Ruhnn (RUHN) Announces Receipt of Preliminary Non-Binding “Going Private” Proposal

POTENTIAL DEAL DETAILS

Ruhnn Holding Limited (RUHN), a leading internet key opinion leader facilitator in China, today announced that its board of directors (the “Board”) has received a preliminary non-binding proposal letter, dated November 25, 2020, from three founders of the Company, Min Feng, Lei Sun and Chao Shen (together with their respective affiliates, the “Buyer Group”).

Update(s):

February 03, 2021: Ruhnn Holding Limited (RUHN), a leading internet key opinion leader facilitator in China, today announced that it has entered into an Agreement and Plan of Merger with RUNION Holding Limited and RUNION Mergersub Limited , a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity and becoming a wholly owned subsidiary of Parent , in a transaction implying an equity value of the Company of approximately US$296.4 million.

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