ELong Shareholders Approve Going Private Transaction - Quick Facts

(RTTNews) - eLong, Inc. (LONG), a mobile and online travel service provider in China, announced Monday that its shareholders voted in favor of the proposal to authorize and approve its previously announced merger at today's extraordinary general meeting.

It was on February 4 that eLong said it has entered into a definitive agreement and plan of merger with China E-dragon Holdings Limited and China E-dragon Mergersub Limited, a unit of China E-dragon, pursuant to which China E-dragon Holdings will acquire eLong.

Immediately after the completion of the merger, Parent will be beneficially owned by TCH Sapphire Limited, an affiliate of Tencent Holdings Limited, C-Travel International Limited, an affiliate of Ctrip.com International, Ltd., Ocean Imagination L.P., Luxuriant Holdings Limited, Seagull Limited, Oasis Limited, an entity controlled by Hao Jiang, the Chief Executive Officer of the Company, and Rong Zhou, the Chief Operating Officer of the Company.

The company noted that approximately 76.215% of its total outstanding voting ordinary shares, and all of the outstanding high-vote ordinary shares, representing approximately 98.183% of the total voting power of the Company, voted at the extraordinary general meeting.

Of the voting power represented by these ordinary shares and high-vote ordinary shares voted in the meeting, approximately 99.998% were voted in favor of the proposal.

Upon completion of the merger, the company will become a privately held company and its American depositary shares, each representing two ordinary shares designated as "ordinary shares" of the Company, par value $0.01 per share, will no longer be listed on any stock exchange.