Qunar Announces Results of Annual General Meeting
February 12 2015 - 7:00AM
Qunar Cayman Islands Limited (Nasdaq:QUNR) ("Qunar" or the
"Company"), China's leading search-based travel commerce platform,
today announced the results of its annual general meeting of
shareholders, held in Beijing today.
At the meeting, Qunar's shareholders approved the following
amendment of Section 4(a) of the Company's Amended and Restated
2007 Share Plan, which was last amended on September 24, 2013:
(a) Basic Limitation. Subject to Subsection (b)
below and Section 8, the maximum number of Shares that may be
issued under the Plan is 36,352,134 as of September 24, 2013, and
shall increase (i) on January 1, 2014 by 1.5% of the Company's then
total outstanding Shares, (ii) on January 1 of each of 2015, 2016
and 2017 by 2.65% of the then outstanding Shares, and (iii) on
January 1 of each year starting 2018 for the remainder of the term
of the Plan by 1.5% of the then outstanding Shares. All of these
Shares may be issued upon the exercise of ISOs. The number of
Shares that are subject to Options or other rights outstanding at
any time under the Plan shall not exceed the number of Shares that
then remain available for issuance under the Plan. The Company,
during the term of the Plan, shall at all times reserve and keep
available sufficient authorized but unissued Shares to satisfy the
requirements of the Plan."
"We appreciate shareholders' support," said Chenchao (CC)
Zhuang, chief executive officer and co-founder of Qunar. "The
amendment expands the pool for Qunar's employee stock ownership
plan to a similar size as our peers, and will help us attract and
retain employees in China's highly competitive market for Internet
talent. With a focused and committed team, we believe Qunar will
deliver much greater shareholder value in the long run."
About Qunar
Qunar Cayman Islands Limited is a leading Internet and mobile
travel platform in China. Powered by its proprietary technology and
having a user base of hundreds of millions, it enables travelers to
find and transact diverse deals in flight, hotel and vacation
packages by processing highly fragmented travel product information
from tens of thousands of travel service providers in China and
globally. According to research firm iResearch, Qunar has ranked
No. 1 among all non-state-owned online travel companies in China in
terms of monthly unique visitors since November 2010. Qunar's
mobile application "Qunar Travel" was ranked the most frequently
used mobile travel application in China by China Internet Network
Information Center in September 2012.
Leveraging its large user base and advanced technologies, the
Company provides an attractive value proposition to its customers,
which include travel service providers and display advertisers.
Qunar means "where to go" in Mandarin Chinese.
CONTACT: For more information, please contact:
Xiaolu Zhu / Jenna Qian
Investor Relations
Qunar
Tel: 8610 5760 3609
ir@qunar.com / press@qunar.com
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