SHENZHEN, China, Dec. 16, 2016 /PRNewswire/ -- 500.com Limited
(NYSE: WBAI) ("500.com" or the "Company"), a leading online sports
lottery service provider in China,
today announced that it will hold its annual general meeting of
shareholders ("AGM") at 10 a.m. on
December 30, 2016, Beijing / Hong Kong Time at 500.com Building,
Shenxianling Sports Center, Longgang District, Shenzhen, China.
The AGM will discuss and seek adoption of the following
resolutions to be proposed by the Company:
Proposal No. 1: A special resolution for the amendment of
Article 89(b) of the Company's Second Amended and Restated
Memorandum and Articles of Association;
Proposal No. 2: Ratify and approve the appointment of Ernst
& Young Hua Ming as the
independent registered public accounting firm of the Company;
Proposal No. 3: Approve the inclusion of the Company's audited
consolidated financial statements for the fiscal year ended
December 31, 2016 in the Company's
2017 annual report.
Holders of record of ordinary shares of the Company at the close
of business on November 16, 2016 are
entitled to notice of, and to vote at, the AGM or any adjournment
or postponement thereof. Holders of the Company's American
depositary shares ("ADSs") who wish to exercise their voting rights
for the underlying ordinary shares must act through Deutsche Bank
Trust Company Americas, the depository of the Company's ADS
program.
500.com has filed its annual report on Form 20-F, including its
audited financial statements, for the fiscal year ended
December 31, 2015, with the U.S.
Securities and Exchange Commission. 500.com's Form 20-F can be
accessed on the "SEC Filings" section of the Company's Website at
http://ir.500.com as well as on the SEC's website at
http://www.sec.gov. Shareholders may also obtain a hard copy of the
Company's annual report on Form 20-F, free of charge, by writing to
Mr. Joseph Zhou, 500.com Limited,
500.com Building, Shenxianling Sports Center, Longgang District,
Shenzhen 518115, China, or by email to ir@500wan.com.
About 500.com Limited
500.com Limited (NYSE:WBAI) is a leading online sports lottery
service provider in China. The
Company offers a comprehensive and integrated suite of online
lottery services, information, user tools and virtual community
venues to its users. 500.com was among the first companies to
provide online lottery services in China, and is one of two entities that have
been approved by the Ministry of Finance to provide online lottery
sales services on behalf of the China Sports Lottery Administration
Center, which is the government authority that is in charge of the
issuance and sale of sports lottery products in China.
Safe Harbor Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in 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," "target,"
"going forward," "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company 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 law.
For more information, please contact:
500.com Limited
IR@500wan.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE 500.com Limited