Shanghai, China, May 13, 2004 ?C Shanda Interactive Entertainment Limited announced that its initial public offering of 13.8 million American Depositary Shares (“ADSs”), consisting of 9.6 million ADSs offered by Shanda and 4.2 million ADSs offered by its selling shareholders, was priced at US＄11 per ADS.
Shanda and the selling shareholders have granted the underwriters an option to purchase up to an additional 2.1 million ADSs. The ADSs are scheduled to begin trading on May 13, 2004 New York City time on the Nasdaq National Market under the trading symbol “SNDA”.
Goldman Sachs (Asia) L.L.C. served as the global coordinator and sole book runner for the offering. A copy of the prospectus relating to the offering may be obtained from Goldman, Sachs & Co. 85 Broad Steet, New York, New York 10004, telephone+1-212-902-1000.
About Shanda Interactive Entertainment Limited
Shanda is the largest operator of online games in China. The Company offers a portfolio of online games that are licensed from third parties and that are developed in-house. The games that Shanda offers include The Legend of Mir II, which is the most popular online game in China according to users surveyed by Inte ational Data Corporation (“IDC”), The World of Legend, which is Shanda’s leading in-house developed game, and BNB, which was the highest ranked casual game in IDC’s survey of the top ten most popular online games in China in 2003. Shanda is headquartered in Shanghai, China. The Company’s website is www.shanda.com.cn.
A registration statement relating to Shanda’s ADSs has been filed and declared effective by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.
Shanda has not previously made any press releases in connection with its initial public offering and will does not assume any responsibilities for any reports of third parties.
