Sina Announces Shareholders` Approval of Merger Agreement

View Original Content: www.prnewswire.com/news-releases/sina-to-hold-extraordinary-general-meeting-of-shareholders-301177983.html This announcement is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell securities or a solicitation of a proxy, vote or approval with respect to the proposed transaction or otherwise, nor does it replace a proxy circular. or other documents submitted to or to the SEC. Additional information about these and other risks, uncertainties or factors is contained in the Company`s filings with the SEC. These forward-looking statements reflect the Company`s expectations as of the date of this press release. You should not rely on these forward-looking statements as predictions of future events. The Company assumes no obligation to update any forward-looking statements except as required by applicable law. Pursuant to the Merger Agreement and the Merger Plan, Merger Sub will merge with and into the Company on the effective date of the Merger, with the Company continuing to be a surviving corporation and becoming a wholly-owned subsidiary of Parent. Upon completion of the merger, the Company will become a private corporation and its common shares (“Common Shares”) will no longer be listed on NASDAQ Stock Market LLC. In addition, the common shares will no longer be registered under Section 12 of the Securities Exchange Act of 1934. The Board of Directors of the Company, acting unanimously on the recommendation of the Special Committee of the Board of Directors of the Company, composed exclusively of independent directors not affiliated with the acquiring parties, approved the Merger Agreement, the Plan of Merger and the completion of the proposed transactions with it, including the Merger, and decided to recommend to the Shareholders of the Company: TO VOTE IN FAVOUR OF IT. including the proposal for approval and approval of the merger agreement, the merger plan and the completion of the proposed transactions, including the merger. BEIJING, Nov. 20, 2020 /PRNewswire/ — SINA Corporation (the “Company” or “SINA”) (Nasdaq: SINA), a leading online media company for China and China`s global communities, today announced the convening of an Extraordinary General Meeting of Shareholders (the “Extraordinary General Meeting”), to be held on September 23, .m.

December 2020 at 10:00 am.m Beijing Time in the Beijing Area, 1/F SINA Plaza No. 8 Courtyard 10 West, Xibeiwang East Road, Haidian District, Beijing 100193, People`s Republic of China, to, among other things, propose the approval, approval and approval of the previously announced agreement and merger plan (the “Merger Agreement”) dated September 28, 2020 by and between New Wave Holdings Limited (“Parent Company”), New Wave Mergersub Limited, a wholly-owned subsidiary of Parent (“Merger Sub”) and the Company, was required to submit the plan of merger in connection with the merger and the proposed transactions with parent, including the merger, to the Registrar of Companies of the Cayman Islands (the “Merger Plan”). The Company and certain of its directors and officers may be considered “participants” in obtaining shareholder proxies with respect to the proposed merger under the SEC rules. Information regarding persons who may be considered “participants” in the acquisition of proxies is contained in Annex 13E-3 of the proposed merger transaction statement and the related final proxy circular. More information about who may be considered participants, including any direct or indirect interest they may have, is also included in the final statement of power of attorney. For more information regarding the Special General Meeting and the Merger Agreement, please refer to the Transaction Statement in Note 13E-3 and the Proxy Circular, as amended, appended (a) to (1), as filed with the U.S. Securities and Exchange Commission (“SEC”), which is available along with other documents containing information about the Company, the proposed merger and related matters. free of charge on the SEC website (www.sec.gov). In addition, the Company`s proxy documents (including the final proxy circular) will be sent to the Company`s shareholders. . Through these and other product lines, SINA offers its users a range of online media and social media services to create a rich canvas for businesses and advertisers to connect and interact effectively with their target audiences.

For more information, see the SEC`s Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission. This press release contains statements that express the Company`s current opinions, expectations, beliefs, plans, objectives, assumptions or projections with respect to future events or results and are therefore “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). These forward-looking statements can be identified by words such as “anticipate”, “expect”, “intend”, “plan”, “predict”, “believe”, “seek”, “estimate”, “may”, “will”, “should”, “would”, “could”, “potential”, “continue”, “ongoing” and similar statements. Forward-looking statements involve inherent risks, uncertainties and assumptions. . This press release contains statements that express the Company`s current opinions, expectations, beliefs, plans, objectives, assumptions or projections with respect to future events or results and are therefore “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). These forward-looking statements can be identified by words such as “if”, “will”, “expects” and similar statements. Forward-looking statements involve inherent risks, uncertainties and assumptions. Risks, uncertainties and assumptions include: uncertainties as to how the Company`s shareholders will vote at the meeting of shareholders; the possibility of making competing offers; the possibility that no funding will be available; the possibility that various closing conditions of the transaction may not be met or cancelled; and other risks and uncertainties discussed in the Company`s filings with the SEC, as well as in the Transaction Statement in Annex 13E-3 and the Company`s Proxy Circular.

Additional information about these and other risks, uncertainties or factors is contained in the Company`s filings with the SEC. These forward-looking statements reflect the Company`s expectations as of the date of this press release. You should not rely on these forward-looking statements as predictions of future events. The Company assumes no obligation to update any forward-looking statements except as required by applicable law. . Approximately 62.0% of the Company`s total outstanding shares (including Common Shares and Class A Preferred Shares) as of 5.m p.m. Cayman Islands on the date of registration of the shares, November 20, 2020, were present and voted in person or by proxy at the Meeting. Each shareholder has one vote for each common share or 10,000 votes for each Class A preferred share (together with the common shares, the “Shares”). .