Giants network hires Morgan Stanley Asia and Tao Heng as financial advisor

The Special Committee of the Giant Network Board is composed of three independent directors, namely Pitt Andrew Scorros (Peter Andrew Schloss), Yan and Jiangnan Spring, the purpose of which is to consider the board of Directors on November 25, 2013 from the Chairman Shi Yuzhu, A non-binding privatisation offer from a specific subsidiary entity and a subsidiary of the Baring Private Equity Asia Company.

As previously announced, the privatisation offer comes from a consortium of buyers comprising Shi Yuzhu, baring and other potential entities (if any). The buyer consortium plans to purchase all common shares of the company, including the common stock represented by the company depository Unit, at a price of USD 11.75 for each common stock or per share of the United States Depository Unit (the company each depository unit represents a common stock).

The Special Committee has no precise timetable for the assessment of the completion of the transaction or other transaction proposals, if any, unless an agreement is reached that does not plan to announce the relevant progress. There is no guarantee that any final offer will be formed or any final agreement to be signed on the transaction, or that the transaction or any other transaction will be approved.