CuriosityStream Deploys Infortrend Storage to Satisfy Its High Speed SVOD Platform Requirements

SUNNYVALE, Calif., April 8, 2015 /PRNewswire/ — CuriosityStream, a subscription video on demand (SVOD) platform that provides ad-free, factual television content on demand via apps and streaming devices, has been experiencing rapid data growth and has therefore chosen Infortrend’s EonStor DS 3060 RAID solutions as the best way to enhance its high speed, scalability, smart space utilization and easy deployment.

Being an SVOD business, CuriosityStream required high read-write speeds and huge capacity to support multiple editors who work simultaneously on multiple video streams. Apart from requiring ample storage, saving the footprint of the physical space was also a major concern. After reviewing almost all video storage players and considering the abovementioned factors, the strong performance (1.3M IOPS), ample storage and high density (60 drives in a 4U chassis) of the EonStor DS 3060 were the best solution for CuriosityStream’s needs.

Another benefit CuriosityStream found with the EonStor DS 3060 was easy integration and deployment. CuriosityStream Server Manager Ray German said: “Since we were able to integrate the solution ourselves with the Apple Xsan system, I can conservatively say we easily saved $50,000 to $100,000 dollars.”

German adds: “I am extremely happy with Infortrend’s EonStor DS 3060 and the support the Infortrend team provided during its implementation. With one device, we were able to quadruple our storage and performance. All I can say is ‘Thank you Infortrend, great product!'”

“With Infortrend’s EonStor DS and ATTO’s Thunderbolt™ Desklink Devices, together we provide an ideal solution for this editing environment. I trust that more and more M&E customers will benefit from this solution,” said Wayne Arvidson, VP of Sales & Marketing at ATTO Technology.

“Infortrend offers a rock solid solution for customers who need large capacity on a tight budget. Their fully redundant architecture, flexible connectivity, scalability and simplistic licensing and support help customers solve problems where other solutions simply can’t compete. This was the case for CuriosityStream’s Ray German. He was faced with the challenge of finding a cost effective solution to support editing multiple 4K video streams. Infortrend came to the rescue. The solution met his budgetary requirements while exceeding performance expectations and he couldn’t be happier,” said Michael Ellison, Vice President of Sales at Virtual Graffiti, an authorized reseller partner of Infotrend.

For more information about EonStor DS 3060, please click here. For the full story about the CuriosityStream case, please click here.

About CuriosityStream

CuriosityStream is the world’s first ad-free, on-demand streaming service for factual videos that inform, educate and entertain. Viewers watch choice documentary programming from around the world starting at $2.99 a month anytime, anywhere across multiple devices. CuriosityStream brings together leading-edge technology and premium content that allows viewers to take virtual journeys through science, technology, civilization and the human spirit. Learn more at and follow us on Twitter @Curiosity_Strm.

About Infortrend

Founded in 1993, Infortrend (TWSE: 2495) is a leading provider of high performance storage solutions focusing on quality, reliability, choice, and value. Fueled by technological expertise, Infortrend storage has been deployed in demanding applications by users across commercial and industrial markets. Core brands include ESVA, EonStor DS, EonStor, and EonNAS. Please visit

About ATTO Technology, Inc.

ATTO Technology, Inc. is a global leader of storage connectivity and infrastructure solutions for data-intensive computing environments. ATTO provides a wide range of solutions to help customers store, manage and deliver their data more efficiently. With a focus toward markets that require higher performance, ATTO manufactures host and RAID adapters, converged network adapters, bridges, switches, RAID storage controllers, and management software. ATTO solutions provide connectivity to all storage interfaces including Fibre Channel, SAS, SATA, iSCSI, FCoE, 10GbE and Thunderbolt. ATTO distributes its products worldwide directly to Original Equipment Manufacturers (OEMs), systems integrators, VARs and authorized distributors. Contact ATTO Technology, Inc. world headquarters at: 155 CrossPoint Parkway, Amherst, New York 14068; Phone: +1 716 691 1999; Fax: +1 716 691 9353; Website:


Infortrend®, ESVA®, EonStor®, SANWatch®, and EonPath® are trademarks or registered trademarks of Infortrend Technology, Inc. Other trademarks are the property of their respective owners.

Infortrend Corporation
Hoa Truong
Tel: 408-419-2403

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Season 2 of Yamaha Motor’s Original Short Anime “Master of Torque” Released

IWATA, Japan, April 8, 2015 /PRNewswire/ — Yamaha Motor Co., Ltd. (Tokyo: 7272) has globally released the second season of “Master of Torque,” an original short anime series for entertainment purposes initially released online from the spring through the summer of 2014.

The Master of Torque anime is set in Tokyo in the near future and tells the fictional story of a group of young motorcycle riders. It is meant to help communicate the fun of motorcycles to younger people, primarily in their teens and twenties.

Taking place around globally recognized sources of modern Japanese culture that lie along Route 246 in Tokyo, like Aoyama, Omote-sando and Shibuya, the Master of Torque anime paints a vivid picture of the joys of motorcycles and the lifestyle they can bring by highlighting the unique characteristics of Yamaha’s MT Series of motorcycles, all within the context of a dramatic story depicting the conflicts and confrontations between the colorful cast of characters.

The anime’s production combines the storytelling and techniques of Japanese animation that are popular among young people around the world today and the talent of several accomplished anime voice actors. The result is a full-fledged piece of entertainment representing a uniquely Yamaha form of communication to young people around the world.

Special site (English):

Special site (Japanese):

Official YouTube Channel:

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The Economist Group Launches Its First Bilingual Chinese-English App The Economist Global Business Review

A new app that explores key global trends in business, finance and technology – always with a strong point of view

HONG KONG, April 8, 2015 /PRNewswire/ — The Economist Group today officially launched a new digital app The Economist Global Business Review, focused on delivering insightful analysis on global trends in business, finance and technology. As the first in a planned series of local-language offerings, the bilingual Chinese-English app allows The Economist Group to reach a new set of global business leaders in markets like mainland China, Hong Kong, Taiwan, Malaysia and Singapore. The Economist Global Business Review is the first bilingual product featuring Economist content to be offered in the 171-year history of the weekly publication.  Recognising that today’s most influential business leaders span the globe, The Economist Global Business Review removes barriers to bring its spirit of independent reporting and sharp perspective to a wider audience, initially in Chinese, and expanding to other languages in future.

The Economist Global Business Review

The Economist Global Business Review

Curated by the editors at The Economist Group, The Economist Global Business Review features a selection of the best business, finance and technology stories from the weekly newspaper, which have been translated to the highest degree to maintain the stylistic nuances of the original text. Ten (10) articles are published initially at the start of the month; thereafter, a daily article is published each weekday for a total of 30 articles each month.

The bilingual app works in either English-Simplified-Chinese or English-Traditional Chinese and is available for iOS and Android smartphones and tablets. “Chinese was a natural first language for us to choose when launching this new bilingual product, given the increasing global reach of China’s companies and its diaspora,” said Tom Standage, Deputy Editor of The Economist.  “For many years we wrote off the idea of foreign-language editions as too expensive and impractical. However, the rise of digital technology changes the game. We can now deliver content quickly and without the cost constraints of print publishing.”

Tim Pinnegar, Publisher and Managing Director of The Economist Group Asia-Pacific said:  “Offering our unique content in local language opens up an entirely new market to us that was not possible to tap into before.  Our growth strategy over the next five years is exactly focused on attracting new audiences and capitalising on innovations in product and service offerings.”

Keeping in line with the minimalistic design aesthetics of The Economist, the app’s simple and intuitive interface allows for easy toggling between languages.  The app also features a powerful cache (the articles can be archived for up to 12 months) to facilitate offline reading.

The Economist Global Business Review is made available for free in April and May, courtesy of launch sponsor Hyundai.  Wonhong Cho, CMO of Hyundai Motor Company says, “We are glad to sponsor the launch of this new bilingual app from The Economist Group, and hope the app inspires new thinking and new possibilities within the Chinese business communities worldwide.” 

During this time, readers can download the app and experience the simple interface and compelling content completely free of charge. The app is available on the Apple App Store, Google Play, and a number of independent Android stores worldwide.  For more information, visit our website

About The Economist Group

Headquartered in London, The Economist Group is the leading source of analysis on international business and world affairs.  Its publications and services include The Economist, the Economist Intelligence Unit (EIU), Intelligent Life and CQ Roll Call.  The Group delivers its information through a range of formats, from newspapers and magazines to conferences and electronic services.  Across all its products and services, the Group is known for its objectivity of opinion, originality of insight and rigorous analysis of key issues.

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At NAB 2015 Mobile Viewpoint Launches WebStreamur, a Global Marketplace for Live Mobile Journalism

ALKMAAR, the Netherlands, April 7, 2015 /PRNewswire/ — Mobile Viewpoint announces the launch of WebStreamur, a new platform which delivers high quality live video from any place to the web. WebStreamur utilizes the award winning bonding technology of Mobile Viewpoint to live stream from any location using bonded IP channels. During NAB 2015 WebStreamur will launch its own range of products including an App for MacBook, iPhone and Android and 3 dedicated appliances. WebStreamur utilizes YouTube to deliver live streams via WebStreamur channels on any device and create revenues based on sponsoring. WebStreamur utilizes Twitter for announcements and instant feedback. WebStreamer can be used for any event but will focus on the delivery of college sports content around the world. WebStreamur wireless bonded video transmitters and app’s will unleash the potential of unique sports events no matter where and when they take place.


Mobile Viewpoint CEO Michel Bais:  

“Since the beginning of Mobile Viewpoint we looked into the broadcast of smaller but attractive sport events on the Internet. The growing popularity of watching video online via streaming platforms like YouTube, LiveStream, Meerkat and Periscope opens a marketplace for the delivery of live sports and other events that do not have the reach to get on normal Broadcast Television. This makes it, in combination with our unique bonding technology, possible to deliver a high quality end-to-end solution and distinguishes WebStreamur from other #mojo products. WebStreamur gives the smaller content producers and sport teams easy access to a bigger audience and a global marketplace to monetize their content.”  

On Mobile Viewpoint 

Mobile Viewpoint is a global player, focusing on the development and implementation of solutions for both the broadcast and security industries. Based on their H.264 and H.265 codec implementations, combined with patented technology, allowing for HD video to be transmitted over bonded IP connections. Customers include major broadcasters, such as BBC, Al-Arabiya, Sky Sports News, NBC Sports.

Meet Mobile Viewpoint and Webstreamur at NAB 2015 Central Hall, stand 2807 /

Le Shi to Unveil Super Smartphone on April 14, Create the New “Ecological Age”

HONG KONG, April 7, 2015 /PRNewswire/ — One of the China’s most popular online video sites, Le Holdings (Beijing) Limited (Le Shi), has officially invited the press in early April to an announcement themed “From 1984 to 2015” at which the firm will unveil its Super Smartphone that will bring about unprecedented changes to user experience and the way the industry operates. The announcement will start at 14:00 on April 14 at the MasterCard Center in Beijing, China.

The theme “From 1984 to 2015” represents a new milestone in 2015. “While Apple’s announcement of its Macintosh computer in 1984 was seen as the beginning of a new age, Le Shi’s announcement of its Super Smartphone in 2015 will “overturn” Apple — the one who originally overturned — by bringing smartphones over to the new “Ecological Age,” remarked Le Shi’s Chairman Jia Yueting.

Le Shi’s Chairman on Weibo: An invitation to break boundaries

That particular theme and its implication are also echoed in Jia’s media invitation to the announcement from his Weibo account. He includes a graphic piece in which the “App” in “Apple” is crossed out, with only the “le” in “Le Shi” left untouched.

Jia’s Weibo invite themed “No Ecosystem Nothing Super” reads: “our time is changing; roles have changed but our spirit never changes! From 1984 to 2015, Le Shi invites you to #BreakBoundaries, EcologicalOverturn#; see you at 2pm on 4-14.”

The Chairman has proactively publicized the concepts behind the new smartphone and questioned Apple’s industrial design and its closed system after his surgery to cure Thymoma in November 2014, though he has not made any public appearance since then.

The new, transformative Eco User Interface of Super Smartphone

While high-performance, gorgeous appearance, a focus on the service-first ecological mode, and unrivaled features — such as all-metal bodies, no-frame industrial design, Qualcomm’s flagship 810 chipset, HiFi stereo components, and the highest-resolution camera — will enable Le Shi’s Super Smartphone to surpass offerings by major competitors, the core edge of the Super Smartphone is the EUI (Eco User Interface) system.

“An interactive system between users and ecosystem, EUI is cross-ecology and across terminals’ central nervous systems. EUI re-defines smartphone’s UI system, allowing smartphones to move from the intelligence age to the ecology age,” said Le Shi.

EUI will also act as the core of a complete ecosystem that transforms the existing hardware-software integrated smartphone.

“Numerous new players have entered the smartphone market, but nobody seems to put users’ core benefits first,” Jia pointed out. “At Le Shi, we firmly believe that only the ecosystem of platform+content+terminal+applications will bring changes to user experience and the way the industry operates.”

About Letv

Founded in November 2004 by Jia Yueting, a celebrated pioneer in China’s Internet landscape, Letv Group is committed to creating the “Letv Ecosystem,” a next-generation Internet engine that is vertically-integrated to offer an online platform completed with content, terminals and applications. The Group is engaged in a rich array of businesses, spanning from Internet TV, video production and distribution, smart gadgets and large-screen applications to e-commerce, eco-agriculture and Internet-linked super-electric cars, which were launched in late 2014. The Group comprises a number of subsidiaries, including, Leshi Zhi Xin, Le Vision Pictures,, Letv Holding, Letv Investment Management and Le Mobile. In 2014, the aggregate sales of the Group amounted to approximately RMB 10 billion.

Why RELLECIGA Swimwear Was Chosen by Amazon

NEW YORK, April 7, 2015 /PRNewswire/ — RELLECIGA has been chosen as the top seller to take part in Lightning Deals again on on the last day of March and got very good results. This is not the first time that RELLECIGA took part in this event – earlier in February Amazon has helped promote RELLECIGA on its website and gained popularity before summer. Soon it became the Top 1 of swimwear and Top 123 of Apparel.

As is known, Amazon is a global superstore. It used to focus on books and consumer electronics, and later it expanded its range to all the retail goods. Differs from other platforms which are still focusing on cheap products in bad quality, Amazon moves one step forward. It notices that importance of quality and brand – it can help build the reputation from both suppliers and consumers. As a result, it is now choosing the reliable brands whose products are in the top quality and helping them to build the brands on its own website.

RELLECIGA, as a Paris-based bikini brand, meets the requirement of Amazon totally and was chosen together with Roxy and Seafolly to enter the website soon after Amazon released the brand-building plan. The main reason that Amazon chose RELLECIGA is its attitude to the quality except for its brand and design. Nowadays the competition of swimwear is even more severe – most manufacturers focus on the cost and price instead of quality and design. Thus there are swimwear that can only be worn once which is disposable. As we all know, swimwear, especially bikini, is the closest wearing to ladies when they are swimming or relaxing on the beach. It must be of as high quality as lingerie so that they can feel more comfortable and show out their most confident and sexiest side. With a dream of “the sexiest woman in the world wears the sexiest bikini”, RELLECIGA concentrates at every detail. Besides using better materials, which is a regular method to guarantee quality, RELLECIGA also uses better technology to improve the quality. For instance, it uses the folding technology to hide the stitches so that the wearer will not feel them and moreover, it looks even more aesthetic.

You can find RELLECIGA even easier on after the Easter. And another good news is that RELLECIGA has just agreed to a swimwear deal with the U.S. supermodel Aubrey Skyy. RELLECIGA believes in healthy instead of skinny style, and Aubrey will help spread its concept all over the world. Moreover, RELLECIGA also inspires more customized swimwear designs for girls like Aubrey in the near future.

Check out more news about RELLECIGA on its official website and all the social media below:


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Clarification on Announcement Regarding Online Lottery Sales in China

SHENZHEN, China, April 7, 2015 /PRNewswire/ — Limited (NYSE: WBAI) (“” or the “Company”), a leading online sports lottery service provider in China, today made an announcement in furtherance to the announcement the Company made on April 3, 2015. The Company wants to restate that it was one of the two entities approved by the Ministry of Finance in 2012 to provide online lottery sales services on behalf of the China Sports Lottery Administration Center. In particular, such approval mandated that the China Sports Lottery Administration Center use its best effort to develop an online lottery sales management system as part of a pilot program for online lottery sales in China, and once such a management system is finished, the China Sports Lottery Administration Center should apply again for approval from the Ministry of Finance for official commencement of online lottery sales in China. The Company notes it has been working and will continue to work with the China Sports Lottery Administration Center to develop such a management system. To the best of the Company’s knowledge, the approval by the Ministry of Finance for the Company to provide online lottery sales services on behalf of the China Sports Lottery Administration Center is valid and has not been revoked or amended as of the date of this announcement.

The Company believes the public announcement jointly released by eight competent government authorities on April 3, 2015 is a further step by the competent government authorities to sanction unauthorized online lottery sales and to ensure the healthy development of the lottery market in China. In particular, the Company believes the close proximity of the release of such public announcement and the promulgation of the Notice on Issues Related to Self-Inspection and Self-Remedy of Unauthorized Online Lottery Sales on January 15, 2015 signals a potential significant change of regime in the online lottery market in China. In light of such potential change of regime, the Company decided to voluntarily and temporarily suspend all of its online lottery sales services. To the best of the Company’s knowledge, as of the date of this announcement, all online lottery sales service providers in China have temporarily suspended their operations.

The Company further notes that as of December 31, 2014, the Company had cash in the amount of RMB914.2 million, which the Company estimates would be sufficient to sustain the Company’s operations for approximately 10 years without taking into account any revenue, and given the Company’s estimated annual operational overhead of RMB80 million to RMB90 million.

About Limited Limited (NYSE:WBAI) is a leading online sports lottery service provider in China. The Company offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. was among the third companies to provide online lottery services inChina, and is one of two entities that have been approved by the Ministry of Finance to provide online lottery sales services on behalf of the China Sports Lottery Administration Center, which is the government authority that is in charge of the issuance and sale of sports lottery products in China. According to iResearch, the Company had the largest market share among online lottery service providers for the third six months of 2013, in terms of the total purchase amount of sports lottery products.

Safe Harbor Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “going forward,” “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For more information, please contact: Limited

In China
Mr. Christian Arnell
Phone: +852 9040 0621

Ms. Linda Bergkamp
Phone: +1-480-614-3004

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Wailian Overseas Consulting Group, Ltd. – Major Tour Sponsor for Carnegie Hall’s 2015 China Tour by the National Youth Orchestra of the United States of America

NEW YORK, April 6, 2015 /PRNewswire/ — Wailian Overseas Consulting Group, Ltd. announced today that it has signed on as a Major Tour Sponsor for Carnegie Hall’s National Youth Orchestra of the United States of America (“NYO-USA“) summer 2015 tour to China.

The NYO-USA is comprised of more than a hundred of the finest young musicians from across the United States. This summer, the orchestra will travel to Asia for the first time ever with a seven-city tour through China, with performances in Beijing, Shanghai, Suzhou, Xi’an, Shenzhen, Guangzhou, and Hong Kong from July 15-26. The tour will formally launch with a performance at New York City’s Carnegie Hall on July 11. Led this summer by conductor Charles Dutoit, NYO-USA will be joined on tour by internationally-renowned pianist YUNDI as guest soloist. The orchestra’s program will include a new work by composer Tan Dun.

In July 2014, NYO-USA’s visit to China was designated as one of four Cultural Pillars by the U.S. Department of State and Chinese government for the Fifth U.S.-China Consultation on People-to-People Exchange (CPE). The CPE aims to enhance and strengthen ties between the citizens of the United States and the People’s Republic of China in the five pillar areas of culture, education, science and technology, sports, and women’s issues.

Sir Clive Gillinson, Executive and Artistic Director of Carnegie Hall said, “Carnegie Hall is very grateful for this important show of support for NYO-USA by Wailian Overseas Consulting Group. The orchestra’s first tour to China will be an amazing opportunity for musical and cultural discovery. Many thanks to Wailian for helping to make this incredible programpossible, connecting talented young musicians from across the US with music lovers throughout China.”

Ms. Linda He, CEO and President of Wailian Overseas Consulting Group, Ltd. remarked, “We are very honored to become a major tour sponsor for Carnegie Hall’s 2015 NYO-USA summer tour to China. Wailian specializes not only in finding outstanding investment opportunities for Chinese citizens seeking to emigrate, but also in promoting cultural exchange and harmony between our two countries. We are proud to support some of the great musicians of tomorrow.”

About NYO-USA: Each summer, Carnegie Hall’s Weill Music Institute brings together the finest young musicians from across the country (ages-16-19) to form the National Youth Orchestra of the United States of America (NYO-USA). Following a comprehensive audition process and a two-week training residency with faculty made up of principal players from top professional orchestras, these remarkable teenagers embark on a tour to some of the great music capitals of the world, serving as America’s dynamic music ambassadors.

Launched in summer 2013 to great critical acclaim, the first-ever NYO-USA presented concerts with famed conductor Valery Gergiev and renowned violinist Joshua Bell to enthusiastic audiences in Washington DC; St. Petersburg and Moscow, Russia; and at the BBC Proms in London, England. The 2014 orchestra, led by dynamic American conductor David Robertson with virtuoso violinist Gil Shaham as soloist, made its debut at Carnegie Hall in New York City, followed by a coast-to-coast US tour. For more information, visit

About Wailian Overseas Consulting Group, Ltd.: As a proven leader in the investment immigration industry, Wailian has established a solid reputation that continues to flourish. Now with over 300 employees and 20 offices internationally, Wailian is recognized by Chinese investors, U.S regional centers and developers as a global leader in attracting premium investment opportunities for its clients. Wailian’s experienced professionals are dedicated to providing the best service to its clients, thus earning us the “Most Trusted Brand” award. Wailian was the first company in the industry to establish project centers overseas dedicated to performing ongoing due diligence reviews for its projects, providing the greatest level of security to protect the interests of investors.

To view the original version on PR Newswire, visit:—major-tour-sponsor-for-carnegie-halls-2015-china-tour-by-the-national-youth-orchestra-of-the-united-states-of-america-300060745.html

Peabo Bryson Live to be Held in Genting

16 May 2015, Arena of Stars

GENTING HIGHLANDS, Malaysia, April 4, 2015 /PRNewswire/ — Get ready for a sensational time with the popular singer-songwriter, producer and composer Peabo Bryson at Resorts World Genting this May! Peabo is set to entertain his fans for a one-night only performance at Arena of Stars, on 16 May 2015 (Saturday), 8:30pm onwards.

Peabo Bryson

Peabo Bryson

Peabo Bryson is well known for singing soft-rock ballads and often duet with female singers, namely “What You Won’t Do For Love” with Natalie Cole and Roberta Flack “Tonight, I Celebrate My Love” which are some of his famous hits that labeled him as “King of the balladeers” in the 80’s.

His contribution to several Disney animated feature soundtracks such as “Beauty and the Beast” from Beauty and the Beast, with Celine Dion and “A Whole New World” from Aladdin, with Regina Belle, not only made him famous across the globe, but also won him the Grammy Award for Best Pop Performer in 1992 and 1993.

Purchase your tickets now for a great performance by the “King of the balladeers”. Tickets are priced at RM 318 (VVIP), RM 248 (VIP), RM 188 (PS1), RM 148 (PS2) and RM 100 (PS3). A 10% discount will be extended to all Genting Rewards Members, applicable to all price scales. Be a Genting Rewards member now and enjoy exclusive discounts on our shows. Registration is easy and it’s FREE!

For more information, please call 03-2718 1118 or visit

If you have any queries or in need of further clarification, please do not hesitate to contact the following persons; –

* The below names are for editorial enquiries only and not to be published.

Michelle Wong, Media Relations Assistant Manager

603 – 6105 9508

Eng Lee See, Senior Media Relations Executive

603 – 6105 9607

Nur Darwisyah, Media Relations Executive

603 – 2333 6679

Marcus Mok, Media Relations Executive

603 – 6105 9608

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Shanda Games Limited Enters into Definitive Merger Agreement for Going Private Transaction

HONG KONG, April 3, 2015 /PRNewswire/ — Shanda Games Limited (NASDAQ: GAME) (“Shanda Games” or the “Company”), a leading online game developer, operator and publisher in China, announced today that it had entered into an Agreement and Plan of Merger (the “Agreement”) with Capitalhold Limited (“Parent”) and Capitalcorp Limited, a wholly owned subsidiary of Parent (“Merger Sub”).

Pursuant to the Agreement, Parent will acquire the Company for cash consideration equal to US$3.55 per ordinary share of the Company (each, an “Ordinary Share”) and US$7.10 per American Depositary Share of the Company, each representing two Class A Ordinary Shares (each, an “ADS”), in a transaction valuing the Company at approximately US$1.9 billion. This price represents a premium of 46.5% and 53.8%, respectively, over the Company’s 30- and 60-trading day volume-weighted average price as quoted by NASDAQ Global Select Market (“NASDAQ”) on January 24, 2014, the last trading date immediately prior to the Company’s announcement on January 27, 2014 that it had received a “going private” proposal.

The consideration to be paid to holders of Ordinary Shares and ADSs pursuant to the Agreement also represents an increase of approximately 2.9% from the original US$3.45 per Ordinary Share and US$6.90 per ADS offer price included in the January 27, 2014 “going private” proposal.

Immediately following consummation of the transactions contemplated by the Agreement, Parent will be beneficially owned by a consortium (the “Buyer Group”) comprising (i) Ningxia Yilida Capital Investment Limited Partnership, a limited partnership formed under the laws of the People’s Republic of China and an affiliate of the Company’s acting CEO, Mr. Yingfeng Zhang, (ii) Ningxia Zhongyincashmere International Group Co., Ltd. (“Ningxia”), a company formed under the laws of the People’s Republic of China, (iii) Orient Hongtai (Hong Kong) Limited, a company incorporated and existing under the laws of Hong Kong (“Orient Hongtai”), (iv) Orient Hongzhi (Hong Kong) Limited (“Orient Hongzhi”), a company incorporated and existing under the laws of Hong Kong and an affiliate of Orient Hongtai, (v) Hao Ding International Limited (“Hao Ding”), a company established under the laws of the British Virgin Islands, (vi) Ningxia Zhengjun Equity Investment Partnership Enterprise (Limited Partnership) (“Zhengjun Investment”), a limited partnership organized and existing under the laws of the People’s Republic of China and an affiliate of Mr. Yingfeng Zhang, (vii) Ningxia Silkroad Equity Investment Partnership Enterprise (Limited Partnership) (“Ningxia Silkroad”), a limited partnership organized and existing under the laws of the People’s Republic of China and an affiliate of Ningxia, and (viii) Ningxia Zhongrong Legend Equity Investment Partnership Enterprise (Limited Partnership) (“Zhongrong Legend”), a limited partnership organized and existing under the laws of the People’s Republic of China and an affiliate of Ningxia. Merger Sub is a direct wholly owned subsidiary of Parent. As of the date of the Agreement, the Buyer Group collectively beneficially owns approximately 75.7% of the Company’s issued and outstanding Ordinary Shares, representing approximately 90.7% of the total number of votes represented by the Company’s issued and outstanding Ordinary Shares.

Subject to the terms and conditions set forth in the Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation and becoming a wholly owned subsidiary of Parent (the “Merger”), and each of the Ordinary Shares issued and outstanding immediately prior to the effective time of the Merger (including Ordinary Shares represented by ADSs) will be cancelled in consideration for the right to receive US$3.55 per Ordinary Share or US$7.10 per ADS, in each case, in cash, without interest and net of any applicable withholding taxes, except for (i) 48,759,187 Class B Ordinary Shares held by Yili Shengda Investment Holdings (Hong Kong) Company Limited, an affiliate of Mr. Yingfeng Zhang, 48,759,187 Class B Ordinary Shares held by Zhongrong Shengda Investment Holdings (Hong Kong) Company Limited, an affiliate of Ningxia, 80,577,828 Class A Ordinary Shares held by Zhongrong Investment Holdings (Hong Kong) Co., Ltd., an affiliate of Ningxia, 61,776,334 Class A Ordinary Shares held by Orient Hongtai, 61,776,335 Class A Ordinary Shares held by Orient Hongzhi, 107,438,129 Class A Ordinary Shares held by Hao Ding and any Ordinary Shares held by Parent, the Company or any of their subsidiaries immediately prior to the effective time of the Merger, each of which will be cancelled without payment of any consideration or distribution therefor, and (ii) Ordinary Shares owned by holders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the Merger pursuant to Section 238 of the Companies Law of the Cayman Islands, which Ordinary Shares will be cancelled at the effective time of the Merger for the right to receive the fair value of such Ordinary Shares determined in accordance with the provisions of Section 238 of the Companies Law of the Cayman Islands.

The Buyer Group intends to fund the transaction through cash contributions from Zhengjun Investment, Ningxia Silkroad, Zhongrong Legend (collectively, the “Sponsors”) or their affiliates pursuant to equity commitment letters entered into between Parent and each Sponsor. The Sponsors have also entered into limited guarantees in favor of the Company pursuant to which they have agreed to guarantee certain obligations of Parent and Merger Sub under the Agreement.

The Company’s Board of Directors, acting upon the unanimous recommendation of the special committee of independent directors formed by the Board of Directors (the “Special Committee”), unanimously approved the Agreement, the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands in connection with the Merger and the transactions contemplated thereby (the “Transactions”), including the Merger, and resolved to recommend that the Company’s shareholders vote to approve the Agreement and the Transactions, including the Merger. The Special Committee, which is composed solely of independent directors who are unaffiliated with Parent, Merger Sub, any member of the Buyer Group or management of the Company, exclusively negotiated the terms of the Agreement with the Buyer Group with the assistance of its independent financial and legal advisors.

The Merger, which is currently expected to close in the second half of 2015, is subject to customary closing conditions, including the approval by an affirmative vote of shareholders holding two-thirds or more of the votes represented by the Ordinary Shares (including Ordinary Shares represented by ADSs) present and voting in person or by proxy as a single class at the extraordinary general meeting, which will be convened to consider the approval of the Agreement and the Transactions, including the Merger. The Buyer Group beneficially owns sufficient Ordinary Shares to approve the Agreement and the Transactions, including the Merger, and has agreed to vote in favor of such approval. If completed, the Transactions will result in the Company becoming a privately-held company and its ADSs will no longer be listed on NASDAQ.

Bank of America Merrill Lynch is serving as financial advisor to the Special Committee, Sullivan & Cromwell LLP is serving as U.S. legal advisor to the Special Committee, Haiwen & Partners is serving as PRC legal advisor to the Special Committee and Walkers Global is serving as Cayman Islands legal advisor to the Special Committee. Akin Gump Strauss Hauer & Feld is serving as legal advisor to Bank of America Merrill Lynch.

Davis Polk & Wardwell LLP is serving as U.S. legal advisor to the Company and Global Law Office is serving as PRC legal advisor to the Company.

Southwest Securities Co., Ltd. is serving as financial advisor to the Buyer Group and Wilson Sonsini Goodrich & Rosati, P.C. is serving as U.S. legal advisor to the Buyer Group.

Additional Information about the Transactions

The Company will furnish to the Securities and Exchange Commission (the “SEC”) a report on Form 6-K regarding the Transactions, which will include as an exhibit thereto the Agreement. All parties desiring details regarding the Transactions are urged to review these documents, which are available at the SEC’s website (

In connection with the Transactions, the Company will prepare and distribute a proxy statement to its shareholders. In addition, certain participants in the Transactions will prepare and distribute to the Company’s shareholders a Schedule 13E-3 transaction statement. These documents will be filed with or furnished to the SEC. INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE TRANSACTIONS AND RELATED MATTERS. In addition to receiving the proxy statement and Schedule13E-3 transaction statement, shareholders also will be able to obtain these documents, as well as other filings containing information about the Company, the Transactions and related matters, without charge, from the SEC’s website ( or at the SEC’s public reference room at 100 F Street, NE, Room 1580, Washington, D.C. 20549. In addition, these documents can be obtained, without charge, by contacting the Company at the following address and/or phone number:

Shanda Games Limited:
No. 1 Office Building
No. 690 Bibo Road
Pudong New Area
Shanghai 201203
The People’s Republic of China
Phone: +86-21-5050-4740

The Company and certain of its directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be “participants” in the solicitation of proxies from our shareholders with respect to the Transactions. Information regarding the persons who may be considered “participants” in the solicitation of proxies will be set forth in the proxy statement and Schedule 13E-3 transaction statement relating to the Transactions when they are filed with the SEC. Information regarding certain of these persons and their beneficial ownership of the Company’s Ordinary Shares as of March 31, 2014 is also set forth in the Company’s Form 20-F, which was filed with the SEC on April 29, 2014. Additional information regarding the interests of such potential participants will be included in the proxy statement and Schedule 13E-3 transaction statement and the other relevant documents filed with the SEC when they become available.

This announcement is neither a solicitation of proxy, an offer to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for any proxy statement or other filings that may be made with the SEC should the Transactions proceed.

Cautionary Statement concerning Forward Looking Statements

This news release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to how the Company’s shareholders will vote at the meeting of shareholders, the possibility that competing offers will be made, the possibility that various closing conditions to the Merger may not be satisfied or waived and other risks and uncertainties discussed in the Company’s filings with the SEC, as well as the Schedule 13E-3 transaction statement and the proxy statement to be filed by the Company in connection with the Merger. Shanda Games does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Shanda Games

Shanda Games Limited (NASDAQ: GAME) is a leading online game developer, operator and publisher in China. Shanda Games offers a diversified game portfolio, which includes some of the most popular massively multiplayer online (MMO) games and mobile games in China and in overseas markets, targeting a large and diverse community of users. Shanda Games manages and operates online games that are developed in-house, co-developed with world-leading game developers, acquired through investments or licensed from third parties. For more information about Shanda Games, please visit


Shanda Games Limited
Ellen Chiu, Investor Relations Director
Maggie Zhou, Investor Relations Associate Director
Phone: +86-21-5050-4740 (Shanghai)

Christian Arnell
Phone: +86-10-5900-1548 (China)

Linda Bergkamp
Phone: +1-480-614-3004 (U.S.A.)

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