UPDATE 1-ChinaEDU committee recommends adding board members

The members also recommended the educational service provider engage a financial advisor to help evaluate potential strategic transactions.The company, which is valued at about $96 million and provides services to online degree programs of Chinese universities, said its committee continues to investigate potential buyers for the company.Committee members have had conversations with interested potential acquirers, ChinaEDU said in filing with the Securities and Exchange Commission on Friday.