February 16, 2010 (FinancialWire) — ATA Inc. (NASDAQ: ATAI), A provider of computer-based testing and testing-related services in China, SAID that its board of directors approved a share repurchase program under which the company is authorized to repurchase up to $5 million of its issued and outstanding American Depositary Shares.

This share repurchase program will be in effect through March 31, 2011.

ATA said it expects to pay for the repurchases using internally available cash. As of December 31, 2009, ATA reported a cash balance of Chinese RMB 255.3 million, equivalent to $37.4 million.

ATA had 44.8 million common shares outstanding, around 11.6 million of which were represented by ADS, as of December 31, 2009.

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