Giant Investment Co., Ltd. will merge with Giant Merger Co., Ltd.

According to foreign media reports, Giant Networks Group Co., Ltd. announced on Monday that shareholders of the company voted in favor of and approved the previously announced privatization merger agreement at a special general meeting of shareholders held today.

The merger plan was proposed on March 17, 2014 and revised on May 12, 2014. Under the agreement, Giant Investment Limited (parent company) will be merged with Giant Merger Limited ("wholly-owned subsidiary"). Pursuant to the shareholders' general meeting agreement, the Consolidated Limited Subsidiaries will form a wholly-owned Consolidated Company with the Parent Company and will authorize and approve all transactions contemplated under the Consolidation Agreement. The price per share is 12 dollars, the total cash amount of purchase is 3 billion dollars.

Approximately 80% of Giant common stockholders voted in person or by proxy at the EGM. Approximately 99.6% of the common stock shareholders vote in favor of and authorize the privatization merger agreement and any and all transactions contemplated thereunder, including the merger itself.

The parties currently expect the merger to be completed in one month. Upon completion of the merger, the Giant will become a privately held company and its ADSs (representing one common share) will no longer be traded on the New York Stock Exchange. (Bing Han)