Weibo to Hold Annual General Meeting on May 24, 2023

Rhea-AI Summary

Weibo Corporation (Nasdaq: WB) has announced its annual general meeting (AGM) scheduled for May 24, 2023, at 2:00 p.m. in Hong Kong. Shareholders on record as of April 21, 2023, are entitled to attend and vote. The meeting will address proposed resolutions available on the company's website. Weibo's board recommends shareholders vote in favor of these resolutions. The company generates the majority of its revenue from advertising and marketing services, leveraging a mobile-first strategy and social interest graph for effective audience targeting. For more information, visit ir.weibo.com.

Positive

• Weibo's annual general meeting will provide shareholders an opportunity to vote on key resolutions.
• The company has a strong focus on mobile-first advertising solutions, which aids in revenue generation.

Negative

• None.

BEIJING, April 3, 2023 /PRNewswire/ -- Weibo Corporation (the "Weibo" or "Company") (Nasdaq: WB and HKEX: 9898), China's leading social media platform, today published a notice to announce that it will hold an annual general meeting (the "AGM") of shareholders (the "Notice of AGM") at 5809-5810, Two International Finance Centre, 8th Finance Street, Central, Hong Kong on Wednesday, May 24, 2023 at 2:00 p.m. (Hong Kong time), for the purposes of considering and, if thought fit, passing the Proposed Resolutions set forth in the Notice of AGM. The Notice of AGM and proxy card for the AGM are available on the Company's website at ir.weibo.com. The board of directors of Weibo fully supports the proposed resolutions listed in the Notice of AGM and recommends that shareholders and holders of ADSs vote in favor of the resolutions set out in the Notice of AGM.

Holders of record of ordinary shares of the Company at the close of business on April 21, 2023, Hong Kong time, are entitled to attend and vote at the AGM and any adjourned meeting thereof. Holders of record of American Depositary Shares (the "ADSs") as of the close of business on April 21, 2023, New York time, who wish to exercise their voting rights for the underlying Class A Ordinary Shares must give voting instructions to JPMorgan Chase Bank, N.A., the depositary of the ADSs.

Weibo's Form 20-F can be accessed on the Company's website at ir.weibo.com, as well as on the SEC's website at http://www.sec.gov.

About Weibo

Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.

Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. The Company generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Designed with a "mobile first" philosophy, Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. To support the mobile format, we have developed and continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.

Safe Harbor Statement

This press release contains forward-looking statements. Weibo may also make forward-looking statements in the Company's periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology, such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "confidence," "estimates" and similar statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in Weibo's annual report on Form 20-Fs and other filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is current as of the date hereof, and Weibo assumes no obligation to update such information, except as required under applicable law.

CONTACTS:
Investors Relations,
Weibo Corporation,
Tel: +86-10-5898-3336,
Email: ir@staff.weibo.com

View original content:https://www.prnewswire.com/news-releases/weibo-to-hold-annual-general-meeting-on-may-24-2023-301788100.html

SOURCE Weibo Corporation

FAQ

When will Weibo's annual general meeting be held?

Weibo's annual general meeting is scheduled for May 24, 2023.

What time is the Weibo AGM?

The Weibo AGM will take place at 2:00 p.m. Hong Kong time.

Who can attend the Weibo AGM?

Shareholders on record as of April 21, 2023, are entitled to attend the Weibo AGM.

Where is the Weibo AGM located?

The Weibo AGM will be held at Two International Finance Centre in Hong Kong.

What is the purpose of Weibo's AGM?

The purpose of Weibo's AGM is to consider and vote on the proposed resolutions set forth in the Notice of AGM.