BEIJING, Dec. 1, 2021 /PRNewswire/ -- Weibo Corporation
("Weibo" or the "Company") (Nasdaq: WB), a leading social media in
China, today announced that the
following proposed resolutions submitted for shareholder approval
have been adopted at its 2021 annual general meeting of
shareholders, class meeting of holders of its Class A ordinary
shares with a par value of US$0.00025
each, and class meeting of holders of its Class B ordinary shares
with a par value of US$0.00025 each,
held today:
- as an ordinary resolution, THAT Ms. Hong Du shall be re-elected as a director of the
Company at this AGM and retain office until her retirement pursuant
to the Company's memorandum and articles of association;
- as an ordinary resolution, THAT Mr. Daniel Yong Zhang shall be re-elected as a
director of the Company at this AGM and retain office until his
retirement pursuant to the Company's memorandum and articles of
association;
- as an ordinary resolution, THAT Mr. Pehong Chen shall be
re-elected as a director of the Company at this AGM and retain
office until his retirement pursuant to the Company's memorandum
and articles of association;
- as a special resolution, THAT, the Chinese name "微博股份有限公司"
shall be adopted as the dual foreign name of the Company; and
- as a special resolution, THAT, the Company's Second Amended and
Restated Memorandum and Articles of Association be amended and
restated in its entirety by the deletion in its entirety and by the
substitution in its place of the Third Amended and Restated
Memorandum of Association and Articles of Association.
About Weibo
Weibo is a leading social media for people to create, discover
and distribute content. 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 its
platform. To support the mobile format, we have developed and
continuously refining its social interest graph recommendation
engine, which enables its 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.
Contact:
Investor Relations
Weibo Corporation
Phone: +86 10 5898-3336
Email: ir@staff.weibo.com
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SOURCE Weibo Corporation