Ctrip Announces ADS Ratio Change
31 Mars 2006 - 9:00AM
PR Newswire (US)
SHANGHAI, China, March 31 /Xinhua-PRNewswire-FirstCall/ --
Ctrip.com International, Ltd. (NASDAQ:CTRP), a leading consolidator
of hotel accommodations and airline tickets in China, today
announced that it will change the ratio of its American Depositary
Shares ("ADSs") to ordinary shares from one (1) ADS representing
two (2) ordinary shares to one (1) ADS representing one (1)
ordinary share, effective on April 10, 2006. Ctrip's ADS holders as
of April 7, 2006 will receive one additional ADS for every ADS held
at the close of business on April 10, 2006. The effect on the ADS
price and ADS count will take place on April 11, 2006. For Ctrip's
ADS holders, this ratio change will have the same effect as a
two-for-one ADS split. There will be no change to Ctrip's
underlying ordinary shares. Furthermore, no action is required by
ADS holders to effect the ratio change. About Ctrip.com
International, Ltd. Ctrip.com International, Ltd. is a leading
consolidator of hotel accommodations and airline tickets in China.
Ctrip aggregates information on hotels and flights and enable
customers to make informed and cost-effective hotel and flight
bookings. Ctrip targets primarily business and leisure travelers in
China who do not travel in group. These travelers form a
traditionally under-served yet fast-growing segment of the China
travel industry. Since its inception in 1999, Ctrip has experienced
substantial growth and become one of the best-known travel brands
in China. Ctrip became a publicly traded company in December of
2003. Ctrip's ADSs are traded on the Nasdaq Global Market under the
ticker "CTRP". Safe Harbor Statement This announcement contains
forward-looking statements. These statements are made under 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,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. Among other things, the Business Outlook section and
quotations from management in this press release, as well as
Ctrip's strategic and operational plans, contain forward-looking
statements. Ctrip may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission on forms 20-F and 6-K, etc., in its annual
report to shareholders, 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 Ctrip's beliefs and expectations,
are forward-looking 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. Potential risks and
uncertainties include, but are not limited to, Ctrip's limited
operating history, declines or disruptions in the travel industry,
the recurrence of SARS or emergence of other contagious diseases
such as avian flu, Ctrip's reliance on the relationships with hotel
suppliers and airline ticket suppliers, fluctuations in quarterly
operating results, failure of competing against new and exist
competitors, and other risks outlined in Ctrip's filings with the
U.S. Securities and Exchange Commission. Ctrip does not undertake
any obligation to update any forward-looking statement, except as
required under applicable law. For further information Yin Yin
Ctrip.com International, Ltd. Tel: +852-2169-0915 Email:
DATASOURCE: Ctrip.com International, Ltd. CONTACT: Yin Yin of
Ctrip.com International, Ltd., +852-2169-0915, or
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