Beijing, China, June 16, 2016 -- ATA Inc. ("ATA" or the "Company", Nasdaq: ATAI), a leading provider of advanced testing technologies and testing-related services in China, today announced that the Company’s wholly-owned subsidiary ATA Testing Authority (Beijing) Limited (“ATA Testing”) has made a strategic investment in ApplySquare Education & Technology Co., Ltd. (“ApplySquare”), a China-based education technology company focusing on provision of academic solutions and resources to the higher education community.

Highlights of the Strategic Investment

ApplySquare, headquartered in Beijing, is an online higher education solutions and resources platform aiming to build a Q&A academic community where students, instructors, and other users can openly discuss and share their academic knowledge and experiences. The platform also enables users to explore, plan, manage, and apply for various academic opportunities, such as degree programs, study abroad, lectures, workshops, seminars and internships. ApplySquare is committed to helping university students with increasing demand for educational opportunities and communication, by building a platform to open up the dialogue between students and educational institutions.

With this investment, ATA anticipates to work closely with ApplySquare’s management team to further develop its platform and business relationships and to benefit from ApplySquare’s expertise in education technologies, data analysis/mining, and information sorting and matching.

Background of ApplySquare

Founded in 2013, ApplySquare is an education technology company focusing on provision of academic solutions and resources to the higher education community. Powered by advanced information technologies, such as cloud computing and big data processing, as an online platform, ApplySquare is committed to providing services for students’ academic development. ApplySquare provides users with tools and information about various academic opportunities, as well as a Q&A community dedicated to academic topics. ApplySquare also offers consulting services to organizational clients, especially universities, with a focus in the areas of academic development, early stage research training, and international education. For more information, please visit ApplySquare’s website at www.applysquare.com.

About ATA Inc.

ATA is a leading provider of advanced testing technologies in China. The Company offers comprehensive services for the creation and delivery of assessments based on its proprietary testing technologies and test delivery platform. ATA’s testing technologies are used for professional licensure and certification tests in various industries, including information technology services, banking, teaching, asset management, insurance, and accounting. As of March 31, 2016, ATA's test center network comprised 3,035 authorized test centers located throughout China. The Company believes that it has the largest test center network of any commercial testing service provider in China.

ATA has delivered more than 76.3 million billable tests since ATA started operations in 1999. For more information, please visit ATA’s website at www.atai.net.cn.

Cautionary Note Regarding Forward-looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as “anticipate,” "believe," "could," "expect," "future," "look forward to," "plan," "should," "will," and similar terms. Examples of forward-looking statements in this press release include statements about the anticipated benefits to ATA Testing’s expansion efforts into the data resources, assessment and related services; and the ability of ATA Testing and ApplySquare to cooperate effectively, and to introduce offerings and build partnerships in China. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections by both ATA Testing and ApplySquare. The Company undertakes no obligation to update forward-looking statements, except as may be required by law. The Company cannot assure you that its expectations and assumptions will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For more information on our company, please contact the following individuals:

At the Company
ATA Inc.
Shelly Jiang, Interim CFO
+86 10 6518 1122 x5500
jiangyan@atai.net.cn

Investor Relations 
The Equity Group Inc.
Carolyne Y. Sohn, Senior Associate
415-568-2255 
+86 10 6587 6435
csohn@equityny.com

Adam Prior, Senior Vice President
212-836-9606
aprior@equityny.com