Jumei Announces Receipt of Withdrawal of Buyer Group's Going Private Proposal
November 27 2017 - 9:20AM
Jumei International Holding Limited (NYSE:JMEI) ("Jumei" or the
"Company"), China's leading online retailer of beauty products,
today announced that the special committee of the Company's board
of directors (the "Board") received a letter dated November 27,
2017 from Mr. Leo Ou Chen, Founder, Chairman of the Board of
Directors and CEO of the Company, Mr. Yusen Dai, Sequoia Capital
China II L.P., Sequoia Capital China Partners Fund II, L.P. and
Sequoia Capital China Principals Fund II, L.P. (together, the
"Buyer Group"), stating that the Buyer Group would withdraw its
prior non-binding going private proposal dated February 17, 2016,
with immediate effect.
About Jumei International Holding
Limited
Jumei (NYSE:JMEI) is China’s leading online retailer of
beauty products. Jumei’s internet platform is a trusted destination
for consumers to discover and purchase branded beauty products,
baby, children and maternity products, light luxury products,
health supplements and other products through the Company’s
jumei.com and jumeiglobal.com websites and mobile application.
Leveraging its deep understanding of customer needs and
preferences, as well as its strong merchandizing
capabilities, Jumei has adopted multiple effective sales
formats to encourage product purchases on its platform, including
curated sales, online shopping mall and flash sales. More
information about Jumei can be found
at http://ir.jumei.com.
For investor and media inquiries, please
contact:
Jumei International Holding Limited
Ms. Cindy Cao Senior Reporting Manager Phone: +86-10-5676-6824
Email: chunyanc@jumei.com
Christensen In China Mr. Christian
Arnell Phone: +86-10-5900-1548
Email: carnell@christensenir.com
In US Ms. Linda Bergkamp Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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