Date:	--/--/-- --:--:--
Event Id:	E5CZZ3V63
Action Type:	ACQUISITION
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	DADA
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	0.5
Price Per Share Currency:	USD
News References:	https://www.globenewswire.com/news-release/2025/04/01/3053253/0/en/Dada-Enters-into-Definitive-Agreement-for-Going-Private-Transaction.html

Action Notes

Dada Nexus Limited today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter (the "Proposal Letter"), dated January 25, 2025, from JD.com, Inc. ("JD" or the "Buyer"), to acquire all of the outstanding ordinary shares of the Company (the "Ordinary Shares"), including the Ordinary Shares represented by the American Depositary Shares of the Company (the "ADSs", each representing four Ordinary Shares), that are not already beneficially owned by the Buyer for a proposed purchase price of US$2.0 per ADS, or US$0.5 per Ordinary Share, in cash (the "Proposed Transaction"). The proposed price represents a premium of approximately 42% to the closing price on the most recent trading day prior to the date of the Proposal Letter. The Company cautions that the Board has just received the Proposal Letter and has not made any decisions with respect to the Proposal Letter and the Proposed Transaction. There can be no assurance that the Buyer will make any definitive offer to the Company, that any definitive agreement relating to the Proposal Letter will be entered into between the Company and the Buyer, or that the Proposed Transaction or any other similar transaction will be approved or consummated.The Merger is currently expected to close within the third quarter of 2025 and is subject to customary closing conditions.Dada Announces Shareholders' Approval of Merger Agreement