Jiayuan.com Establishes Special Committee To Evaluate “Going Private” Proposal

PR NEWSWIRE – Mar 16 - Jiayuan.com International, operator of the largest dating site in China, has established a special committee to consider the non-binding proposal letter from Vast Profit Holdings Limited that proposes a "going-private" transaction involving the acquisition of all of the outstanding ordinary shares of the Company not already owned by Vast Profit. The Special Committee is composed of the following independent directors who are not affiliated with Vast Profit. Mr. Jianzhang Liang resigned from his position as a director of the company.