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TABLE OF CONTENTS
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 3
TO
SCHEDULE 13E-3
RULE 13e-3 TRANSACTION STATEMENT
(Pursuant to Section 13(e) of the Securities Exchange Act of 1934)
TAOMEE HOLDINGS LIMITED
(Name of the Issuer)
Taomee Holdings Limited
Orient TM Parent Limited
Orient TM Merger Limited
Mr. Benson Haibing Wang
Mr. Roc Yunpeng Cheng
Mr. Jason Liqing Zeng
Joy Union Holdings Limited
Charming China Limited
Frontier Technology Holdings Limited
Speednext Industrial Limited
Dongzhengruibo (Shanghai) Investment Center (Limited Partnership)
Orient Ruide Capital Management (Shanghai) Co., Ltd.
(Names of Persons Filing Statement)
Ordinary shares, par value US$0.00002 per share
American Depositary Shares, each representing 20 ordinary shares
(Title of Class of Securities)
87600Y106
1
(CUSIP Number)
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|
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Sam Lawn, Chief Financial Officer
Taomee Holdings Limited
16/F, Building No. A-2,
No. 1528 Gumei Road, Xuhui District
Shanghai 200233, People's Republic of China
Tel: +86 (21) 6128-0056
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|
Mr. Benson Haibing Wang
Mr. Roc Yunpeng Cheng
Mr. Jason Liqing Zeng
Joy Union Holdings Limited
Charming China Limited
Frontier Technology Holdings
Speednext Industrial Limited
c/o 16/F, Building No. A-2,
No. 1528 Gumei Road, Xuhui District
Shanghai 200233, People's Republic of China
Tel: +86 (21) 6128-0056
|
Orient TM Parent Limited
Orient TM Merger Limited
c/o Maricorp Services Ltd.,
P.O. Box 2075, George Town,
Grand Cayman KY1-1105,
Cayman Islands
Tel: + 86 (21) 6332-5888
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|
Dongzhengruibo (Shanghai) Investment Center
(Limited Partnership)
Orient Ruide Capital Management (Shanghai) Co., Ltd.
c/o 36/F, Building No. 2,
Orient International Finance Center,
318 South Zhong Shan Road,
Shanghai, People's Republic of China
Tel: + 86 (21) 6332-5888
|
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
With copies to:
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James T. Lidbury
Ropes & Gray LLP
41st Floor, One Exchange Square
8 Connaught Place
Central, Hong Kong
Fax: +852 3664 6454
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Karen M. Yan, Esq.
Fenwick & West LLP
Unit 908, Kerry Parkside Office
No. 1155 Fang Dian Road
Pudong, Shanghai 201204
People's Republic of China
Fax: +86 (21) 8017-1299
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|
Stephanie Tang, Esq.
Shearman & Sterling
12th Floor, Gloucester Tower
The Landmark
15 Queen's Road, Central
Hong Kong
Tel: +852-2978-8028
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This
statement is filed in connection with (check the appropriate box):
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a
-
o
The filing of solicitation materials or an information statement subject to Regulation 14A,
Regulation 14-C or Rule 13e-3(c) under the Securities Exchange Act of 1934.
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b
-
o
The filing of a registration statement under the Securities Act of 1933.
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c
-
o
A tender offer
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d
-
ý
None of the above
Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary
copies:
o
Check the following box if the filing is a final amendment reporting the results of the transaction:
o
Calculation of Filing Fee
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Transactional Valuation*
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Amount of Filing Fee**
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|
$136,063,379.91
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$13,701.58
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*
-
Calculated
solely for the purpose of determining the filing fee in accordance with Rule 0-11(b)(1) under the Securities Exchange Act of 1934, as
amended. The filing fee is calculated based on the sum of (a) the aggregate cash payment for the proposed per share cash payment of $0.1884 for 713,627,080 issued and outstanding ordinary
shares of the issuer (including shares represented by the American depositary shares) subject to the transaction plus (b) the product of 6,058,400 ordinary shares issuable under all outstanding
and unexercised options multiplied by $0.1224 per share (which is the difference between $0.1884 per share merger consideration and the weighted average exercise price of $0.0660 per share plus
(c) the product of 4,641,666 shares of company restricted shares multiplied by $0.1884 per share ((a), (b) and (c) together, the "Transaction Valuation")).
-
**
-
The
amount of the filing fee, calculated in accordance with Exchange Act Rule 0-11(b)(1) and the Securities and Exchange Commission Fee Rate Advisory
#1 for Fiscal Year 2016, was calculated by multiplying the Transaction Valuation by 0.00010070.
-
o
-
Check
box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with
which the offsetting of the fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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1
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This
CUSIP applies to the American Depositary Shares, evidenced by American Depositary Receipts, each representing 20 ordinary shares.
TABLE OF CONTENTS
2
Table of Contents
INTRODUCTION
This Amendment No. 3 (this "Amendment") to the Rule 13E-3 transaction statement on Schedule 13E-3, together with
the exhibits hereto as amended (this "Transaction Statement"), is being filed with the Securities and Exchange Commission (the "SEC") pursuant to Section 13(e) of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), jointly by the following persons (each, a "Filing Person," and collectively, the "Filing Persons"): (a) Taomee Holdings Limited, an exempted company with
limited liability incorporated under the laws of the Cayman Islands (the "Company"), the issuer of the ordinary share, par value US$0.00002 per share (each, a "Share"), including the Shares
represented by the American depositary shares ("ADSs"), each representing 20 Shares, that is subject to the transaction pursuant to Rule 13e-3 under the Exchange Act; (b) Orient TM
Parent Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent"); (c) Orient TM Merger Limited, an exempted company with limited liability
incorporated under the laws of the Cayman Islands ("Merger Sub"); (d) Mr. Benson Haibing Wang, the co-founder, a director and the chief executive officer of the Company
("Mr. Wang"); (e) Mr. Roc Yunpeng Cheng, the co-founder, a director and president of the Company ("Mr. Cheng"); (f) Mr. Jason Liqing Zeng, the chairman of the
board of directors of the Company ("Mr. Zeng"); (g) Joy Union
Holdings Limited, a company incorporated under the laws of the British Virgin Islands wholly owned by Mr. Wang ("Joy Union"); (h) Charming China Limited, a company incorporated under the
laws of the British Virgin Islands wholly owned by Mr. Cheng ("Charming China"); (i) Frontier Technology Holdings Limited, a company incorporated under the laws of the British Virgin
Islands wholly owned by Mr. Zeng ("Frontier Technology," and collectively with Mr. Wang, Mr. Cheng, Mr. Zeng, Joy Union and Charming China, the "Rollover Shareholders") and
Speednext Industrial Limited, a company incorporated under the laws of the British Virgin Islands wholly owned by Mr. Zeng; (j) Dongzhengruibo (Shanghai) Investment Center (Limited
Partnership), a limited partnership formed under the laws of the PRC; and (k) Orient Ruide Capital Management (Shanghai) Co., Ltd., a company incorporated under the laws of the
PRC (the "Sponsor," and together with Mr. Wang, Mr. Cheng, Joy Union and Charming China, the "Buyer Group"). This Amendment amends and restates in its entirety information set forth in
the Transaction Statement.
On
December 11, 2015, Parent, Merger Sub and the Company entered into an agreement and plan of merger (the "Merger Agreement") providing for the merger of Merger Sub with and into
the Company (the "Merger"), with the Company continuing as the surviving corporation after the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective
Time"), Parent will be beneficially owned by the Rollover Shareholders and the Sponsor.
If
the Merger is completed, each Share issued and outstanding immediately prior to the Effective Time will be cancelled and cease to exist and will be converted into and exchanged for
the right to receive US$0.1884 per Share and each issued and outstanding ADS will represent the right to surrender one ADS in exchange for US$3.767 per ADS, in each case, in cash, without interest and
net of any applicable withholding taxes, except for (a) Shares or ADSs held or beneficially held by the Rollover Shareholders (the "Rollover Shares"), which will be cancelled for no
consideration, (b) Shares (including Shares represented by the ADSs) beneficially owned by the Company or held by the Company as treasury shares or held by the Company's depositary that are
reserved (but not yet allocated) by the Company for settlement upon exercise of any Company equity awards, and (c) Shares owned by shareholders who have validly exercised and not effectively
withdrawn or lost their rights to dissent from the Merger pursuant to Section 238 of the Cayman Islands Companies Law, which Shares will be cancelled in accordance with the procedures set out
in Section 238 of the Cayman Islands Companies Law and the holders of such shares shall be entitled to receive the fair value of such Shares determined in accordance with the provisions of
Section 238 of the Cayman Islands Companies Law (the "Dissenting Shares").
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In
addition, at the Effective Time,
-
-
vesting of each option (the "Company Option") to purchase Shares granted under the Company's 2009 Stock Option Plan, 2010 Share
Incentive Plan and 2012 Share Incentive Plan, each as amended (collectively, the "Share Incentive Plans") outstanding as of the Effective Time and having an exercise price per Share less than
US$0.1884 will be accelerated by 12 months, (b) vesting of each Company Option outstanding as of the Effective Time and having an exercise price per Share equal to or greater than
US$0.1884 will be accelerated as to all of the covered Shares, and (c) vesting of each Company restricted share award issued under the Share Incentive Plans (the "Company Restricted Share", and
together with the Company Option, the "Company Equity Award") outstanding as of the effective time of the Merger will be accelerated by 12 months, except for certain awards that will be
accelerated by three months or vest immediately prior to the Effective Time;
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-
each vested Company Option (including after application of any acceleration), will be cancelled and converted into the right to
receive an amount equal to the product of (a) the excess of US$0.1884 over the exercise price payable per Share under such Company Option multiplied by (b) the number of Shares covered
under such vested Company Option, in cash, without interest and net of any applicable withholding taxes; if the exercise price of a Company option is greater than or equal to US$0.1884, such Company
Option will be cancelled at the Effective Time for no consideration;
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-
each unvested and outstanding Company Option as of the Effective Time will be assumed by Parent and converted into an option to
purchase that number of ordinary shares of Parent equal to the number of Shares subject to such option multiplied by the ratio of (a) US$0.1884 divided by (b) the fair market value of
one ordinary share of Parent at the Effective Time, and rounded down to the nearest whole share, with a per share exercise price determined by dividing the per Share exercise price of such option by
the ratio of (x) US$0.1884 divided by (y) the fair market value of one ordinary share of Parent at the Effective Time, and rounding up to the nearest whole cent; and the terms and
conditions of the assumed option, including vesting conditions, shall otherwise remain unmodified;
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-
each Company Restricted Share vested and outstanding as of the effective time of the Merger (after application of any acceleration)
will be cancelled and converted into the right to receive US$0.1884 per Share, in cash, without interest and net of any applicable withholding taxes; and
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-
each unvested and outstanding Company Restricted Share will be assumed by Parent and will cover that number of ordinary shares of
Parent equal to the number of Shares covered thereby multiplied by the ratio of (a) US$0.1884 divided by (b) the fair market value of one ordinary share of Parent at the Effective Time,
rounded down to the nearest whole share; the terms and conditions of the assumed Company Restricted Share, including vesting conditions, shall otherwise remain unmodified.
The
payment in connection with the treatment of applicable vested Company Options and vested Company Restricted Shares will be made by the Surviving Corporation as soon as practicable
following the Effective Time (and in any event within 30 days following the Effective Time).
The
Merger remains subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement, including obtaining the requisite approval of the shareholders of the
Company. The Merger Agreement, the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands in connection with the Merger (the "Plan of Merger") and the transactions
contemplated by the Merger Agreement and the Plan of Merger (collectively, the "Transactions"), including the Merger, must be authorized and approved by a special resolution representing an
affirmative vote of shareholders representing at least two-thirds of the Shares (including Shares represented by ADSs)
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Table of Contents
present
and voting in person or by proxy as a single class at the extraordinary general meeting of the Company's shareholders held in accordance with its memorandum and articles of association.
As
of the date of this Transaction Statement, the Rollover Shareholders beneficially own approximately 45.8% of the total issued and outstanding Shares in the Company. Pursuant to the
terms of the Rollover and Support Agreement, the Rollover Shareholders agreed to vote all of the Shares beneficially owned by them in favor of the authorization and approval of the Merger Agreement,
the Plan of Merger and the transactions contemplated by the Merger Agreement, including the Merger, at the extraordinary general meeting of shareholders of the Company. In addition, pursuant to the
Rollover and Support Agreement, the Rollover Shareholders also agreed to roll-over a portion of the Shares owned by them, representing approximately 27.1% of the total issued and outstanding Shares in
the Company, in connection with the Merger.
The Company will make available to its shareholders a proxy statement (the "Proxy Statement," a copy of which is attached as Exhibit (a)(1) to this Transaction Statement),
relating to the extraordinary general meeting of the Company's shareholders, at which the Company's shareholders will consider and vote upon, among other proposals, a proposal to authorize and approve
the Merger Agreement, the Plan of Merger and the Transactions, including the Merger.
The cross-references below are being supplied pursuant to General Instruction G to Schedule 13E-3 and show the location in the Proxy Statement of the information required
to be included in response to the items of Schedule 13E-3. Pursuant to General Instruction F to Schedule 13E-3, the information contained in the Proxy Statement, including all
annexes thereto, is incorporated in its entirety herein by this reference, and the responses to each item in this Schedule 13E-3 are qualified in their entirety by the information contained in
the Proxy Statement and the annexes thereto. Capitalized terms used but not defined in this Transaction Statement shall have the meanings given to them in the Proxy Statement.
All
information contained in this Transaction Statement concerning each Filing Person has been supplied by such Filing Person and no Filing Person has produced any disclosure with
respect to any other Filing Person.
Item 1 Summary of Term Sheet
The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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-
"Summary Term Sheet"
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-
"Questions and Answers about the Extraordinary General Meeting and the Merger"
Item 2 Subject Company Information
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(a)
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Name
and Address. The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
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-
"Summary Term SheetThe Parties Involved in the Merger"
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(b)
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Securities.
The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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"The Extraordinary General MeetingRecord Date; Shares and ADSs Entitled to Vote"
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"The Extraordinary General MeetingProcedures for Voting"
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"Security Ownership of Certain Beneficial Owners and Management of the Company"
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Table of Contents
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(c)
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Trading
Market and Price. The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
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-
"Market Price of the Company's ADSs, Dividends and Other Matters"
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(d)
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Dividends.
The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
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-
"Market Price of the Company's ADSs, Dividends and Other Matters"
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(e)
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Prior
Public Offerings. The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
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"Transactions in Shares and ADSs"
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(f)
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Prior
Stock Purchases. The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
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"Transactions in Shares and ADSs"
Item 3 Identity and Background of Filing Persons
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(a)
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Name
and Address. Taomee Holdings Limited is the subject company. The information set forth in the Proxy Statement under the following captions is
incorporated herein by reference:
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-
"Summary Term SheetThe Parties Involved in the Merger"
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"Annex IDirectors and Executive Officers of Each Filing Person"
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(b)
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Business
and Background of Entities. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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-
"Summary Term SheetThe Parties Involved in the Merger"
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"Annex IDirectors and Executive Officers of Each Filing Person"
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(c)
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Business
and Background of Natural Persons. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term SheetThe Parties Involved in the Merger"
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-
"Annex IDirectors and Executive Officers of Each Filing Person"
Item 4 Terms of the Transaction
(a)-(1) Material
TermsTender Offers. Not applicable.
(a)-(2) Material
TermsMerger or Similar Transactions. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term Sheet"
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-
"Questions and Answers about the Extraordinary General Meeting and the Merger"
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"Special Factors"
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"The Extraordinary General Meeting"
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"The Merger Agreement"
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"Annex AAgreement and Plan of Merger"
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-
"Annex BPlan of Merger"
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Table of Contents
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(c)
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Different
Terms. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term SheetInterests of the Company's Executive Officers and Directors in the Merger"
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"Special FactorsInterests of Certain Persons in the Merger"
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"The Extraordinary General MeetingProposals to be Considered at the Extraordinary General Meeting"
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"The Merger Agreement"
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"Annex AAgreement and Plan of Merger"
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"Annex BPlan of Merger"
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(d)
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Appraisal
Rights. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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"Summary Term SheetDissenters' Rights of Shareholders"
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"Questions and Answers about the Extraordinary General Meeting and the Merger"
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"Dissenters' Rights"
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"Annex GCayman Companies Law Cap. 22 (Law 3 of 1961, as consolidated and revised)Section 238"
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(e)
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Provisions
for Unaffiliated Security Holders. The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
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"Provisions for Unaffiliated Security Holders"
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(f)
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Eligibility
of Listing or Trading. Not applicable.
Item 5 Past Contracts, Transactions, Negotiations and Agreements
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(a)
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Transactions.
The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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"Special FactorsInterests of Certain Persons in the Merger"
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"Special FactorsRelated-Party Transactions"
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"Transactions in Shares and ADSs"
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(b)
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Significant
Corporate Events. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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-
"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board"
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"Special FactorsPurposes of and Reasons for the Merger"
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"Special FactorsInterests of Certain Persons in the Merger"
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"The Merger Agreement"
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"Annex AAgreement and Plan of Merger"
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"Annex BPlan of Merger"
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Table of Contents
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(c)
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Negotiations
or Contacts. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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"Special FactorsBackground of the Merger"
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-
"Special FactorsInterests of Certain Persons in the Merger"
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"The Merger Agreement"
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"Annex AAgreement and Plan of Merger"
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"Annex BPlan of Merger"
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(e)
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Agreements
Involving the Subject Company's Securities. The information set forth in the Proxy Statement under the following captions is incorporated herein
by reference:
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-
"Summary Term SheetRollover and Support Agreement"
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"Summary Term SheetPlans for the Company after the Merger"
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"Summary Term SheetFinancing of the Merger"
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"Special FactorsBackground of the Merger"
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"Special FactorsPlans for the Company after the Merger"
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"Special FactorsFinancing of the Merger"
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"Special FactorsRollover and Support Agreement"
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"Special FactorsInterests of Certain Persons in the Merger"
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"The Merger Agreement"
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"Transactions in Shares and ADSs"
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"Annex AAgreement and Plan of Merger"
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"Annex BPlan of Merger"
Item 6 Purposes of the Transaction and Plans or Proposals
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(b)
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Use
of Securities Acquired. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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"Summary Term Sheet"
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-
"Questions and Answers about the Extraordinary General Meeting and the Merger"
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"Special FactorsPurposes of and Reasons for the Merger"
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"Special FactorsEffects of the Merger on the Company"
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"The Merger Agreement"
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"Annex AAgreement and Plan of Merger"
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"Annex BPlan of Merger"
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(c)
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(1)-(8) Plans.
The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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"Summary Term SheetThe Merger Agreement"
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"Summary Term SheetPurposes of and Effects of the Merger"
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Table of Contents
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"Summary Term SheetPlans for the Company after the Merger"
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"Summary Term SheetFinancing of the Merger"
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"Summary Term SheetInterests of the Company's Executive Officers and Directors in the Merger"
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"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board"
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"Special FactorsPurposes of and Reasons for the Merger"
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"Special FactorsEffects of the Merger on the Company"
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"Special FactorsPlans for the Company after the Merger"
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"Special FactorsFinancing of the Merger"
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"Special FactorsInterests of Certain Persons in the Merger"
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"The Merger Agreement"
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"Annex AAgreement and Plan of Merger"
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"Annex BPlan of Merger"
Item 7 Purposes, Alternatives, Reasons and Effects
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(a)
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Purposes.
The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term SheetPurposes and Effects of the Merger"
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-
"Summary Term SheetPlans for the Company after the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board"
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"Special FactorsPurposes of and Reasons for the Merger"
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(b)
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Alternatives.
The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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-
"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board"
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"Special FactorsPosition of the Buyer Group as to the Fairness of the Merger"
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"Special FactorsPurposes of and Reasons for the Merger"
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"Special FactorsAlternatives to the Merger"
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"Special FactorsEffects on the Company if the Merger is not Completed"
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(c)
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Reasons.
The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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-
"Summary Term SheetPurposes and Effects of the Merger"
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-
"Special FactorsBackground of the Merger"
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Table of Contents
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board"
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"Special FactorsPosition of the Buyer Group as to the Fairness of the Merger"
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"Special FactorsPurposes of and Reasons for the Merger"
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"Special FactorsEffects of the Merger on the Company"
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(d)
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Effects.
The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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-
"Summary Term SheetPurposes and Effects of the Merger"
-
-
"Special FactorsBackground of the Merger"
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-
"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board"
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"Special FactorsEffects of the Merger on the Company"
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"Special FactorsPlans for the Company after the Merger"
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"Special FactorsEffects on the Company if the Merger is not Completed"
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"Special FactorsInterests of Certain Persons in the Merger"
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"Special FactorsMaterial U.S. Federal Income Tax Consequences"
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"Special FactorsMaterial PRC Income Tax Consequences"
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"Special FactorsMaterial Cayman Islands Tax Consequences"
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"The Merger Agreement"
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"Annex AAgreement and Plan of Merger"
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"Annex BPlan of Merger"
Item 8 Fairness of the Transaction
(a)-(b) Fairness;
Factors Considered in Determining Fairness. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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-
"Summary Term SheetRecommendations of the Special Committee and the Board"
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"Summary Term SheetPosition of the Buyer Group as to Fairness"
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"Summary Term SheetOpinion of Duff & Phelps Securities, Financial Advisor to the Special Committee"
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"Summary Term SheetInterests of the Company's Executive Officers and Directors in the Merger"
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"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board"
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"Special FactorsPosition of the Buyer Group as to the Fairness of the Merger"
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"Special FactorsOpinions of the Special Committee's Financial Advisors"
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Table of Contents
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"Special FactorsInterests of Certain Persons in the Merger"
-
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"Annex HOpinion of Duff & Phelps"
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(c)
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Approval
of Security Holders. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term SheetShareholder Vote Required to Authorize and Approve the Merger Agreement and Plan of Merger"
-
-
"Questions and Answers about the Extraordinary General Meeting and the Merger"
-
-
"The Extraordinary General MeetingVote Required"
-
(d)
-
Unaffiliated
Representative. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Special FactorsBackground of the Merger"
-
-
"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board"
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-
"Special FactorsOpinion of Duff & Phelps, Special Committee's Financial Advisor"
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"Annex HOpinion of Duff & Phelps"
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(e)
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Approval
of Directors. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term SheetRecommendations of the Special Committee and the Board"
-
-
"Special FactorsBackground of the Merger"
-
-
"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board"
-
(f)
-
Other
Offers. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Special FactorsBackground of the Merger"
-
-
"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board"
Item 9 Reports, Opinions, Appraisals and Negotiations
-
(a)
-
Report,
Opinion or Appraisal. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term SheetOpinion of Duff & Phelps Securities, Financial Advisor to the Special Committee"
-
-
"Special FactorsBackground of the Merger"
-
-
"Special FactorsOpinion of Duff & Phelps, Special Committee's Financial Advisor"
-
-
"Annex HOpinion of Duff & Phelps"
-
(b)
-
Preparer
and Summary of the Report, Opinion or Appraisal. The information set forth in the Proxy Statement under the following captions is incorporated
herein by reference:
-
-
"Special FactorsOpinion of Duff & Phelps, Special Committee's Financial Advisor"
11
Table of Contents
-
-
"Annex HOpinion of Duff & Phelps"
-
(c)
-
Availability
of Documents. The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
-
-
"Where You Can Find More Information"
The
reports, opinions or appraisals referenced in this Item 9 will be made available for inspection and copying at the principal executive offices of the Company during its regular business
hours by any interested holder of the Shares and ADSs or his, her or its representative who has been so designated in writing.
Item 10 Source and Amount of Funds or Other Consideration
-
(a)
-
Source
of Funds. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term SheetFinancing of the Merger"
-
-
"Special FactorsFinancing of the Merger"
-
-
"The Merger Agreement"
-
-
"Annex AAgreement and Plan of Merger"
-
-
"Annex BPlan of Merger"
-
(b)
-
Conditions.
The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term SheetFinancing of the Merger"
-
-
"Special FactorsFinancing of the Merger"
-
(c)
-
Expenses.
The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
-
-
"Special FactorsFees and Expenses"
-
(d)
-
Borrowed
Funds. The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
-
-
"Summary Term SheetFinancing of the Merger"
-
-
"Special FactorsFinancing of the Merger"
Item 11 Interest in Securities of the Subject Company
-
(a)
-
Securities
Ownership. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term SheetInterests of the Company's Executive Officers and Directors in the Merger"
-
-
"Special FactorsInterests of Certain Persons in the Merger"
-
-
"Security Ownership of Certain Beneficial Owners and Management of the Company"
-
(b)
-
Securities
Transactions. The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
-
-
"Transactions in the Shares and ADSs"
12
Table of Contents
Item 12 The Solicitation or Recommendation
-
(d)
-
Intent
to Tender or Vote in a Going-Private Transaction. The information set forth in the Proxy Statement under the following captions is incorporated
herein by reference:
-
-
"Summary Term SheetInterests of the Company's Executive Officers and Directors in the Merger"
-
-
"Summary Term SheetRollover and Support Agreement"
-
-
"Questions and Answers about the Extraordinary General Meeting and the Merger"
-
-
"Special FactorsRollover and Support Agreement"
-
-
"The Extraordinary General MeetingVote Required"
-
-
"Security Ownership of Certain Beneficial Owners and Management of the Company"
-
(e)
-
Recommendations
of Others. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term SheetRecommendations of the Special Committee and the Board"
-
-
"Summary Term SheetPosition of the Buyer Group as to Fairness"
-
-
"Summary Term SheetRollover and Support Agreement"
-
-
"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board"
-
-
"Special FactorsPosition of the Buyer Group as to the Fairness of the Merger"
-
-
"Special FactorsSupport Agreement"
-
-
"The Extraordinary General Meetingthe Board's Recommendation"
Item 13 Financial Statements
-
(a)
-
Financial
Information. The audited financial statements of the Company for the two years ended December 31, 2013 and 2014 are incorporated herein by
reference to the Company's Form 20-F for the year ended December 31, 2014, originally filed on April 15, 2015 (see page F-1 and following pages).
The
information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
-
-
"Financial Information"
-
-
"Where You Can Find More Information"
-
(b)
-
Pro
Forma Information. Not applicable.
Item 14 Persons/Assets, Retained, Employed, Compensated or Used
-
(a)
-
Solicitation
or Recommendations. The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
-
-
"The Extraordinary General MeetingSolicitation of Proxies"
-
(b)
-
Employees
and Corporate Assets. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
-
-
"Summary Term SheetThe Parties Involved in the Merger"
13
Table of Contents
-
-
"Special FactorsInterests of Certain Persons in the Merger"
-
-
"Annex IDirectors and Executive Officers of Each Filing Person"
Item 15 Additional Information
-
(b)
-
Other
Material Information. The information contained in the Proxy Statement, including all annexes thereto, is incorporated herein by reference.
Item 16 Exhibits
|
|
|
(a)-(1)
|
|
Proxy Statement of the Company dated March 25, 2016 (the "Proxy Statement").
|
(a)-(2)
|
|
Notice of Extraordinary General Meeting of Shareholders of the Company, incorporated herein by reference to the Proxy Statement.
|
(a)-(3)
|
|
Form of Proxy Card, incorporated herein by reference to the Proxy Statement.
|
(a)-(4)
|
|
Form of ADS Voting Instruction Card, incorporated herein by reference to the Proxy Statement.
|
(a)-(5)
|
|
Press Release issued by the Company, dated December 11, 2015, incorporated herein by reference to Exhibit 99.1 to the Report on Form 6-K furnished by the Company to the SEC on December 11,
2015.
|
(b)-(1)*
|
|
Equity Commitment Letter by and between Orient Ruide Capital Management (Shanghai) Co., Ltd. and Orient TM Parent Limited, dated December 11, 2015.
|
(b)-(2)
|
|
Rollover and Support Agreement by and among Orient TM Parent Limited, Mr. Benson Haibing Wang, Joy Union Holdings Limited, Mr. Roc Yunpeng Cheng, Charming China Limited, Mr. Jason Liqing Zeng and
Frontier Technology Holdings Limited, dated December 11, 2015 incorporated herein by reference to Annex C-1 to the proxy statement.
|
(b)-(3)
|
|
Amended and Restated Rollover and Support Agreement by and among Orient TM Parent Limited, Mr. Benson Haibing Wang, Joy Union Holdings Limited, Mr. Roc Yunpeng Cheng, Charming China Limited, Mr. Jason
Liqing Zeng and Frontier Technology Holdings Limited, dated December 31, 2015 incorporated herein by reference to Annex C-2 to the proxy statement.
|
(b)-(4)
|
|
Limited Guaranty of Orient Ruide Capital Management (Shanghai) Co., Ltd. in favor of Taomee Holdings Limited dated December 11, 2015, incorporated herein by reference to Annex D to this proxy
statement.
|
(b)-(5)
|
|
Limited Guaranty of Mr. Benson Haibing Wang and Joy Union Holdings Limited in favor of Taomee Holdings Limited dated December 11, 2015, incorporated herein by reference to Annex E to this proxy
statement.
|
(b)-(6)
|
|
Limited Guaranty of Mr. Roc Yunpeng Cheng and Charming China Limited in favor of Taomee Holdings Limited dated December 11, 2015, incorporated herein by reference to Annex F to this proxy
statement
|
(c)-(1)
|
|
Opinion of Duff & Phelps, dated December 11, 2015, incorporated herein by reference to Annex H to the Proxy Statement.
|
(c)-(2)*
|
|
Discussion Materials prepared by Duff & Phelps for discussion with the Special Committee of the board of directors of Taomee Holdings Limited, dated December 11, 2015.
|
14
Table of Contents
|
|
|
(d)-(1)
|
|
Agreement and Plan of Merger, dated as of December 11, 2015, among Taomee Holdings Limited, Orient TM Parent Limited and Orient TM Merger Limited incorporated herein by reference to Annex A and Annex B to
the Proxy Statement.
|
(f)-(1)
|
|
Dissenters' Rights, incorporated herein by reference to the section entitled "Dissenters' Rights" in the Proxy Statement.
|
(f)-(2)
|
|
Section 238 of the Cayman Islands Companies Law Cap. 22 (Law 3 of 1961, as consolidated and revised), incorporated herein by reference to Annex G to the Proxy Statement.
|
(g)
|
|
Not applicable.
|
-
*
-
Previously
filed on January 5, 2016.
15
Table of Contents
SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: March 25, 2016
|
|
|
|
|
|
|
|
|
Taomee Holdings Limited
|
|
|
By
|
|
/s/ SAM LAWN
|
|
|
|
|
Name: Sam Lawn
Title: CFO
|
|
|
Orient TM Parent Limited
|
|
|
By
|
|
/s/ HAI FENG
|
|
|
|
|
Name: Hai Feng
Title: Director
|
|
|
Orient TM Merger Limited
|
|
|
By
|
|
/s/ HAI FENG
|
|
|
|
|
Name: Hai Feng
Title: Director
|
|
|
Mr. Benson Haibing Wang
|
|
|
/s/ BENSON HAIBING WANG
Benson Haibing Wang
|
|
|
Mr. Roc Yunpeng Cheng
|
|
|
/s/ ROC YUNPENG CHENG
Roc Yunpeng Cheng
|
|
|
Mr. Jason Liqing Zeng
|
|
|
/s/ JASON LIQING ZENG
Jason Liqing Zeng
|
16
Table of Contents
|
|
|
|
|
|
|
|
|
Joy Union Holdings Limited
|
|
|
By
|
|
/s/ BENSON HAIBING WANG
|
|
|
|
|
Name: Benson Haibing Wang
Title: Director
|
|
|
Charming China Limited
|
|
|
By
|
|
/s/ ROC YUNPENG CHENG
|
|
|
|
|
Name: Roc Yunpeng Cheng
Title: Director
|
|
|
Frontier Technology Holdings Limited
|
|
|
By
|
|
/s/ JASON LIQING ZENG
|
|
|
|
|
Name: Jason Liqing Zeng
Title: Director
|
|
|
Speednext Industrial Limited
|
|
|
By
|
|
/s/ JASON LIQING ZENG
|
|
|
|
|
Name: Jason Liqing Zeng
Title: Director
|
|
|
Dongzhengruibo (Shanghai) Investment Center (Limited Partnership)
|
|
|
By
|
|
/s/ HAI FENG
|
|
|
|
|
Name: Hai Feng
Title: Authorized Signatory
|
|
|
Orient Ruide Capital Management (Shanghai) Co., Ltd.
|
|
|
By
|
|
/s/ BO CHEN
|
|
|
|
|
Name: Bo Chen
Title: Chairman of the Board of Directors
|
17
Table of Contents
EXHIBIT INDEX
|
|
|
(a)-(1)
|
|
Proxy Statement of the Company dated March 25, 2016 (the "Proxy Statement").
|
(a)-(2)
|
|
Notice of Extraordinary General Meeting of Shareholders of the Company, incorporated herein by reference to the Proxy Statement.
|
(a)-(3)
|
|
Form of Proxy Card, incorporated herein by reference to the Proxy Statement.
|
(a)-(4)
|
|
Form of ADS Voting Instruction Card, incorporated herein by reference to the Proxy Statement.
|
(a)-(5)
|
|
Press Release issued by the Company, dated December 11, 2015, incorporated herein by reference to Exhibit 99.1 to the Report on Form 6-K furnished by the Company to the SEC on December 11,
2015.
|
(b)-(1)*
|
|
Equity Commitment Letter by and between Orient Ruide Capital Management (Shanghai) Co., Ltd. and Orient TM Parent Limited, dated December 11, 2015.
|
(b)-(2)
|
|
Rollover and Support Agreement by and among Orient TM Parent Limited, Mr. Benson Haibing Wang, Joy Union Holdings Limited, Mr. Roc Yunpeng Cheng, Charming China Limited, Mr. Jason Liqing Zeng and Frontier
Technology Holdings Limited, dated December 11, 2015 incorporated herein by reference to Annex C-1 to the proxy statement.
|
(b)-(3)
|
|
Amended and Restated Rollover and Support Agreement by and among Orient TM Parent Limited, Mr. Benson Haibing Wang, Joy Union Holdings Limited, Mr. Roc Yunpeng Cheng, Charming China Limited, Mr. Jason
Liqing Zeng and Frontier Technology Holdings Limited, dated December 31, 2015 incorporated herein by reference to Annex C-2 to the proxy statement.
|
(b)-(4)
|
|
Limited Guaranty of Orient Ruide Capital Management (Shanghai) Co., Ltd. in favor of Taomee Holdings Limited dated December 11, 2015, incorporated herein by reference to Annex D to this proxy
statement.
|
(b)-(5)
|
|
Limited Guaranty of Mr. Benson Haibing Wang and Joy Union Holdings Limited in favor of Taomee Holdings Limited dated December 11, 2015, incorporated herein by reference to Annex E to this proxy
statement.
|
(b)-(6)
|
|
Limited Guaranty of Mr. Roc Yunpeng Cheng and Charming China Limited in favor of Taomee Holdings Limited dated December 11, 2015, incorporated herein by reference to Annex F to this proxy
statement
|
(c)-(1)
|
|
Opinion of Duff & Phelps, dated December 11, 2015, incorporated herein by reference to Annex H to the Proxy Statement.
|
(c)-(2)*
|
|
Discussion Materials prepared by Duff & Phelps for discussion with the Special Committee of the board of directors of Taomee Holdings Limited, dated December 11, 2015.
|
(d)-(1)
|
|
Agreement and Plan of Merger, dated as of December 11, 2015, among Taomee Holdings Limited, Orient TM Parent Limited and Orient TM Merger Limited incorporated herein by reference to Annex A and Annex B to
the Proxy Statement.
|
(f)-(1)
|
|
Dissenters' Rights, incorporated herein by reference to the section entitled "Dissenters' Rights" in the Proxy Statement.
|
(f)-(2)
|
|
Section 238 of the Cayman Islands Companies Law Cap. 22 (Law 3 of 1961, as consolidated and revised), incorporated herein by reference to Annex G to the Proxy Statement.
|
(g)
|
|
Not applicable.
|
-
*
-
Previously
filed on January 5, 2016.
18
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