Huaxi Group Joined the iMeigu's Buying Consortium for DANG

iMeigu Capital Management Ltd | April 07, 2016

Huaxi Group Joined the iMeigu's Buying Consortium for DANG
iMeigu Capital Management Ltd. ("iMeigu") , Jiangsu Huaxi Group Co., Ltd ("Huaxi Group"), announce that have formed a consortium ("Consortium") for the preliminary non-binding proposal ("Proposal") , which iMeigu has submitted on March 9, to acquire all of the outstanding Class A common shares ("Class A Shares"), Class B common Shares ("Class B Shares", together with Class A Shares, the "Shares") and American depositary shares ("ADSs",each representing five Class A Share) of E-Commerce China Dangdang Inc (NYSE: DANG, the"Company") in an all-cash transaction for US$8.8 per ADS or US$1.76 per Share.

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