SHENZHEN, China, March 19, 2021 /PRNewswire/ -- 500.com Limited
(NYSE: WBAI) ("500.com" or the "Company"), a cryptocurrency mining
enterprise in China, today
announced that it will hold an extraordinary general meeting of
shareholders at 14F, West Side, Block B, Building No. 7, Shenzhen
Bay Eco-Technology Park, Nanshan District, Shenzhen, The People's Republic of China on
April 8, 2021 at 10:00 a.m., local time.
The Company also announced its decision to relocate its
headquarters from Shenzhen to
Singapore.
Holders of record of the Company's ordinary shares at the close
of business on March 18, 2021,
New York time (the "Record
Date") are entitled to notice of, and to attend and vote at the
extraordinary general meeting or any adjournment thereof. Holders
of the Company's American Depositary Shares ("ADSs") who wish to
exercise their voting rights for the underlying ordinary shares
must act through Deutsche Bank Trust Company Americas, the
depositary of the Company's ADS program.
Notice of the extraordinary general meeting, which sets forth
the resolutions to be submitted for shareholder approval at the
extraordinary general meeting is available on the Investor
Relations section of the Company's website at
http://ir.500.com.
About 500.com Limited
500.com Limited (NYSE: WBAI) is committed to becoming a leading
cryptocurrency mining enterprise. Since announcing its entry into
the cryptocurrency industry in December 2020, the Company has
entered into definitive agreements to (i) purchase cryptocurrency
mining machines, (ii) acquire a controlling stake in Loto
Interactive Limited (HKEX: 08198), and (iii) acquire the entire
mining pool business of Bitdeer Technologies Holding Company
("BitDeer") operated under BTC.com, including the domain name
BTC.com and the cryptocurrency wallet of BTC.com (collectively, the
"BTC.com Pool Businesses"), to unfurl a comprehensive approach to
cryptocurrency mining. 500.com Limited also was the first company
in China to provide online lottery sales agent services,
and was one of two enterprises approved
by China's Ministry of Finance to engage in the online
sports lottery sales agent business on a trial basis.
Safe Harbor Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in 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," "target,"
"going forward," "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company 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 law.
For more information:
500.com Limited
ir@500wan.com
Ms. Danni Zheng
Phone: +86 755 8633 8005
The Piacente Group, Inc.
Helen Wu
Tel: +86 (10) 6508-0677
Email: 500@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: 500@tpg-ir.com
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SOURCE 500.com Limited