BEIJING, July 18, 2012 /PRNewswire-Asia/ -- Youku Inc.
(NYSE: YOKU), China's leading
Internet television company ("Youku" or the "Company"), today
announced that it will hold its 2012 annual general meeting of
shareholders at Suite 3206, The Centrium, 60 Wyndham Street,
Central, Hong Kong on Monday, August 20, 2012, beginning at
10:00 am (Hong Kong time).
Only holders of Youku Class A shares and Youku Class B shares of
record on the close of business on August
13, 2012 (Hong Kong time)
(the "Youku share record date") or their proxy holders are entitled
to vote at the annual general meeting or any adjournment or
postponements thereof. Each Youku Class A shareholder has one vote
for each Youku Class A share and each Youku Class B shareholder has
three votes for each Youku Class B share held as of the close of
business on the Youku share record date. Holders of record of the
Company's American Depositary Shares ("ADSs") at the close of
business on July 20, 2012
(New York City time) who wish to
vote the Class A ordinary shares of the Company represented by the
ADSs must act through Citibank, N.A., the depositary of the
Company's ADS program.
Youku has filed a registration statement on Form F-4 (the "Form
F-4") with the Securities and Exchange Commission (the "SEC"),
which became effective at 4:30 p.m.,
July 17, 2012 (New York City Time).
The Form F-4 includes a joint proxy statement/prospectus and was
filed with the SEC in connection with the previously announced
merger agreement (the "Merger Agreement"), dated March 11, 2012, by and among the Company, Tudou
Holdings Limited ("Tudou") and Two Merger Sub Inc. ("Merger Sub")
and the merger contemplated thereunder (the "Merger").
Pursuant to the Merger Agreement and the plan of merger attached as
Annex A to the Merger Agreement, Tudou will merge with and into
Merger Sub, with Tudou continuing as the surviving entity and as a
wholly owned subsidiary of Youku and the combined entity will be
named "Youku Tudou Inc."
The notice of the annual general meeting included in the joint
proxy statement/prospectus sets forth the resolutions to be
submitted to shareholders of the Company for approval and other
relevant information regarding the annual general meeting, the
Merger and the Merger Agreement and how to vote ordinary shares or
direct Citibank, N.A. to vote the Class A ordinary shares
represented by the ADSs at the annual general meeting. The joint
proxy statement/prospectus will be made available on the Company's
Investor Relations website at http://ir.youku.com and on the SEC's
website at http://www.sec.gov. A physical copy of the joint proxy
statement/prospectus can be provided to shareholders of the Company
without charge upon written request to Youku Inc., 11/F, SinoSteel
Plaza, 8 Haidian Street, Beijing
100080, People's Republic of
China, or by contacting Ryan
Cheung, Corporate Finance Director, Youku Inc., by telephone
at (+86 10) 5885-1881 x6090, or email at ryan.cheung@youku.com.
INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN
THEIR ENTIRETY THE MATERIALS FILED WITH OR FURNISHED TO THE U.S.
SECURITIES AND EXCHANGE COMMISSION, AS THEY CONTAIN IMPORTANT
INFORMATION ABOUT THE COMPANY, THE MERGER AND RELATED
MATTERS.
This announcement is neither a solicitation of proxy, an offer
to purchase nor a solicitation of an offer to sell any securities
and it is not a substitute for any proxy statement or other filings
that have been or will be made with the SEC.
About Youku Inc.
Youku Inc. ("Youku") is China's
leading Internet television company. Youku's Internet television
platform enables users to search, view and share high-quality video
content quickly and easily across multiple devices. Youku, which
stands for "what's best and what's cool" in Chinese, is the most
recognized online video brand in China. Youku's American Depositary Shares,
each representing 18 of our Class A ordinary shares, are traded on
the New York Stock Exchange under the symbol "YOKU".
For more information, please contact:
Investor Relations:
Ryan Cheung
Corporate Finance Director
Youku Inc.
Tel: +86-10-5885-1881 x6090
Email: ryan.cheung@youku.com
SOURCE Youku Inc.