TAI'AN, China, May 7, 2021 /PRNewswire/ — China
Customer Relations Centers, Inc. (Nasdaq: CCRC) (the
"Company"), a leading e-commerce and financial services
business process outsourcing ("BPO") service provider in
China, today announced that it has
called an extraordinary general meeting of shareholders (the
"EGM"), to be held on June 18,
2021 at 9:00 a.m. (Beijing
Time), at the Company's office located at 1366 Zhongtianmen Dajie,
Xinghuo Science and Technology Park, High-tech Zone, Taian City,
Shandong Province, 271000,
People's Republic of China, to
consider and vote on, among other things, the proposal to authorize
and approve the previously announced agreement and plan of merger
(the "Merger Agreement"), dated March
12, 2021, by and among the Company, Taiying Group Ltd., a
business company incorporated in the British Virgin Islands ("Parent") and
Taiying International Inc., a business company incorporated in the
British Virgin Islands and a
wholly-owned subsidiary of Parent ("Merger Sub"), the plan
of merger (the "Plan of Merger") and articles of merger
required to be filed with the Registrar of Corporate Affairs of the
British Virgin Islands for the
purposes of the merger, and any and all transactions contemplated
thereby, including the Merger (as defined below).
Pursuant to the Merger Agreement and the Plan of Merger, at the
effective time of the Merger, the Merger Sub will merge with and
into the Company and cease to exist, with the Company being the
surviving company and becoming a wholly-owned subsidiary of the
Parent (the "Merger"). If consummated, the Merger would
result in the Company becoming a privately held company, and its
common shares, par value US$0.001 per
share, would no longer be listed or traded on the Nasdaq Capital
Market.
The Company's board of directors (the "Board"), acting
upon the unanimous recommendation of a committee of independent
directors established by the Board, composed solely of directors
who are unaffiliated to the management of the Company, or to any
person participating as a buyer or rollover shareholder in the
Merger, authorized and approved the Merger Agreement, the Plan of
Merger, the articles of merger, and the consummation of the
transactions contemplated thereby, including the Merger, and
recommends that the Company's shareholders vote FOR, among other
things, the proposal to authorize and approve the Merger Agreement,
the Plan of Merger, the articles of merger, and the consummation of
the transactions contemplated thereby, including the Merger.
Shareholders of record at the close of business in the
British Virgin Islands on
May 17, 2021 will be entitled to
attend and vote at the EGM and any adjournment thereof.
Additional information regarding the EGM and the Merger
Agreement can be found in the transaction statement on Schedule
13E-3 and the definitive proxy statement attached as Exhibit
(a)-(1) thereto, as amended, filed with the U.S. Securities and
Exchange Commission (the "SEC"), which can be obtained,
along with other filings containing information about the Company,
the proposed Merger and related matters, without charge, from the
SEC's website www.sec.gov. In addition, the Company's proxy
materials (including the definitive proxy statement) will be mailed
to shareholders.
SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY
THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE
SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND RELATED
MATTERS.
The Company and certain of its directors and executive officers
may, under SEC rules, be deemed to be "participants" in the
solicitation of proxies from the shareholders with respect to the
proposed Merger. Information regarding the persons who may be
considered "participants" in the solicitation of proxies is set
forth in the Schedule 13E-3 transaction statement relating to the
proposed Merger and the definitive proxy statement attached
thereto. Further information regarding persons who may be deemed
participants, including any direct or indirect interests they may
have, is also set forth in the definitive proxy statement.
This announcement is for information purposes only and does not
constitute an offer to purchase or the solicitation of an offer to
sell any securities or a solicitation of any proxy, vote or
approval with respect to the proposed transaction or otherwise, nor
shall it be a substitute for any proxy statement or other filings
that have been or will be made with the SEC.
About China Customer Relations Centers, Inc.
The Company is a leading e-commerce and financial services BPO
service provider in China focusing
on the complex, voice-based and online-based segments of customer
care services, including:
- customer relationship management;
- technical support;
- sales;
- customer retention;
- marketing surveys; and
- research.
The Company's service is currently delivered in Provinces of
Shandong, Jiangsu, Liaoning, Guangdong, Yunnan, Hubei, Sichuan, Hebei, Anhui,
Xinjiang, Guangxi, Jiangxi, Heilongjiang, and Chongqing. More information about the Company
can be found at: www.ccrc.com.
Safe Harbor Statements
This press release contains statements that express the
Company's current opinions, expectations, beliefs, plans,
objectives, assumptions or projections regarding future events or
future results and therefore are, or may be deemed to be,
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995 (the "Act"). These
forward-looking statements can be identified by terminology such as
"if," "will," "expected" and similar statements. Forward-looking
statements involve inherent risks, uncertainties and assumptions
and other factors that could cause actual results to differ
materially from those contained in any such statements. Risks,
uncertainties and assumptions include, but are not limited to the
following: uncertainties as to the expected benefits and costs of
the proposed Merger, the expected timing of the completion of the
Merger, and the parties' ability to complete the Merger considering
the various closing conditions; how the Company's shareholders will
vote at the meeting of shareholders; the possibility that competing
offers will be made; the possibility that financing may not be
available; the possibility that various closing conditions for the
transaction may not be satisfied or waived; and other risks and
uncertainties discussed in documents filed with the SEC by the
Company, as well as the Schedule 13E-3 transaction statement and
the proxy statement filed by the Company. These forward-looking
statements reflect the Company's expectations as of the date of
this press release. You should not rely upon these forward-looking
statements as predictions of future events. The Company does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
For further information, please contact
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1-718-213-7386
View original
content:http://www.prnewswire.com/news-releases/china-customer-relations-centers-inc-to-hold-extraordinary-general-meeting-of-shareholders-301285762.html
SOURCE China Customer Relations Centers, Inc.