Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine whether ChinaCast Education Corp. ("ChinaCast" or the "Company") and certain of its officers and directors made false and misleading statements and/or omissions in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

Class action lawsuits were filed in the U.S. District Court for the Central District of California by other law firms on behalf of purchasers of the common stock of ChinaCast Education Corp. (NASDAQ: CAST) between February 14, 2011 and April 2, 2012, inclusive (the "Class Period").

The complaints allege that defendants failed to disclose material weaknesses in the Company's internal controls, and in particular, that: (1) former CEO Ron Chan Tze Ngon ("Chan") and others engaged in the wrongful transfer of at least $120 million from the Company's subsidiaries' bank accounts; (2) the wrongful transfer of Company's assets, including two private colleges, went to persons outside of the Company; (3) the Company's assets were used to establish and operate companies outside of the ChinaCast corporate structure; (4) loans to third parties were secured by Company assets; and (5) the Company's internal controls were materially deficient.

On October 3, 2011, ChinaCast sent a letter to shareholders reporting that it was suspending its $50 million share repurchase program and that it would hire an independent auditing firm to review its cash balances. In March of this year, ChinaCast announced that it had both appointed a new Chairman and CEO to replace defendant Chan who had been removed by the board, and appointed a new CFO.

On April 2, 2012, the Company announced that it had received a letter from NASDAQ advising that it was no longer in compliance with reporting requirements due to its failure to timely file its 2011 Form 10-K. Also on April 2, ChinaCast posted a letter to shareholders in which it reported, among other troubling developments, that its recently ousted CEO and his "accomplices" had: (1) refused to allow the Company's auditor access to its offices so the auditors could complete the 2011 audit; (2) were refusing to pay outstanding bills; and (3) had misappropriated licenses and corporate seals (referred to as "chops") needed to run its businesses. The letter also stated that:

"We have uncovered questionable activities and transactions which raise the specter of possible illegal conduct by Ron Chan and his accomplices and may have led to the frustration of the audit of the Company's financial statements. . . The Board has also been made aware by several shareholders of unusual trading activity in CAST shares emanating from Hong Kong over the past several weeks. The SEC has been notified of this activity and has been asked to investigate it and also to determine whether there have been any illegal securities transactions effected by Ron Chan and others."

Trading in ChinaCast shares was halted on March 30, 2012 when they closed at $4.24--when trading resumed on June 25, the shares opened at $0.55.

Cohen Milstein encourages all investors who purchased ChinaCast common stock between February 14, 2011 and April 2, 2012 or former employees with information concerning this matter to contact the firm.

If you are a ChinaCast shareholder and would like to discuss your right to recover for your economic loss, you may, without any cost or obligation, call Cohen Milstein's Managing Partner, Steven J. Toll at (888) 240-0775 or (202) 408-4600, or email him at stoll@cohenmilstein.com. If you wish to serve as lead plaintiff, you must move the Court no later than July 25, 2012 to request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. To be appointed lead plaintiff, the Court must decide that your claim is typical of the claims of other class members, and that you will adequately represent the class. Your share in any recovery will not be enhanced or diminished by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may retain Cohen Milstein Sellers & Toll PLLC or other attorneys to serve as your counsel in this action, or you may do nothing and remain an absent class member.

Cohen Milstein Sellers & Toll PLLC has significant experience in prosecuting investor class actions and actions involving securities fraud. The firm has offices in Washington, D.C., New York, Chicago, Philadelphia and West Palm Beach, and is active in major litigation pending in federal and state courts throughout the nation.

The firm's reputation for excellence has repeatedly been recognized by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen Milstein Sellers & Toll PLLC has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total over a billion dollars. Prior results do not guarantee a similar outcome. For more information visit www.cohenmilstein.com.

If you have any questions about this notice or the action, or with regard to your rights, please contact either of the following:

Steven J. Toll, Esq.
Tyler Gaffney
Cohen Milstein Sellers & Toll PLLC
1100 New York Avenue, N.W.
West Tower, Suite 500
Washington, D.C. 20005
Telephone: (888) 240-0775 or (202) 408-4600
Email: stoll@cohenmilstein.com; tgaffney@cohenmilstein.com

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Cohen Milstein Sellers & Toll PLLC
Steven J. Toll, Esq.
888-240-0775 or 202-408-4600
stoll@cohenmilstein.com
or
Tyler Gaffney
888-240-0775 or 202-408-4600
tgaffney@cohenmilstein.com