Sungy Mobile Announces the Formation of a "Special Committee"
2015年4月16日 - 9:00PM
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 in response to the preliminary
non-binding proposal dated April 13, 2015 (the "Proposal") that the
Company's board of directors (the "Board") received, the Board has
formed a special committee of independent directors (the "Special
Committee") to review and evaluate the Proposal.
The Proposal from Mr. Yuqiang Deng, chairman and chief executive
officer of Sungy Mobile, and Mr. Zhi Zhu, co-chief operating
officer of the Company, outlines their interest in acquiring all of
the Company's outstanding ordinary shares that are not currently
beneficially owned by them, including ordinary shares represented
by the Company's American depositary shares or "ADSs" (each
representing six Class A ordinary shares of the Company), at a
price of $4.90 in cash per ADS, or approximately $0.82 in cash per
ordinary share.
The Special Committee is composed of Mr. Yong Chen, Dr. Feng Li
and Ms. Xiangguang Zou, who are independent directors of the
Company and are unaffiliated with the Proposal. Mr. Yong Chen will
be the chairman of the Special Committee. The Board also expects
that the Special Committee will retain independent advisors,
including independent financial and legal advisors, to assist it in
this process.
The Company cautions its shareholders and others considering
trading its securities that neither the Board nor the Special
Committee has made any decision with respect to the Company's
response to the Proposal. There can be no assurance that any
definitive offer will be made by Mr. Yuqiang Deng, Mr. Zhi Zhu or
any other person, that any definitive agreement will be executed
relating to the proposed transaction, or that the proposed
transaction or any other transaction will be approved or
consummated.
About Sungy Mobile Limited
Sungy Mobile Limited 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 Statements
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: Investor Relations Contact
ICR, Inc.
Chenjiazi Zhong
Tel: +1-646-417-5388
Email: IR@gomo.com
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