China Education Acquisition Corp. was incorporated in the State of Delaware on August 14, 2009. Since inception, the Company has been engaged in organizational efforts and obtaining initial financing. The Company was formed as a vehicle to pursue a business combination and has made no efforts to identify a possible business combination. As a result, the Company has not conducted negotiations or entered into a letter of intent concerning any target business. The business purpose of the Company is to seek the acquisition of, or merger with, an existing company. The Company intends to seek a merger with a company that is in the education industry. The Company reserves the right, however, to complete a business combination with a company in any industry, whether or not education. The Company selected November 30 as its fiscal year end.