Tongcheng Travel and eLong Delay Composite Document for Conditional Cash Offer to Acquire Dida Inc.

Bulletin Express
07/20

Tongcheng Travel Holdings Limited (Tongcheng Travel), eLong, Inc. (the Offeror) and Dida Inc. (Dida) jointly announced a postponement in the despatch of the composite offer document relating to the proposed voluntary conditional general cash offer for all issued shares of Dida, as well as any outstanding options and RSU-related shares.

The Takeovers Code requires the composite document to be issued within 21 days of the 29 June 2026 Rule 3.5 announcement, setting the original deadline at 20 July 2026. The parties have applied for, and the Executive has indicated it is minded to grant, an extension to 31 July 2026. The additional time is needed to finalise the independent financial adviser’s letter and certain financial details of Dida.

The transaction remains subject to the satisfaction or waiver of the stated conditions. Accordingly, the share, option and RSU offers may or may not become unconditional. All shareholders, optionholders, RSU holders and potential investors are urged to exercise caution when dealing in Dida securities.

Further announcements will be released once the composite document and accompanying form of acceptance are despatched.

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