BEIJING, Nov. 3, 2017 /PRNewswire/ -- SINA Corporation
("SINA" or the "Company") (NASDAQ: SINA), a leading online media
company serving China and the
global Chinese communities, today announced that, based on a
preliminary vote count provided by its proxy solicitor following
the Company's 2017 Annual General Meeting of Shareholders (the
"Annual General Meeting") held earlier today, SINA shareholders
have voted to re-elect SINA director, Yichen Zhang. The two nominees proposed by SINA
shareholder Aristeia Capital, L.L.C. ("Aristeia"), Brett Krause and Thomas
Manning, were not elected to the Board.
Based on proxies submitted, the quorum at the Annual General
Meeting was approximately 72% of SINA's outstanding shares. The
estimated preliminary tabulation of the voting results for the
proposals presented indicates that more than 85% of votes cast were
in support of Mr. Zhang and more than 75% and 55% of votes cast
were against Messrs. Krause and Manning, respectively.
Charles Chao, Chairman of the
Board and Chief Executive Officer of SINA, stated:
"SINA's Board and management team
are grateful for shareholders' support, input and participation in
our 2017 Annual General Meeting. We are pleased that shareholders
recognize the transformative growth and the unique value of the
Company. We will continue engaging constructively with our
shareholders toward our common goal of long-term value
creation."
The 2017 Annual General Meeting results announced today are
considered preliminary until final results are tabulated and
certified by the independent Inspector of Elections. Final results
will be reported on a Form 6-K that will be filed with the U.S.
Securities and Exchange Commission, at which time they will become
available on http://corp.sina.com.cn/eng/AGM/ and www.sec.gov.
About SINA
We are an online media company serving China and the global Chinese communities. Our
digital media network of SINA.com (portal), SINA.cn (mobile
portal), SINA Mobile Apps and Weibo.com (social media) enable
Internet users to access professional media and user generated
content in multi-media formats from the web and mobile devices and
share their interests to friends and acquaintances.
SINA.com offers distinct and targeted professional content on
each of its region-specific websites and a full range of
complementary offerings. SINA.cn and SINA Mobile Apps provide news
information, professional and entertainment content from SINA.com
customized for mobile users in WAP (mobile browser) and mobile
application format. Weibo is a leading social media platform for
people to create, distribute and discover Chinese-language content.
Based on an open platform architecture, Weibo allows users to
create and post feeds and attach multi-media content, as well as
access a wide range of organically and third-party developed
applications, such as online games.
Through these properties and other product lines, we offer an
array of online media and social media services to our users to
create a rich canvas for businesses and advertisers to effectively
connect and engage with their targeted audiences.
Safe Harbor Statement
This communication contains forward-looking statements that
relate to, among other things, SINA's expected performance and
SINA's strategic and operational plans. SINA may also make
forward-looking statements in the Company's periodic reports to the
U.S. Securities and Exchange Commission (the "SEC"), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about the Company's beliefs and
expectations, are forward-looking statements. These forward-looking
statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"confidence," "estimates" and similar statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ materially
from those contained in any forward-looking statement. Potential
risks and uncertainties include, but are not limited to, failure to
meet internal or external expectations of future performance given
the rapidly evolving markets; condition of the global financial and
credit market; the uncertain regulatory landscape in China; fluctuations in the Company's quarterly
operating results; the Company's reliance on online advertising
sales and value-added services for a majority of its revenues;
failure to successfully develop, introduce, drive adoption of or
monetize new features and products; failure to enter and develop
the small and medium enterprise market by the Company or through
cooperation with other parties; failure to successfully integrate
acquired businesses; risks associated with the Company's
investments, including equity pick-up and impairment; and failure
to compete successfully against new entrants and established
industry competitors. Further information regarding these and other
risks is included in SINA's annual report on Form 20-F for the year
ended December 31, 2016 and its other
filings with the SEC. Past performance is not necessarily
indicative of future results. Given these uncertainties, you should
not place undue reliance on these forward-looking statements. The
information in this communication is provided only as of the date
hereof, and SINA assumes no obligation to update its
forward-looking statements in this communication or elsewhere,
except as required by law.
Contacts
Investor Relations
SINA Corporation
Phone: 8610-5898 3336
Email: ir@staff.SINA.com.cn
Larry Miller / Scott Winter
Innisfree M&A Incorporated
Phone: 212-750-5833
Media
Ed Trissel / Nick Lamplough
Joele Frank, Wilkinson Brimmer
Katcher
Phone: 212-355-4449
View original
content:http://www.prnewswire.com/news-releases/sina-corporation-shareholders-re-elect-sina-director-yichen-zhang-at-2017-annual-general-meeting-300549160.html
SOURCE SINA Corporation