Sungy Mobile Announces Extraordinary General Meeting of Shareholders
October 09 2015 - 8:00AM
Sungy Mobile Limited (NASDAQ:GOMO) ("Sungy Mobile" or the
"Company"), a leading provider of mobile internet products and
services globally with a focus on applications and mobile platform
development, today announced that it has called an extraordinary
general meeting of shareholders (the "EGM"), to be held on November
16, 2015 at 10:00 a.m. (Beijing time), at Floor 17, Tower A, China
International Center, No. 33 Zhongshan 3rd Road, Yuexiu District,
Guangzhou 510055, 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, dated June 8,
2015 (the "Merger Agreement") with Sunflower Parent Limited, an
exempted company incorporated with limited liability under the laws
of the Cayman Islands ("Parent") formed by Mr. Yuqiang Deng ("Mr.
Deng"), Mr. Zhi Zhu ("Mr. Zhu"), IDG-Accel China Growth Fund L.P.,
IDG-Accel China Growth Fund-A L.P., IDG Technology Venture
Investment III, L.P., IDG-Accel China Investors L.P. and CBC Mobile
Venture Limited and Sunflower Merger Sub Limited, an exempted
company incorporated with limited liability under the laws of the
Cayman Islands ("Merger Sub") and a wholly owned subsidiary of
Parent, the plan of merger required to be filed with the Registrar
of Companies of the Cayman Islands, substantially in the form
attached as Annex A to the Merger Agreement (the "Plan of Merger")
and the transactions contemplated thereby, including the Merger (as
defined below).
Pursuant to the Merger Agreement, Merger Sub will be merged with
and into the Company with the Company continuing as the surviving
company and becoming a wholly owned subsidiary of Parent (the
"Merger"). If consummated, the Merger would result in the Company
becoming a privately-held company and its American depositary
shares (the "ADSs") would no longer be listed on the NASDAQ Global
Selected Market and the ADS program would be terminated. The
Company's board of directors, acting upon the unanimous
recommendation of a special committee of the Company's board of
directors composed entirely of independent directors, recommends
that the shareholders and ADS holders vote FOR, among other things,
the proposal to approve the Merger Agreement, the Plan of Merger
and the transactions contemplated thereby, including the
Merger.
Shareholders of record at the close of business in the Cayman
Islands on October 23, 2015 will be entitled to attend and vote at
the EGM and any adjournment thereof. The record date for ADS
holders entitled to instruct JPMorgan Chase Bank, N.A., the ADS
depositary, to vote the shares represented by the ADSs is the close
of business in New York City on October 13, 2015. Additional
information regarding the EGM and the Merger Agreement can be found
in the transaction statement on Schedule 13E-3 and the 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). SHAREHOLDERS AND ADS
HOLDERS 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, executive officers and
other members of management and employees may, under SEC rules, be
deemed to be "participants" in the solicitation of proxies from our
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 definitive proxy
statement and Schedule 13E-3 transaction statement relating to the
proposed Merger. 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 neither a solicitation of a proxy, an offer
to purchase nor a solicitation of an offer to sell any securities
and it is not a substitute for any proxy statement or other filings
that have been or will be made with the SEC.
About Sungy Mobile Limited
(http://www.gomo.com)
Sungy Mobile Limited (Nasdaq:GOMO) is a leading provider of
mobile internet products and services globally with a focus on
applications and mobile platform development. Sungy Mobile's
platform product, GO Launcher EX, manages apps, widgets and
functions on Android smartphones and serves as users' first entry
point to their phones; it is the mobile access point from which
many Android users are able to find new and innovative ways to
customize their experience, download apps and interact with their
mobile devices every day.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements, including management quotes and business outlook,
constitute forward-looking statements under the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. Such statements involve certain
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements. Sungy Mobile does not undertake any obligation to
update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
CONTACT: For further information, please contact
ICR, Inc.
Vera Tang
Tel: +1-646-417-5388
Email: IR@gomo.com
SUNGY MOBILE LTD (NASDAQ:GOMO)
Historical Stock Chart
From Aug 2024 to Sep 2024
SUNGY MOBILE LTD (NASDAQ:GOMO)
Historical Stock Chart
From Sep 2023 to Sep 2024