Home Car Services EHi Car Services Announces Extraordinary General Meeting of Shareholders

EHi Car Services Announces Extraordinary General Meeting of Shareholders


SHANGHAI, March eleven, 2019 /PRNewswire/ — eHi Car Services Limited (“eHi” or the “Company”) (NYSE: EHIC), a leading car rental and car offerings agency in China, nowadays announced that it has known as a first-rate widespread meeting of shareholders (the “EGM”) to be hung on April 8, 2019, at 10:00 a.M. (Shanghai time), at Unit 12/F, Building No. Five, Guosheng Center, 388 Daduhe Road, Shanghai, 200062, the People’s Republic of China.

The meeting will be held to consider and vote on, amongst different subjects: the thought to authorize and approve the previously announced amended and restated settlement and plan of Merger (the “Merger Agreement”) dated February 18, 2019, many of the Company, Teamsport Parent Limited (“Parent”), and Teamsport Bidco Limited (“Merger Sub”), an entirely owned subsidiary of Parent; the plan of Merger required to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”); and the transactions contemplated thereby, along with the Merger (as described underneath). Under the Merger Agreement and the Plan of Merger, on the Merger’s effective time, Merger Sub will merge with and into the Company, with the Company surviving the Merger because of the surviving organization underneath Cayman Islands regulation (the “Merger”).

Car ServicesIf completed, the proposed Merger would bring about the Company turning into a privately held organization this is fully owned through affiliates of Mr. Ray Ruiping Zhang, the chairman and leader government officer of the Company, MBK Partners Fund IV, L.P., The Crawford Group, Inc., Ctrip Investment Holding Ltd., Ocean General Partners Limited and Dongfeng Asset Management Co., Ltd. (collectively, the “Buyer Group”). Following the consummation of the Merger, the American depositary stocks of the Company (each representing Class A, not outstanding shares, par cost US$zero.001 in step with percentage) (“ADSs”) will no longer be indexed at the New York Stock Exchange.

The ADSs and the Company’s Class A common stocks represented through the ADSs will quit being registered underneath Section 12 of the Securities Exchange Act of 1934. The Company’s board of administrators, performing upon the unanimous advice of a unique committee of the Company’s board of administrators composed totally of impartial administrators unaffiliated with the Buyer Group or any member of the control of the Company, legal and authorized the Merger Agreement, the Plan of Merger and the transactions pondered thereby (consisting of the Merger) and resolved to suggest that the Company’s shareholders vote FOR, amongst different things, the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby (including the Merger).

Shareholders of the file at the close of business in the Cayman Islands on March 22, 2019, will be entitled to wait and vote on the EGM. ADS holders, as of the near of business in New York City on March 11, 2019, could be entitled to coach JPMorgan Chase Bank, N.A., in its ability because the ADS depositary, to vote the Class A common stocks represented with the aid of their ADSs on the EGM. Additional facts concerning the EGM and the Merger Agreement may be observed inside the transaction declaration on Schedule 13E-3. The definitive proxy statement attached as Exhibit (a)-(1) to it, as amended, filed with the U.S. Securities and Exchange Commission (the “SEC”), which can be obtained alongside other filings containing.

SHAREHOLDERS AND ADS HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER, AND RELATED MATTERS. The Company and positive of its directors, government officers, and other participants of management and employees might also, underneath SEC policies, be deemed to be “individuals” within the solicitation of proxies from the Company’s shareholders with admiration to the proposed Merger. Further facts concerning individuals who may be deemed individuals, which include any direct or oblique interests they will have, are set forth inside the definitive proxy declaration relating to the Merger.

This statement is neither a solicitation of proxy, an offer to buy, nor a solicitation of a suggestion to promote any securities. It is not a choice to any proxy statement or other filings that may be made with the SEC to recognize the proposed Merger. About eHi Car Services Limited eHi Car Services Limited (NYSE: EHIC) is China’s leading vehicle apartment and car offerings company. The Company’s mission is to provide complete mobility solutions as an opportunity for vehicle possession by using existing resources and sharing economy to create a superior price.

EHR distinguishes itself in China’s fast-developing car condominium and automobile offerings through its complementary commercial enterprise model, consumer-centric company tradition, full geographic insurance, green fleet control, leading brand name, and dedication to technological innovation. Eli is the exceptional strategic partner in China to the manufacturer’s Enterprise Rent-A-Car, National Car Rental, and Alamo Rent-A-Car, owned through Enterprise Holdings, Inc., the largest automobile rental provider globally. Enterprise Holdings, Inc.

It is owned via The Crawford Group, Inc. For greater statistics concerning eHi, please go to http://en.1hai.Cn. Safe Harbor This news release may also include certain statements that don’t describe historical records but are forward-looking. These forward-searching statements can be recognized with the aid of terminology which provides for “if,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and comparable statements. Forward-looking statements involve risks, uncertainties, and other factors that might reason real effects to differ materially from those in this statement.

Potential dangers and uncertainties encompass, however, aren’t restrained to uncertainties as to the anticipated benefits and costs of the proposed Merger; the expected timing of the completion of the Merger; the parties’ ability to complete the Merger thinking about the various final situations; the opportunity that diverse closing situations to the Merger won’t be happy or waived; how the Company’s shareholders will vote at the assembly of shareholders; the possibility that competing offers may be made and other dangers and uncertainties mentioned inside the Company’s filings with the SEC, such as the Schedule 13E-3 transaction assertion and the proxy announcement filed by using the Company about the Merger. The Company does not adopt any duty to update any ahead-looking information except as required beneath applicable law.