511      11,136      1,630
        Salary and employee related accrual    22,370      14,146      2,070
        Taxes payable                          13,337      15,035      2,200
        Advance from customers                 87,639      95,437     13,967
        Other payables and accruals            12,939      14,764      2,161

    Total current liabilities                 146,796     150,518     22,028

    Deferred tax liabilities, non-current         730         941        138

    Total liabilities                         147,526     151,459     22,166

    Shareholders' equity:
        Common shares (US$0.0001 par value;
         500,000,000 shares authorized,
         56,378,139 and 55,923,979 shares
         issued and outstanding as of
         December 31, 2008 and March 31,
         2009, respectively)                       47          46          7
        Additional paid-in capital            917,352     913,971    133,760
        Statutory reserves                      6,947       6,947      1,017
        Other comprehensive income              1,054       1,054        154
        Retained earnings                     301,443     310,891     45,500

    Total shareholders' equity              1,226,843   1,232,909    180,438

    Total liabilities and shareholders'
     equity                                 1,374,369   1,384,368    202,604


    Note 1: The conversion of RMB amounts into USD amounts is based on the
        noon buying rate of USD1.00=RMB6.8329 on March 31, 2009 in New York
        for cable transfers of RMB as set forth in the H.10 weekly statistical
        release of the Federal Reserve Board.


    For more information, please contact:

     Linda Chien
     Investor Relations
     51job, Inc.
     Tel:   +86-21-6879-6250
     Email: investor.relations@51job.com

The call will be available live and on replay through 51job's investor relations website, http://ir.51job.com . Please go to the website at least fifteen minutes early to register or install any necessary audio software. Participants may also dial into the teleconference at +1-877-856-1964 (+1-719-325-4780 for international callers) and provide the passcode 4361812. An audio replay of the conference call will be available three hours after completion through May 18, 2009, by dialing +1-888-203-1112 (+1-719-457-0820 for international callers) and entering the passcode 4361812.

About 51job

51job, Inc. (Nasdaq: JOBS) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at www.51job.com, both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 26 cities operating 22 local editions of 51job Weekly.

    For more information, please contact:

     Linda Chien
     Investor Relations
     51job, Inc.
     Tel:   +86-21-6879-6250
     Email: investor.relations@51job.com

SOURCE 51job, Inc.

Source: PR Newswire (April 29, 2009 - 5:30 AM EDT)

"Leveraging the knowledge gained during our business alliance, we are confident that 51job will continue to be an innovator of HR services in China, offering a superior and comprehensive suite of services to serve the evolving needs of employers. The termination of the business alliance agreement will provide flexibility and enable both 51job and Recruit to pursue business opportunities independently as well as cooperatively. While our agreement with Recruit will officially end, we will continue to work together on China-based businesses jointly developed under the terms of the agreement, such as the coupon advertising services company," said Rick Yan, President and Chief Executive Officer of 51job.

"The business alliance agreement was intended to provide a framework for exploring potential business collaborations between 51job and Recruit in China for an anticipated three-year period. Although a formal agreement will no longer be in place, we remain committed to our investment in 51job and support the company's future growth and development," said Hiroyuki Honda, Director of 51job and Director and Executive Vice President of Recruit.

As of December 31, 2008, Recruit owned approximately 22.3 million common shares of 51job, representing 39.3% of fully diluted shares outstanding.

About 51job

51job, Inc. (Nasdaq: JOBS - News) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at http://www.51job.com , both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 26 cities operating 22 local editions of 51job Weekly.

About Recruit

Founded in 1963 and privately held, Recruit Co., Ltd. is a leading provider of human resource services in Japan. Recruit's services are delivered through multiple platforms including recruitment advertising magazines, Internet websites and mobile phones. Recruit also provides information services products in other business areas such as learning, real estate, automobiles and coupons.

Safe Harbor Statement

Statements in this release regarding 51job, Inc's future business prospects constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations, and actual results could differ materially. Among the factors that could cause actual results to differ are behavioral and operational changes of customers in meeting their human resource needs as they respond to evolving social, economic and political changes in China as well as stock market volatilities; introduction by its competitors of new or enhanced products or services; price competition in the market for the various human resource services that the Company provides in China; acceptance of new products and services developed or introduced by the Company outside of the human resources industry and fluctuations in general economic conditions. For additional information on these and other factors that may affect the Company's financial results, please refer to the Company's filings with the Securities and Exchange Commission. 51job undertakes no obligation to update these statements or as a result of new information, future events or otherwise.

    For further information, please contact:

    51job, Inc.
     Linda Chien
     Investor Relations
     Tel:   +86-21-6879-6250
     Email: investor.relations@51job.com

Mr. Peter Lui has joined the Company as its Chief Financial Officer. Prior to joining 51job, he was the Asia Pacific Area Controller for Google Inc., overseeing regions including Japan, Korea, Greater China, India, Australia and New Zealand. During his tenure, Mr. Lui was involved in the development of Google's Asia Pacific operations, particularly in the Greater China region from its initial start-up phase. Prior to Google, Mr. Lui held Finance Director positions at Saatchi & Saatchi China, a leading international advertising agency, Oracle China and Compaq Computer China, representing over 13 years of continuous PRC managerial responsibilities within various multinational corporations. Mr. Lui received his Bachelor of Business Administration from the University of Massachusetts, Amherst and his Master of Business Administration from Suffolk University in Boston, Massachusetts.

"I am delighted to welcome Peter to our company," said Rick Yan, President and Chief Executive Officer of 51job, Inc. "With his extensive experience in China, especially in the media and technology industries, he brings a wealth of financial and operational knowledge to our management team."

Ms. Kathleen Chien, formerly the Company's Senior Vice President and Chief Financial Officer, has been promoted to the newly created position of Chief Operating Officer. Ms. Chien is a co-founder of the Company and has been responsible for managing various functions and operations over the past 10 years at 51job.

Mr. Yan added, "Kathleen's leadership has been integral in building 51job into the premier brand and innovator in the human resources industry in China. In the coming months, she will work closely with Peter to transition her existing responsibilities, and will concentrate on strategic development and new business initiatives in her new role as Chief Operating Officer."

About 51job

51job, Inc. (Nasdaq: JOBS - News) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at http://www.51job.com , both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 26 cities operating 22 local editions of 51job Weekly.

    For further information, please contact:

    51job, Inc.
     Linda Chien
     Investor Relations
     Tel:   +86-21-6879-6250
     Email: investor.relations@51job.com

    Fourth Quarter 2008 Financial Highlights:
    -- Total revenues decreased 8.1% over Q4 2007 to RMB196.2 million (US$28.8
       million), but exceeded the Company's guidance range of RMB185 to RMB195
       million
    -- Gross margin of 51.0% compared with 55.8% in Q4 2007
    -- Operating income decreased to RMB5.9 million (US$0.9 million)
    -- Fully diluted earnings per common share were RMB0.12 (US$0.04 per ADS)
    -- Excluding share-based compensation expense and foreign currency
       translation gain, non-GAAP adjusted fully diluted earnings per common
       share were RMB0.24 (US$0.07 per ADS), within the Company's guidance
       range of RMB0.20 to RMB0.30
    -- Cash and short-term investments totaling RMB1,074.4 million (US$157.5
       million) as of December 31, 2008

    Fiscal Year 2008 Financial Highlights:
    -- Total revenues increased 1.9% over 2007 to RMB860.4 million (US$126.1
       million)
    -- Gross margin of 53.7% compared with 56.3% in 2007
    -- Operating income decreased 31.2% over 2007 to RMB96.8 million (US$14.2
       million)
    -- Fully diluted earnings per common share were RMB1.35 (US$0.40 per ADS)
    -- Excluding share-based compensation expense and foreign currency
       translation loss, non-GAAP adjusted income decreased 19.6% over 2007 to
       RMB121.8 million (US$17.8 million) and non-GAAP adjusted fully diluted
       earnings per common share were RMB2.15 (US$0.63 per ADS)

Commenting on the results, Rick Yan, President and Chief Executive Officer of 51job, Inc., said, "Hiring activity slowed materially in the fourth quarter as many corporate customers scaled back their recruitment efforts and cut spending in the face of worsening global economic conditions. The current market sentiment among employers in China continues to be highly cautious and we believe it will remain so throughout 2009 as companies navigate through these unprecedented and challenging times."

"Partially offsetting the effect of the economic downturn on our recruitment businesses, we were pleased that our other HR related services maintained solid growth momentum throughout last year. We believe that our ongoing investments in corporate training and HR outsourcing services have provided us with a significant competitive advantage, enabling us to build deeper relationships with customers and capture a greater share of corporate HR budgets. With our diverse product portfolio, premier brand name and strong balance sheet, we believe that we are in a strong position to capitalize on opportunities in 2009 and beyond," said Mr. Yan.

Fourth Quarter 2008 Unaudited Financial Results

Total revenues for the fourth quarter ended December 31, 2008 were RMB196.2 million (US$28.8 million), a decrease of 8.1% from RMB213.6 million for the same quarter in 2007.

Print advertising revenues for the fourth quarter of 2008 decreased 37.4% to RMB59.7 million (US$8.8 million) from RMB95.4 million for the same quarter in 2007. The decrease was primarily due to lower average revenue per page resulting from higher revenue contribution from lower priced cities and less page volume in 51job Weekly, which was impacted by a slowdown in market demand and reduced hiring activity during the fourth quarter of 2008. Print advertising prices charged in each city were relatively unchanged compared with rates in the fourth quarter of 2007, but average revenue per page decreased 28.2% over the same quarter in 2007 as lower priced cities comprised a larger portion of print advertising volumes. The estimated number of print advertising pages generated in the fourth quarter of 2008 decreased 12.9% to 3,452 compared with 3,962 pages in the same quarter in 2007.

Online recruitment services revenues for the fourth quarter of 2008 decreased 5.4% to RMB72.7 million (US$10.7 million) from RMB76.9 million for the same quarter in 2007. The decrease was primarily the result of a decline in market demand and reduced corporate spending on online recruitment products. Average revenue per unique employer decreased 4.6% in the fourth quarter of 2008 compared to the same quarter in 2007. Unique employers using the Company's online recruitment services decreased 0.9% to 57,071 in the fourth quarter of 2008 from 57,565 in the same quarter of the prior year.

Executive search revenues for the fourth quarter of 2008 was RMB2.4 million (US$0.3 million) compared with RMB4.0 million for the same quarter in 2007. For the fourth quarter of 2008, other human resource related revenues grew 64.5% to RMB61.4 million (US$9.0 million) from RMB37.3 million in the fourth quarter of 2007 principally due to greater customer demand for human resource outsourcing services as well as the inclusion of RMB5.8 million (US$0.8 million) in service fees from certain newspaper contractors in the fourth quarter of 2008.

Gross profit for the fourth quarter of 2008 was RMB94.5 million (US$13.8 million) compared with RMB112.8 million for the same quarter of the prior year. Gross margin, which is equal to gross profit divided by net revenues, decreased to 51.0% in the fourth quarter of 2008 compared with 55.8% in the same quarter in 2007.

Operating expenses for the fourth quarter of 2008 were RMB88.6 million (US$13.0 million) compared with RMB92.4 million for the same quarter in 2007. Operating expenses as a percentage of net revenues was 47.8% for the fourth quarter of 2008 compared with 45.7% for the fourth quarter of 2007. Excluding share-based compensation expense, operating expenses as a percentage of net revenues was 44.4% in the fourth quarter of 2008 compared with 42.7% for the fourth quarter of 2007.

Sales and marketing expenses for the fourth quarter of 2008 increased 6.4% to RMB58.2 million (US$8.5 million) from RMB54.7 million for the same quarter in 2007 primarily due to increased labor costs from staff additions and higher wage levels compared to the fourth quarter of 2007.

General and administrative expenses for the fourth quarter of 2008 decreased 19.5% to RMB30.4 million (US$4.5 million) from RMB37.8 million in the fourth quarter of 2007. The decrease was primarily due to a RMB9.7 million loss provision related to a third party contractor recorded in the fourth quarter of 2007, partially offset by higher rental, property management and office expenses in the fourth quarter of 2008 as compared to the same quarter in 2007.

Income from operations for the fourth quarter of 2008 decreased to RMB5.9 million (US$0.9 million) from RMB20.4 million for the same quarter of the prior year. The Company's effective tax rate increased to 44.7% in the fourth quarter of 2008 compared with 33.4% in the fourth quarter of the prior year as certain non-tax deductible expenses, including share-based compensation, comprised a higher portion of the taxable income base.

Net income for the fourth quarter of 2008 decreased to RMB6.8 million (US$1.0 million) from RMB13.7 million for the same quarter in 2007. Fully diluted earnings per common share for the fourth quarter of 2008 were RMB0.12 (US$0.02) compared with RMB0.24 for the same quarter in 2007. Fully diluted earnings per ADS for the fourth quarter of 2008 were RMB0.24 (US$0.04) compared with RMB0.48 in the fourth quarter of 2007.

In the fourth quarter of 2008, the Company recognized total share-based compensation expense of RMB7.5 million (US$1.1 million) compared with RMB7.3 million in the fourth quarter of 2007. The Company also recognized a foreign currency translation gain of RMB0.6 million (US$0.1 million) in the fourth quarter of 2008 compared with a translation loss of RMB7.4 million in the fourth quarter of 2007 resulting from the slight depreciation of the Renminbi against the U.S. dollar during the last quarter of 2008.

Excluding share-based compensation expense and the impact of foreign currency translation, non-GAAP adjusted income for the fourth quarter of 2008 decreased to RMB13.6 million (US$2.0 million) from RMB28.4 million for the fourth quarter of 2007. Non-GAAP adjusted fully diluted earnings per common share were RMB0.24 (US$0.04) in the fourth quarter of 2008 compared with RMB0.50 in the fourth quarter of 2007. Non-GAAP adjusted fully diluted earnings per ADS in the fourth quarter of 2008 were RMB0.48 (US$0.07) compared with RMB1.00 in the fourth quarter of 2007.

Fiscal Year 2008 Unaudited Financial Results

Total revenues for 2008 were RMB860.4 million (US$126.1 million), an increase of 1.9% from RMB844.3 million in 2007. Income from operations for 2008 decreased 31.2% to RMB96.8 million (US$14.2 million) from RMB140.7 million for 2007.

The estimated number of print advertising pages generated in 2008 was 16,512 compared with 16,568 estimated pages in 2007. Unique employers using the Company's online recruitment services grew 9.0% to 102,562 in 2008 from 94,125 in 2007. Employers who purchase online services multiple times or in multiple quarters throughout the fiscal year are counted as one unique employer for the annual total.

Net income for 2008 decreased 26.0% to RMB76.6 million (US$11.2 million) compared with RMB103.6 million for 2007. Fully diluted earnings per common share for 2008 decreased to RMB1.35 (US$0.20) from RMB1.83 in 2007. Fully diluted earnings per ADS for 2008 were RMB2.70 (US$0.40) compared with RMB3.66 in 2007.

Excluding share-based compensation expense and foreign currency translation loss, non-GAAP adjusted income for 2008 decreased 19.6% to RMB121.8 million (US$17.8 million) from RMB151.3 million for 2007. Non-GAAP adjusted fully diluted earnings per common share were RMB2.15 (US$0.32) for 2008 compared with RMB2.67 for 2007. Non-GAAP adjusted fully diluted earnings per ADS in 2008 were RMB4.29 (US$0.63) compared with RMB5.35 in 2007.

As of December 31, 2008, the Company had cash and short-term investments totaling RMB1,074.4 million (US$157.5 million), an increase from RMB1,007.5 million at December 31, 2007.

Business Outlook

For the first quarter of 2009, based on current market and operating conditions, the Company's revenue target is in the estimated range of RMB175 million to RMB185 million (US$25.7 million to US$27.1 million). Excluding share-based compensation expense and any foreign currency translation losses or gains, the Company's non-GAAP fully diluted earnings target for the first quarter of 2009 is in the estimated range of nil to RMB0.10 per common share (nil to US$0.03 per ADS). The Company expects aggregate share-based compensation expense in the first quarter of 2009 to be in the estimated range of RMB7 million to RMB8 million (US$1.0 million to US$1.2 million).

Other Company News

On September 30, 2008, the Company announced that its shareholders had approved a share repurchase program authorizing the repurchase of up to US$25 million worth of outstanding ADSs. In the fourth quarter of 2008, the Company repurchased 136,827 ADSs, representing 273,654 common shares, in the open market at an average price of US$6.65 per ADS.

In January 2009, the Company terminated the publication of the local edition of 51job Weekly in Changchun. The Company continues to maintain an office in Changchun for sales and customer service support. Also in January 2008, the Company completed the change of its newspaper contractor in Dalian to Northern Times.

Currency Convenience Translation

For the convenience of readers, certain Renminbi amounts have been translated into U.S. dollars at the rate of RMB6.8225 to US$1.00 the noon buying rate in the City of New York for cable transfers of Renminbi per U.S. dollar as certified for customs purposes by the Federal Reserve Bank of New York, as of December 31, 2008.

Conference Call Information

Management of 51job will host a conference call at 8:00 p.m. Eastern Time on March 3, 2009 (9:00 a.m. Shanghai / Hong Kong time zone on March 4, 2009) to discuss fourth quarter and fiscal year 2008 results. The call will be available live and on replay through 51job's investor relations website, http://ir.51job.com . Please go to the website at least fifteen minutes early to register and install any necessary audio software. Participants may also dial into the teleconference at +1-888-401-4685 (+1-719-325-2244 for international callers) and provide the passcode 7036164. An audio replay of the conference call will be available three hours after completion through March 10, 2009, by dialing +1-888-203-1112 (+1-719-457-0820 for international callers) and entering the passcode 7036164.

Note Regarding Preliminary Unaudited Financial Information

The unaudited financial information contained in this press release is preliminary and subject to change. The audit of the financial statements and related notes to be included in the Company's annual report on Form 20-F for the year ended December 31, 2008 is currently in progress and adjustments to the financial statements may be identified when the audit process is completed. As a result, the audited financial statements may be materially different from the preliminary unaudited financial information contained in this press release. In addition, because management's evaluation of the Company's internal controls over financial reporting in connection with the Sarbanes-Oxley Act of 2002 has not yet been completed, the Company currently makes no representation as to the effectiveness of those internal controls as of December 31, 2008.

Use of Non-GAAP Financial Measures

To supplement the consolidated financial information presented in accordance with United States Generally Accepted Accounting Principles (GAAP), 51job uses non-GAAP measures of adjusted income, adjusted earnings per common share and adjusted earnings per ADS, which are adjusted from results based on GAAP to exclude the impact of share-based compensation expense and foreign currency translation gain or loss. The Company believes excluding share-based compensation expense from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's core operating results as such expense is not directly attributable to the underlying performance of the Company's business operations and do not impact its cash earnings. The Company believes excluding foreign currency translation gain or loss from its non-GAAP financial measures is useful for its management and investors as such translation gain or loss is unrelated to the Company's core business operations and will not result in cash settlement nor impact the Company's cash earnings. 51job also believes these non-GAAP measures excluding share-based compensation expense and foreign currency translation gain or loss are important in helping investors to understand the Company's current financial performance and future prospects and to compare business trends among different reporting periods on a consistent basis. The presentation of these additional measures should not be considered a substitute for or superior to GAAP results or as being comparable to results reported or forecasted by other companies. The non-GAAP measures have been reconciled to GAAP measures in the attached financial information.

About 51job

51job, Inc. (Nasdaq: JOBS - News) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at http://www.51job.com, both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 26 cities operating 22 local editions of 51job Weekly.

Safe Harbor Statement

Statements in this release regarding targets for the first quarter of 2009, future business and operating results constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations, and actual results could differ materially. Among the factors that could cause actual results to differ are the number of recruitment advertisements placed, sales orders received and customer contracts executed during the remaining weeks of the first quarter of 2009; any accounting adjustments that may occur during the quarterly close; fluctuations in the value of the Renminbi against the U.S. dollar and other currencies; behavioral and operational changes of customers in meeting their human resource needs as they respond to evolving social, economic and political changes in China as well as stock market volatilities; introduction by its competitors of new or enhanced products or services; price competition in the market for the various human resource services that the Company provides in China; acceptance of new products and services developed or introduced by the Company outside of the human resources industry and fluctuations in general economic conditions. For additional information on these and other factors that may affect the Company's financial results, please refer to the Company's filings with the Securities and Exchange Commission. 51job undertakes no obligation to update these targets prior to announcing final results for the first quarter of 2009 or as a result of new information, future events or otherwise.

                        - Financial tables to follow -



                                 51job, Inc.
                    Consolidated Statements of Operations

                                               For the Three Months Ended
                                         December 31, December 31, December 31,
                                              2007       2008        2008
    (In thousands, except number          (unaudited) (unaudited) (unaudited)
     of shares and per share data)             RMB        RMB      USD (Note 1)

    Revenues:
      Print advertising                      95,430      59,699       8,750
      Online recruitment services            76,882      72,741      10,662
      Executive search                        3,966       2,379         349
      Other human resource related
       revenues                              37,325      61,392       8,999
    Total revenues                          213,603     196,211      28,760

    Less: Business and related tax          (11,327)    (10,866)     (1,593)
    Net revenues                            202,276     185,345      27,167

    Cost of services (Note 2)               (89,439)    (90,879)    (13,321)

    Gross profit                            112,837      94,466      13,846

    Operating expenses:
      Sales and marketing (Note 3)          (54,674)    (58,192)     (8,529)
      General and administrative (Note 4)   (37,762)    (30,398)     (4,456)
    Total operating expenses                (92,436)    (88,590)    (12,985)

    Income from operations                   20,401       5,876         861
    (Loss) Gain from foreign currency
     translation                             (7,397)        637          93
    Interest and investment income            6,760       6,193         908
    Other income (expense)                      831        (487)        (71)

    Income before provision for income tax   20,595      12,219       1,791
    Income tax expense                       (6,882)     (5,463)       (801)

    Net income                               13,713       6,756         990

    Earnings per share:
        Basic                                  0.24        0.12        0.02
        Diluted                                0.24        0.12        0.02

    Earnings per ADS (Note 5):
        Basic                                  0.49        0.24        0.04
        Diluted                                0.48        0.24        0.04

    Weighted average number of common
     shares outstanding:
        Basic                            56,457,123  56,584,296  56,584,296
        Diluted                          56,706,721  56,659,627  56,659,627

    Notes:
    1.  The conversion of RMB amounts into USD amounts is based on the noon
        buying rate of USD1.00=RMB6.8225 on December 31, 2008 in The City of
        New York for cable transfers of RMB as certified for customs purposes
        by the Federal Reserve Bank of New York.
    2.  Includes share-based compensation expense of RMB1,279 and RMB1,210
        (US$177) for the three months ended December 31, 2007 and 2008,
        respectively.
    3.  Includes share-based compensation expense of RMB1,100 and RMB1,040
        (US$153) for the three months ended December 31, 2007 and 2008,
        respectively.
    4.  Includes share-based compensation expense of RMB4,946 and RMB5,220
        (US$765) for the three months ended December 31, 2007 and 2008,
        respectively.
    5.  Each ADS represents two common shares.



                                 51job, Inc.
                    Consolidated Statements of Operations

                                                   For the Year Ended
                                         December 31, December 31, December 31,
                                             2007        2008         2008
    (In thousands, except number           (audited)  (unaudited)  (unaudited)
     of shares  and per share data)          RMB        RMB        USD (Note 1)

    Revenues:
      Print advertising                    430,621      359,234      52,654
      Online recruitment services          282,688      312,121      45,749
      Executive search                      16,086       13,979       2,049
      Other human resource related
       revenues                            114,871      175,083      25,663
    Total revenues                         844,266      860,417     126,115

    Less: Business and related tax         (44,982)     (44,939)     (6,587)
    Net revenues                           799,284      815,478     119,528

    Cost of services (Note 2)             (349,022)    (377,487)    (55,330)

    Gross profit                           450,262      437,991      64,198

    Operating expenses:
      Sales and marketing (Note 3)        (181,230)    (215,228)    (31,547)
      General and administrative (Note 4) (128,347)    (125,981)    (18,465)
    Total operating expenses              (309,577)    (341,209)    (50,012)

    Income from operations                 140,685       96,782      14,186
    Loss from foreign currency translation (18,134)     (17,732)     (2,599)
    Interest and investment income          24,635       26,400       3,869
    Other income                             1,793        2,327         341

    Income before provision for income tax 148,979      107,777      15,797
    Income tax expense                     (45,402)     (31,176)     (4,570)

    Net income                             103,577       76,601      11,227

    Earnings per share:
        Basic                                 1.84         1.35        0.20
        Diluted                               1.83         1.35        0.20

    Earnings per ADS (Note 5):
        Basic                                 3.68         2.71        0.40
        Diluted                               3.66         2.70        0.40

    Weighted average number of common
     shares outstanding:
        Basic                           56,279,193   56,581,719  56,581,719
        Diluted                         56,631,598   56,709,513  56,709,513

    Notes:
    1.  The conversion of RMB amounts into USD amounts is based on the noon
        buying rate of USD1.00=RMB6.8225 on December 31, 2008 in The City of
        New York for cable transfers of RMB as certified for customs purposes
        by the Federal Reserve Bank of New York.
    2.  Includes share-based compensation expense of RMB4,931 and RMB4,564
        (US$669) for 2007 and 2008, respectively.
    3.  Includes share-based compensation expense of RMB4,241 and RMB3,923
        (US$575) for 2007 and 2008, respectively.
    4.  Includes share-based compensation expense of RMB20,479 and RMB18,947
        (US$2,777) for 2007 and 2008, respectively.
    5.  Each ADS represents two common shares.



                                 51job, Inc.
                 Reconciliation of GAAP and Non-GAAP Results

                                               For the Three Months Ended
                                         December 31, December 31, December 31,
                                              2007       2008        2008
    (In thousands, except number          (unaudited) (unaudited) (unaudited)
     of shares and per share data)             RMB        RMB      USD (Note 1)

    GAAP income before provision
     for income tax                          20,595      12,219        1,791
    Add back: Share-based compensation
     expense                                  7,325       7,470        1,095
    Add back: Loss (Gain) from foreign
     currency translation                     7,397        (637)         (93)
    Non-GAAP income before provision for
     income tax                              35,317      19,052        2,793
    Non-GAAP income tax expense              (6,886)     (5,459)        (800)
    Non-GAAP adjusted income                 28,431      13,593        1,993

    Non-GAAP adjusted earnings per share:
        Basic                                  0.50        0.24         0.04
        Diluted                                0.50        0.24         0.04

    Non-GAAP adjusted earnings per ADS
     (Note 2):
        Basic                                  1.00        0.48         0.07
        Diluted                                1.00        0.48         0.07

    Weighted average number of common
     shares outstanding:
        Basic                            56,457,123  56,584,296   56,584,296
        Diluted                          56,706,721  56,659,627   56,659,627



                                                   For the Year Ended
                                         December 31, December 31, December 31,
                                              2007       2008         2008
    (In thousands, except number          (unaudited) (unaudited) (unaudited)
     of shares and per share data)             RMB        RMB      USD (Note 1)

    GAAP income before provision
     for income tax                         148,979     107,777       15,797
    Add back: Share-based compensation
     expense                                 29,651      27,434        4,021
    Add back: Loss from foreign currency
     translation                             18,134      17,732        2,599
    Non-GAAP income before provision for
     income tax                             196,764     152,943       22,417
    Non-GAAP income tax expense             (45,415)    (31,185)      (4,571)
    Non-GAAP adjusted net income            151,349     121,758       17,846

    Non-GAAP adjusted earnings per share:
        Basic                                  2.69        2.15         0.32
        Diluted                                2.67        2.15         0.32

    Non-GAAP adjusted earnings per ADS
     (Note 2):
        Basic                                  5.38        4.30         0.63
        Diluted                                5.35        4.29         0.63

    Weighted average number of common
     shares outstanding:
        Basic                            56,279,193  56,581,719   56,581,719
        Diluted                          56,631,598  56,709,513   56,709,513

    Notes:
    1.  The conversion of RMB amounts into USD amounts is based on the noon
        buying rate of USD1.00=RMB6.8225 on December 31, 2008 in The City of
        New York for cable transfers of RMB as certified for customs purposes
        by the Federal Reserve Bank of New York.
    2.  Each ADS represents two common shares.



                                 51job, Inc.
                         Consolidated Balance Sheets

                                         December 31, December 31, December 31,
                                             2007        2008        2008
    (In thousands, except number of       (audited)  (unaudited) (unaudited)
     shares)                                 RMB         RMB     USD (Note 1)

    ASSETS

    Current assets:
      Cash                               1,007,520   1,058,310     155,121
      Short-term investments                    --      16,100       2,360
      Accounts receivable (net of
       allowance of RMB3,879 and
       RMB2,783 as of December 31,
       2007 and 2008, respectively)         29,706      19,524       2,862
      Prepayments and other current
       assets                               33,132      44,996       6,595
      Deferred tax assets, current           4,930       2,322         340

    Total current assets                 1,075,288   1,141,252     167,278

    Long-term investments                    8,788      15,927       2,335
    Property and equipment                 205,984     205,805      30,166
    Intangible assets                        6,869       4,669         684
    Other long-term assets                   5,031       6,311         925
    Deferred tax assets, non-current         1,206         405          59

    Total assets                         1,303,166   1,374,369     201,447

    LIABILITIES

    Current liabilities:
      Accounts payable                       9,804      10,511       1,541
      Salary and employee related
       accrual                              29,064      22,371       3,279
      Taxes payable                         33,498      13,337       1,955
      Advance from customers                75,535      87,639      12,845
      Other payables and accruals           28,214      12,939       1,897

    Total current liabilities              176,115     146,797      21,517

    Deferred tax liabilities, non-current      516         730         107

    Total liabilities                      176,631     147,527      21,624

    Shareholders' equity:
      Common shares (US$0.0001 par
       value; 500,000,000 shares
       authorized, 56,519,471 and
       56,378,139 shares issued and
       outstanding as of December 31,
       2007 and 2008, respectively)             47          47           7
      Additional paid-in capital           894,019     917,352     134,460
      Statutory reserves                     5,991       6,946       1,018
      Other comprehensive gain                 680       1,054         154
      Retained earnings                    225,798     301,443      44,184

    Total shareholders' equity           1,126,535   1,226,842     179,823

    Total liabilities and shareholders'
     equity                              1,303,166   1,374,369     201,447

    Note 1:  The conversion of RMB amounts into USD amounts is based on the
             noon buying rate of USD1.00=RMB6.8225 on December 31, 2008 in The
             City of New York for cable transfers of RMB as certified for
             customs purposes by the Federal Reserve Bank of New York.


    For more information, please contact:

     Linda Chien
     Investor Relations
     51job, Inc.
     Tel:   +86-21-6879-6250
     Email: investor.relations@51job.com

Acorn's management has scheduled a conference call at 8:00 a.m. ET on March 9, 2009 (8:00 p.m. Beijing Time) to discuss the Company's perspective on the results and answer questions. You may access the live interactive call via:

    -- +1 866 549 1292 (U.S. Toll Free)
    -- +800 701 1223 (China Toll Free)
    -- +852 3005 2050 (International)
    -- Passcode: ATV

Please dial-in approximately 10 minutes in advance to facilitate an on-time start.

A replay will be available for approximately two weeks after the call and may be accessed via:

-- +852 3005 2020 (International)

-- Passcode: 136511#

A live and archived webcast of the call will be available on the Company's website at http://www.chinadrtv.com .

About Acorn

Acorn International (NYSE: 'ATV') is a leading integrated multi-platform marketing company in China, operating China's largest TV direct sales business in terms of revenues and TV air time and a nationwide off-TV distribution network. Acorn's TV direct sales platform consists of airtime purchased from both national and local channels. In addition to marketing and selling through its TV direct sales programs and its off-TV nationwide distribution network, Acorn also offers consumer products and services through catalogs, an outbound telemarketing center and an e-commerce website. Leveraging its integrated multiple sales and marketing platforms, Acorn has built a proven track record of developing and selling proprietary-branded consumer products, as well as products and services from established third parties.

For further information, please contact: Acorn International Chen Fu, Director of Investor Relations Tel: +86-21-5151-8888 x2228 Email: ir@chinadrtv.com PRChina Jane Liu Tel: +852-2522-1838 Email: jliu@prchina.com.hk Henry Chik Tel: +852-2522-1368 Email: hchik@prchina.com.hk

The call will be available live and on replay through 51job’s investor relations website, ir.51job.com. Please go to the website at least fifteen minutes early to register or install any necessary audio software. Participants may also dial into the teleconference at +1-888-401-4685 (+1-719-325-2244 for international callers) and provide the passcode 7036164. An audio replay of the conference call will be available three hours after completion through March 10, 2009, by dialing +1-888-203-1112 (+1-719-457-0820 for international callers) and entering the passcode 7036164.

About 51job
51job, Inc. (Nasdaq: JOBS) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at www.51job.com, both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 26 cities operating 23 local editions of 51job Weekly.

Third Quarter 2008 Financial Highlights:

• Total revenues of RMB209.0 million (US$30.8 million), in line with the Company’s guidance range and a 5.1% decline from Q3 2007 primarily as a result of reductions in advertisements and online recruitment activity during the Olympic Games as well as softening market demand for recruitment services
• Gross margin of 52.7% compared with 56.5% in Q3 2007
• Fully diluted earnings per common share were RMB0.50 (US$0.15 per ADS)

• Excluding share-based compensation expense and foreign currency translation loss, non-GAAP adjusted fully diluted earnings per common share were RMB0.64 (US$0.19 per ADS), exceeding the Company’s guidance range of RMB0.38 to RMB0.48 primarily due to lower tax expense
• Cash and short-term investments totaling RMB1,066.1 million (US$157.0 million) as of September 30, 2008

Commenting on the results, Rick Yan, President and Chief Executive Officer of 51job, Inc., said, “As we had expected, the recruitment market slowed in the third quarter as employers faced restrictions on normal business practices and individuals were less focused on job searches during the Olympic Games period. In addition, corporate customers moderated their hiring activities due to increasing concern about global markets and China’s economic growth.”

“Although market conditions are challenging, we believe that the HR services industry in China remains in an early stage of development and we will continue to invest in our businesses for long-term growth. With our strong debt-free balance sheet, solid cash flow generation and profitable business model, we believe we are well positioned to navigate this slowdown, capture market share from competitors and emerge with a stronger leadership position when market conditions improve,” said Mr. Yan.

Third Quarter 2008 Unaudited Financial Results

Total revenues for the third quarter ended September 30, 2008 were RMB209.0 million (US$30.8 million), a 5.1% decrease from RMB220.2 million for the same quarter in 2007.

Print advertising revenues for the third quarter of 2008 decreased 27.1% to RMB83.2 million (US$12.2 million) compared with RMB114.1 million for the same quarter in 2007. The decline was primarily the result of a reduction in advertisements during the Olympic Games period, decrease in customer demand and lower average revenue per page. Print advertising prices charged in each city were generally unchanged year-over-year, but average revenue per page in the third quarter of 2008 decreased 23.4% over the same quarter in 2007 due to a greater proportion of advertising volume coming from lower priced cities. The estimated number of print advertising pages generated in the third quarter of 2008 was 4,204 compared with 4,419 pages in the same quarter in 2007.

Online recruitment services revenues for the third quarter of 2008 were RMB77.7 million (US$11.4 million), a 6.4% increase from RMB73.0 million for the same quarter of the prior year. The increase was attributable to a greater number of employers using the Company’s online services and higher average revenue per unique employer, but third quarter growth was partially offset by a decrease in online recruitment activity during the Olympic Games period and a slowdown in customer demand. Unique employers using the Company’s online recruitment services increased 4.8% to 62,023 in the third quarter of 2008 compared with 59,177 in the same quarter of the prior year.

Executive search revenues for the third quarter of 2008 decreased 18.0% to RMB2.9 million (US$0.4 million) from RMB3.6 million for the same quarter in 2007 due to fewer candidate assignments. For the third quarter of 2008, other human resource related revenues increased 53.1% to RMB45.3 million (US$6.7 million) from RMB29.6 million in the third quarter of 2007 due principally to a greater demand for human resource outsourcing services and corporate training courses.

Gross profit for the third quarter of 2008 was RMB104.3 million (US$15.4 million) compared with RMB117.8 million for the same quarter of the prior year. Gross margin, which is equal to gross profit divided by net revenues, decreased to 52.7% in the third quarter of 2008 compared with 56.5% in the same quarter in 2007 due primarily to an increase in staff and labor costs.

Operating expenses for the third quarter of 2008 were RMB82.3 million (US$12.1 million) compared with RMB82.4 million for the same quarter of 2007. Operating expenses as a percentage of net revenues were 41.6% for the third quarter of 2008 compared with 39.5% for the third quarter of 2007. Excluding share-based compensation expense, operating expenses as a percentage of net revenues were 38.9% in the third quarter of 2008 compared with 36.3% in the third quarter of 2007.

Sales and marketing expenses for the third quarter of 2008 were RMB49.4 million (US$7.3 million) compared with RMB50.5 million for the same quarter of the prior year as lower advertising and promotion expenses were partially offset by increased labor costs from staff additions and higher wage levels compared to the third quarter of 2007.

General and administrative expenses for the third quarter of 2008 were RMB32.8 million (US$4.8 million) compared with RMB31.9 million in the third quarter of 2007 due primarily to higher office expenses and labor costs, which were partially offset by lower share-based compensation expense.

Income from operations for the third quarter of 2008 decreased 37.6% to RMB22.1 million (US$3.3 million) from RMB35.4 million for the same quarter of the prior year. Other income increased in the third quarter of 2008 and included financial subsidies of RMB2.8 million (US$0.4 million).

During the third quarter, the relevant local tax authority in Shanghai’s New Pudong Area permitted the Company’s subsidiaries in Pudong to be subject to a lower tax rate of 18% compared to the previous 25% for calendar year 2008. It also allowed the Company to apply certain tax loss carryforwards that could not previously be utilized. The cumulative impact of these tax changes resulted in a decrease in the effective tax rate to 7.4% in the third quarter of 2008 compared with 31.2% in the third quarter of the prior year.

Net income for the third quarter of 2008 increased 6.0% to RMB28.3 million (US$4.2 million) from RMB26.7 million for the same quarter in 2007. Fully diluted earnings per common share for the third quarter of 2008 were RMB0.50 (US$0.07) compared with RMB0.47 for the same quarter in 2007. Fully diluted earnings per ADS for the third quarter of 2008 were RMB1.00 (US$0.15) compared with RMB0.94 in the third quarter of 2007.

In the third quarter of 2008, the Company recognized total share-based compensation expense of RMB6.5 million (US$1.0 million) compared with RMB8.1 million in the third quarter of 2007. The Company also recognized a foreign currency translation loss of RMB1.5 million (US$0.2 million) in the third quarter of 2008 compared with a translation loss of RMB3.7 million in the third quarter of 2007 resulting from the appreciation of the Renminbi against the U.S. dollar.

Excluding share-based compensation expense and foreign currency translation loss, non-GAAP adjusted net income for the third quarter of 2008 decreased 5.7% to RMB36.3 million (US$5.3 million) from RMB38.5 million for the third quarter of 2007. Non-GAAP adjusted fully diluted earnings per common share were RMB0.64 (US$0.09) in the third quarter of 2008 compared with RMB0.68 in the third quarter of 2007. Non-GAAP adjusted fully diluted earnings per ADS in the third quarter of 2008 were RMB1.28 (US$0.19) compared with RMB1.36 in the third quarter of 2007.

Nine Months 2008 Unaudited Financial Results

Total revenues for the nine months ended September 30, 2008 were RMB664.2 million (US$97.8 million), an increase of 5.3% from RMB630.7 million in the comparable period in 2007. Income from operations for the nine months ended September 30, 2008 decreased 24.4% to RMB90.9 million (US$13.4 million) from RMB120.3 million for the same period last year.

Net income for the first nine months of 2008 decreased 22.3% to RMB69.8 million (US$10.3 million) from RMB89.9 million for the same period in 2007. Fully diluted earnings per common share for the first nine months of 2008 were RMB1.23 (US$0.18) from RMB1.59 in the comparable period in 2007. Fully diluted earnings per ADS for the first nine months of 2008 were RMB2.46 (US$0.36) compared with RMB3.18 in the same period in 2007.

Excluding share-based compensation and foreign currency translation loss, non-GAAP adjusted net income for the nine months ended September 30, 2008 decreased 12.0% to RMB108.2 million (US$15.9 million) from RMB122.9 million for the nine months ended September 30, 2007. Non-GAAP adjusted fully diluted earnings per common share were RMB1.91 (US$0.28) in first nine months of 2008 compared with RMB2.17 in the same period in 2007. Non-GAAP adjusted fully diluted earnings per ADS in the first nine months of 2008 were RMB3.81 (US$0.56) compared with RMB4.34 in the same period in 2007.

As of September 30, 2008, the Company had cash and short-term investments of RMB1,066.1 million (US$157.0 million), an increase from RMB1,007.5 million at December 31, 2007 and RMB1,040.6 million at June 30, 2008.

Business Outlook

The fourth quarter is a seasonally weak period for recruitment and the Company expects that existing economic concerns will further slow hiring activity by employers this year. For the fourth quarter of 2008, based on current market and operating conditions, the Company’s revenue target is in the estimated range of RMB185 million to RMB195 million (US$27.2 million to US$28.7 million). Excluding share-based compensation expense and any foreign currency translation losses or gains, the Company’s non-GAAP fully diluted earnings target for the fourth quarter of 2008 is in the estimated range of RMB0.20 to RMB0.30 per common share (US$0.06 to US$0.09 per ADS). The Company expects aggregate share-based compensation expense in the fourth quarter of 2008 to be approximately RMB7 million to RMB8 million (US$1.0 million to US$1.2 million).

Other Company News

On September 30, 2008, the Company announced that its Board of Directors and shareholders had approved a share repurchase program at the 2008 Annual General Meeting of Members. Under the program, the Company is authorized to repurchase up to US$25 million worth of outstanding ADSs from time to time depending on market conditions and other factors as well as subject to relevant rules under United States securities regulations. The Company did not repurchase any ADSs in the third quarter of 2008.

Currency Convenience Translation

For the convenience of readers, certain Renminbi amounts have been translated into U.S. dollars at the rate of RMB6.7899 to US$1.00, the noon buying rate in the City of New York for cable transfers of Renminbi per U.S. dollar as certified for customs purposes by the Federal Reserve Bank of New York, as of September 30, 2008.

Conference Call Information

Management of 51job will host a conference call at 7:00 a.m. Eastern Time on November 14, 2008 (8:00 p.m. Shanghai / Hong Kong time zone on November 14, 2008) to discuss third quarter 2008 results. The call will be available live and on replay through 51job’s investor relations website, ir.51job.com. Please go to the website at least fifteen minutes early to register and download and install any necessary audio software. Participants may also dial into the teleconference at +1-888-299-7210 (+1-719-325-2213 for international callers) and provide the passcode 4987023. An audio replay of the conference call will be available three hours after completion through November 21, 2008, by dialing +1-888-203-1112 (+1-719-457-0820 for international callers) and entering the passcode 4987023.

Use of Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles (GAAP), 51job uses non-GAAP measures of adjusted net income, adjusted earnings per common share and adjusted earnings per ADS, which are adjusted from results based on GAAP to exclude the impact of share-based compensation expense and foreign currency translation gain or loss. The Company believes excluding share-based compensation expense from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company’s core operating results as such expense is not directly attributable to the underlying performance of the Company’s business operations and do not impact its cash earnings. The Company believes excluding foreign currency translation gain or loss from its non-GAAP financial measures is useful for its management and investors as such translation gain or loss is unrelated to the Company’s core business operations and will not result in cash settlement nor impact the Company’s cash earnings. 51job also believes these non-GAAP measures excluding share-based compensation expense and foreign currency translation gain or loss are important in helping investors to understand the Company’s current financial performance and future prospects and to compare business trends among different reporting periods on a consistent basis. The presentation of these additional measures should not be considered a substitute for or superior to GAAP results or as being comparable to results reported or forecasted by other companies. The non-GAAP measures have been reconciled to GAAP measures in the attached financial statements.

About 51job

51job, Inc. (Nasdaq: JOBS) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at www.51job.com, both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 26 cities operating 23 local editions of 51job Weekly.

Safe Harbor Statement

Statements in this release regarding targets for the fourth quarter of 2008, future business and operating results constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management’s current expectations, and actual results could differ materially. Among the factors that could cause actual results to differ are the number of recruitment advertisements placed, sales orders received and customer contracts executed during the remaining weeks of the fourth quarter of 2008; any accounting adjustments that may occur during the quarterly close; fluctuations in the value of the Renminbi against the U.S. dollar and other currencies; behavioral and operational changes of customers in meeting their human resource needs as they respond to evolving social, economic and political changes in China as well as stock market volatilities; introduction by its competitors of new or enhanced products or services; price competition in the market for the various human resource services that the Company provides in China; acceptance of new products and services developed or introduced by the Company outside of the human resources industry and fluctuations in general economic conditions. For additional information on these and other factors that may affect the Company’s financial results, please refer to the Company’s filings with the Securities and Exchange Commission. 51job undertakes no obligation to update these targets prior to announcing final results for the fourth quarter of 2008 or as a result of new information, future events or otherwise.

- Financial tables to follow -

The call will be available live and on replay through 51job’s investor relations website, ir.51job.com. Please go to the website at least fifteen minutes early to register and download and install any necessary audio software. Participants may also dial into the teleconference at +1-888-299-7210 (+1-719-325-2213 for international callers) and provide the passcode 4987023. An audio replay of the conference call will be available three hours after completion through November 21, 2008, by dialing +1-888-203-1112 (+1-719-457-0820 for international callers) and entering the passcode 4987023.

About 51job

51job, Inc. (Nasdaq: JOBS) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at www.51job.com, both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 26 cities operating 23 local editions of 51job Weekly.

Under the program, the Company is authorized to repurchase up to US$25 million worth of outstanding American Depositary Shares (ADSs) from time to time depending on market conditions and other factors as well as subject to relevant rules under United States securities regulations. The share repurchase program will be funded with available working capital. As of June 30, 2008, the Company had approximately 28.3 million ADSs outstanding and cash and cash equivalents of approximately RMB1.041 billion, or US$151.7 million based on the noon buying rate in New York as certified for customs purposes by the Federal Reserve Bank of New York on June 30, 2008.

The Company also announced today that David K. Chao, Xiaoyue Chen, Hiroyuki Honda, Donald L. Lucas and Rick Yan were re-elected as directors of the Company at the 2008 Annual General Meeting of Members.

About 51job

51job, Inc. (Nasdaq: JOBS) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at www.51job.com, both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 26 cities operating 23 local editions of 51job Weekly.