BEIJING, Nov. 3, 2021 /PRNewswire/ -- Weibo Corporation
(the "Weibo" or "Company") (Nasdaq: WB), China's leading social media platform, today
published a notice to announce that it will hold an annual general
meeting (the "AGM") of shareholders (the "Notice of
AGM") at 7/F, No.8 Sina Plaza,
Courtyard 10, the West, XiBeiWang E.R. HaiDian District,
Beijing on Wednesday, December 1, 2021 at 2:00 p.m. (Beijing time) (or soon after the Class B
Meeting and the Class A Meeting, both of which are defined below),
for the purposes of considering and, if thought fit, passing the
Proposed Resolutions set forth in the Notice of AGM. The Notice of
AGM and proxy card for the AGM are available on the Company's
website at ir.weibo.com. The board of directors of Weibo fully
supports the proposed resolutions listed in the Notice of AGM and
recommends that shareholders and holders of ADSs vote in favor of
the resolutions set out in the Notice of AGM.
The Company will hold a class meeting of the holders of the
Class B ordinary shares with a par value of US$0.00025 each (the "Class B Meeting")
and a class meeting of the holders of Class A ordinary shares with
a par value of US$0.00025 each (the
"Class A Meeting") convened on the same date and at the same
place as the AGM, for the purposes of considering and, if thought
fit, passing the class-based resolution set forth respectively in
the notice of each of the Class B Meeting and the Class A Meeting.
The notice and proxy card for each of the Class B Meeting and the
Class A Meeting are available on the Company's website at
ir.weibo.com.
Holders of record of ordinary shares of the Company at the close
of business on November 3, 2021
(New York time) are entitled to
notice of, to attend and vote at, the AGM or any adjournment or
postponement thereof, and, as applicable, the Class B Meeting or
the Class A Meeting. Holders of the Company's American depositary
shares ("ADSs") as of the close of business on November 3, 2021 (New
York time) who wish to exercise their voting rights for the
underlying Class A ordinary shares must act through the depositary
of the Company's ADS program, JPMORGAN CHASE BANK, N.A.
Weibo has filed its annual report on Form 20-F, including its
audited financial statements, for the fiscal year ended
December 31, 2020, with the U.S.
Securities and Exchange Commission. Weibo's Form 20-F can be
accessed on the Company's website at ir.weibo.com, as well as
on the SEC's website at http://www.sec.gov.
About Weibo
Weibo is a leading social media for people to create, share and
discover content online. Weibo combines the means of public
self-expression in real time with a powerful platform for social
interaction, content aggregation and content distribution. Any user
can create and post a feed and attach multi-media and long-form
content. User relationships on Weibo may be asymmetric; any user
can follow any other user and add comments to a feed while
reposting. This simple, asymmetric and distributed nature of Weibo
allows an original feed to become a live viral conversation
stream.
Weibo enables its advertising and marketing customers to promote
their brands, products and services to users. Weibo offers a wide
range of advertising and marketing solutions to companies of all
sizes. The Company generates a substantial majority of its revenues
from the sale of advertising and marketing services, including the
sale of social display advertisement and promoted marketing
offerings. Designed with a "mobile first" philosophy, Weibo
displays content in a simple information feed format and offers
native advertisement that conform to the information feed on our
platform. To support the mobile format, we have developed and
continuously refining our social interest graph recommendation
engine, which enables our customers to perform people marketing and
target audiences based on user demographics, social relationships,
interests and behaviors, to achieve greater relevance, engagement
and marketing effectiveness.
Safe Harbor Statement
This press release contains forward-looking statements that
relate to, among other things, Weibo's expected financial
performance and strategic and operational plans (as described,
without limitation, in the "Business Outlook" section and in
quotations from management in this press release. Weibo may also
make forward-looking statements in the Company's periodic reports
to the U.S. Securities and Exchange Commission ("SEC"), 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, Weibo's limited operating history
in certain new businesses; failure to grow active user base and the
level of user engagement; the uncertain regulatory landscape in
China; fluctuations in the
Company's quarterly operating results; the Company's reliance on
advertising and marketing sales for a majority of its revenues;
failure to successfully develop, introduce, drive adoption of or
monetize new features and products; failure to compete effectively
for advertising and marketing spending; failure to successfully
integrate acquired businesses; risks associated with the Company's
investments, including equity pick-up and impairment; failure to
compete successfully against new entrants and established industry
competitors; changes in the macro-economic environment, including
the depreciation of the Renminbi; and adverse changes in economic
and political policies of the PRC government and its impact on the
Chinese economy. Further information regarding these and other
risks is included in Weibo's annual report on Form 20-Fs and other
filings with the SEC. All information provided in this press
release is current as of the date hereof, and Weibo assumes no
obligation to update such information, except as required under
applicable law.
Contact:
Investor Relations
Weibo Corporation
Tel: +86 10 5898-3336
Email: ir@staff.weibo.com
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SOURCE Weibo Corporation