Chong Bo International formally signed a privatisation agreement of 1.46 dollars per share

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Beijing time December 10 Evening News, Chong Bo International (Nasdaq:tbow) announced today, with the Chuang Bo merger group (Trunkbow merger, hereinafter referred to as "parent company") and Chong Bo International merger subsidiary (Trunkbow Analysys Merger Sub, hereinafter referred to as "merged subsidiary" to sign the Merger Agreement and Plan (hereinafter referred to as "Merger Agreement").

One of the parent company by the founder of the International Board of Directors Hou Wanchun and CEO Li Qiang Full Holdings, and the merger of subsidiaries for the parent company's wholly owned subsidiary.

Under the merger agreement, the parent company will purchase the venture Bo International at a price of USD 1.46 per share, which is 24.8% higher than the closing close of November 1, 2012 (the last trading day before the first announcement of the privatisation offer). A premium of 48.6% per cent for the weighted average of 30 trading days as at November 1, 2012.

The Merger agreement also stipulates that the merged subsidiaries will be merged into Chuang Bo International and become a wholly owned subsidiary of the parent company. At present, the international Board of Bloggers has approved the merger agreement and recommended that shareholders vote to support the agreement,

Chong Bo International Last November announced that the company's board of directors received Hou Wanchun and Li Qiang's non-binding privatisation offer, will be at a price of 1.46 U.S. dollars per share of the bid is not part of the offer party's venture international shares.