Dida Inc. on 6 July 2026 announced an adjustment to its share capital and reiterated the status of the voluntary conditional general cash offer from eLong, Inc.
Key developments:
1. Acceleration and Exercise of Equity Awards • On 6 July 2026, the board granted 1.00 million restricted share units (RSUs) to Executive Director Mr. Duan Jianbo and immediately vested and exercised them. • Concurrently, vesting of all remaining unvested awards was accelerated: 2.84 million options under the Pre-IPO Share Option Scheme and 7.75 million RSUs under the Post-IPO RSU Scheme. All of these awards were exercised on the same day. • Following these actions, no options or RSUs remain outstanding.
2. Revised Share Capital Structure • Total issued and outstanding shares now stand at 1.03 billion (1,026.28 million). • The company expects this share count to remain unchanged on the date the offer documentation is dispatched.
3. Status of eLong’s Takeover Offer • The cash offer by eLong, Inc., conducted through Nomura International (Hong Kong) Limited, remains voluntary and conditional. Completion hinges on satisfaction or waiver of all stated conditions; therefore, the offer may or may not become unconditional.
4. Disclosure Obligations • In accordance with Rule 3.8 of the Hong Kong Takeovers Code, associates of both Dida Inc. and eLong, including any holders of 5% or more of Dida’s securities, must continue to disclose dealings in the company’s shares. • Intermediaries are reminded of their duty to inform clients of these disclosure requirements and to cooperate with regulatory enquiries.
5. Investor Caution • The board advises shareholders, option holders, RSU holders and potential investors to exercise prudence when trading Dida securities given the conditional nature of the ongoing offer.
The board, chaired by CEO Mr. Song Zhongjie, assumes full responsibility for the accuracy of the disclosed information.
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