TAI'AN, China, June 18, 2021 /PRNewswire/ -- China Customer
Relations Centers, Inc. (Nasdaq: CCRC) (the "Company"), a leading
e-commerce and financial services business process outsourcing
service provider in China, today
announced that at the extraordinary general meeting of shareholders
(the "EGM") held on June 18, 2021,
the Company's shareholders voted in favor of, among other things,
the proposals to authorize and approve (i) the previously announced
agreement and plan of merger dated as of March 12, 2021 (the "Merger Agreement"), by and
among the Company, Taiying Group Ltd., a business company with
limited liability incorporated in the British Virgin Islands ("Parent") and Taiying
International Inc., a business company with limited liability
incorporated in the British Virgin
Islands and a wholly-owned subsidiary of Parent ("Merger
Sub"); (ii) the plan of merger and the articles of merger required
to be filed with the Registrar of Corporate Affairs of the
British Virgin Islands (the "Plan
of Merger"), pursuant to which Merger Sub will merge with and into
the Company and cease to exist, with the Company continuing as the
surviving company and becoming a wholly-owned subsidiary of the
Parent (the "Merger"); and (iii) any and all transactions
contemplated by the Merger Agreement and the Plan of Merger,
including the Merger.
At the EGM a quorum was present and approximately 80% of the
Company's outstanding shares were voted in favor of the proposal to
authorize and approve the Merger Agreement, and all transactions
contemplated by the Merger Agreement and Plan of Merger, including
the Merger.
The parties currently expect to complete the Merger as soon as
practicable, subject to the satisfaction or waiver of the
conditions set forth in the Merger Agreement. Upon completion of
the Merger, the Company will become and continue its operation as a
privately held company, and its ordinary shares will no longer be
listed on the NASDAQ Capital Market.
About China Customer Relations Centers, Inc.
The Company is a leading e-commerce and financial services
business process outsourcing 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 from its call
centers located in Liaoning
Province, Shandong
Province, Jiangsu Province,
Guangdong Province, Yunnan Province, Hubei Province, Jiangxi Province, Hebei Province, Anhui Province, Sichuan Province, Heilongjiang Province, the Xinjiang Uygur
Autonomous Region, the Guangxi Zhuang Autonomous Region,
Chongqing City, Shanghai City, and Beijing City. More information about the
Company can be found at: www.ccrc.com.
Safe Harbor Statement
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. 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; 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, all
amendments thereto 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 more information, please contact:
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1-718-213-7386
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SOURCE China Customer Relations Centers, Inc.