BEIJING, Dec. 29, 2015 /PRNewswire/ -- Jiayuan.com
International Ltd. (NASDAQ: DATE) ("Jiayuan" or the "Company"),
operator of the largest online dating platform in China, today
announced that, at an extraordinary general meeting held today, the
Company's shareholders voted in favor of the proposal to authorize
and approve the previously announced Agreement and Plan of Merger
(the "Merger Agreement") dated as of December 7, 2015 among the Company, LoveWorld
Inc. ("Parent") and FutureWorld Inc., a wholly-owned subsidiary of
Parent ("Merger Sub"), pursuant to which Merger Sub will be merged
with and into the Company with the Company continuing as the
surviving company (the "Merger") and to authorize and approve any
and all transactions contemplated by the Merger Agreement,
including the Merger.
Of the Company's ordinary shares entitled to vote at the
extraordinary general meeting, approximately 56.7% of such ordinary
shares were voted in person or by proxy at today's meeting. The
proposal to approve the Merger Agreement and the transactions
contemplated thereby, including the Merger, received approval from
holders of approximately 97.5% of the ordinary shares present and
voting in person or by proxy as a single class at the extraordinary
general meeting.
The parties currently expect to complete the Merger in the first
quarter of 2016, subject to the satisfaction or waiver of the
conditions set forth in the Merger Agreement. Upon completion of
the Merger, the Company will become a privately-held company and
its American depositary shares ("ADSs"), every two ADSs
representing three ordinary shares, will no longer be listed on
NASDAQ.
SAFE HARBOR: FORWARD-LOOKING STATEMENTS
Certain statements in this press release include forward-looking
statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
can be identified by the use of forward-looking terminology, such
as "may," "will," "expect," "intend," "estimate," "anticipate,"
"believe," "project" or "continue" or the negative thereof or other
similar words. All forward-looking statements involve risks and
uncertainties, including, but not limited to, 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 proxy statement
furnished by the Company. Actual results may differ materially from
those discussed in, or implied by, the forward-looking statements.
The forward-looking statements speak only as of the date of this
release and the Company assumes no duty to update them to reflect
new, changing or unanticipated events or circumstances.
ABOUT JIAYUAN
Jiayuan.com International Ltd. ("Jiayuan") (NASDAQ: DATE)
operates the largest online dating platform in China. Jiayuan is committed to providing a
trusted, effective, and user-focused online dating platform that
addresses the dating and marriage needs of China's rapidly growing urban singles
population. As a pioneer in China's online dating market, Jiayuan ranks
first in terms of number of unique visitors, average time spent per
user and average page views per user among all online dating
websites in China in 2014,
according to iResearch. Jiayuan recorded an average of 5.3 million
monthly active user accounts in the third quarter of 2015. Every
two of Jiayuan's American depositary shares represent three
ordinary shares.
For more information, please visit http://ir.jiayuan.com.
Contacts:
China
Sonora Ma
Jiayuan.com International Ltd.
+86 (10) 6442-2321
ir@jiayuan.com
Mr. Christian Arnell
Christensen Investor Relations
+86-10-5900-1548
carnell@christensenir.com
United States
Ms. Linda Bergkamp
Christensen Investor Relations Group
+1-480-614-3004
Email: lbergkamp@Christensenir.com
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SOURCE Jiayuan.com International Ltd.
