DiDi Announces Results of Extraordinary General Meeting

Rhea-AI Summary

DiDi Global Inc. (NYSE: DIDI) announced the approval of a resolution to delist its American Depositary Shares from the New York Stock Exchange at an extraordinary general meeting held in Beijing. The delisting aims to facilitate compliance with cybersecurity review measures, with no plans for listing on other exchanges before the completion of this process. The resolution garnered 781,060,684 votes in favor against 30,374,766 votes opposed, with participation from shareholders holding a total of 811,435,450 ordinary shares. As of April 28, 2022, DiDi had over 1.2 billion ordinary shares outstanding.

Positive

• Shareholder approval of the delisting could lead to a more streamlined approach to cybersecurity compliance.
• High voter turnout reflects strong shareholder engagement.

Negative

• Delisting from the NYSE may negatively impact liquidity and visibility among U.S. investors.
• Regulatory scrutiny may continue to pose challenges for the company.

BEIJING--(BUSINESS WIRE)-- DiDi Global Inc. (“DiDi” or the “Company”) (NYSE: DIDI), today announced that the following resolution, which had been submitted for shareholder approval, has been approved at the extraordinary general meeting (the “EGM”) of the Company’s shareholders held in Beijing today:

1. as an ordinary resolution, to delist the Company’s American Depositary Shares from the New York Stock Exchange (the “Delisting”) as soon as practicable, and that in order to better cooperate with the cybersecurity review and rectification measures, the Company’s shares will not be listed on any other stock exchange before the Delisting is completed.

As of April 28, 2022 (the “Record Date”), the Company had 1,213,509,469 ordinary shares outstanding, comprised of 1,096,173,633 Class A ordinary shares and 117,335,836 Class B ordinary shares. Members holding 811,435,450 ordinary shares (being the sum of 694,099,614 Class A ordinary shares and 117,335,836 Class B ordinary shares) cast their votes at the EGM. The beneficial owners of Class B ordinary shares of the Company voted on a one vote per share basis at the EGM, the same as holders of Class A ordinary shares. The results of the vote on the resolution were 781,060,684 votes in favor and 30,374,766 votes against.

About DiDi Global Inc.

DiDi Global Inc. (NYSE: DIDI) is the world’s leading mobility technology platform. It offers a wide range of app-based services across Asia Pacific, Latin America and other global markets, including ride hailing, taxi hailing, chauffeur, hitch and other forms of shared mobility as well as auto solutions, food delivery, intra-city freight and financial services.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220523005643/en/

For investor inquiries, please contact:



DiDi Global Inc.

Tianyi Wang

Email: ir@didiglobal.com



For media inquiries, please contact:



DiDi Global Inc.

Global Communications Team

Email: globalpr@didiglobal.com

Source: DiDi Global Inc.

FAQ

What resolution did DiDi Global announce regarding the NYSE?

DiDi Global announced the approval to delist its American Depositary Shares from the NYSE.

When was the extraordinary general meeting for DiDi Global held?

The extraordinary general meeting was held on the date of the press release.

What was the outcome of the shareholder vote for DiDi Global's delisting?

The vote resulted in 781,060,684 shares in favor and 30,374,766 against the delisting.

What is the reason behind DiDi Global's delisting from the NYSE?

The delisting is intended to facilitate compliance with cybersecurity review and rectification measures.

How many ordinary shares did DiDi Global have outstanding as of April 28, 2022?

DiDi Global had 1,213,509,469 ordinary shares outstanding as of April 28, 2022.