SHANGHAI, the leading automobile rental and vehicle services organization in China, nowadays announced that it has called first-rate trendy meeting of shareholders (the “EGM”) to be held on April eight, 2019 at 10:00 a.M. (Shanghai time), at Unit 12/F, Building No. 5, Guosheng Center, 388 Daduhe Road, Shanghai, 200062, the People’s Republic of China. The assembly can be held to don’t forget and vote on, amongst other matters: the concept to authorize and approve the formerly announced amended and restated agreement and plan of merger (the “Merger Agreement”) dated February 18, 2019, a number of the Company, Teamsport Parent Limited (“Parent”), and Teamsport Bidco Limited (“Merger Sub”), a wholly owned subsidiary of Parent; the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”); and the transactions pondered thereby, consisting of the Merger (as described beneath).

Pursuant to the Merger Agreement and the Plan of Merger, at the effective time of the Merger, Merger Sub will merge with and into the Company, with the Company surviving the merger as the surviving business enterprise below Cayman Islands regulation (the “Merger”). If completed, the proposed Merger would bring about the Company turning into a privately held corporation this is entirely owned through associates of Mr. Ray Ruiping Zhang, the chairman and leader executive officer of the Company, MBK Partners Fund IV, L.P., The Crawford Group, Inc., Ctrip Investment Holding Ltd., Ocean General Partners Limited and Dongfeng Asset Management Co., Ltd. (collectively, the “Buyer Group”).

Following the consummation of the Merger, the American depositary shares of the Company (every representing two Class A not unusual shares, par cost US$zero.001 consistent with share) (“ADSs”) will now not be listed at the New York Stock Exchange. In addition, the ADSs and the Company’s Class A common stocks represented by way of the ADSs will stop to be registered underneath Section 12 of the Securities Exchange Act of 1934.

The Company’s board of directors, appearing upon the unanimous advice of a unique committee of the Company’s board of administrators composed absolutely of independent directors unaffiliated with the Buyer Group or any member of the management of the Company, authorized and accepted the Merger Agreement, the Plan of Merger and the transactions pondered thereby (along with the Merger) and resolved to endorse that the Company’s shareholders vote FOR, among other matters, the idea to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby (along with the Merger).

Shareholders of the document on the close of commercial enterprise in the Cayman Islands on March 22, 2019, could be entitled to attend and vote on the EGM. ADS holders as of the near of commercial enterprise in New York City on March eleven, 2019 might be entitled to coach JPMorgan Chase Bank, N.A., in its capacity because the ADS depositary, to vote the Class A commonplace shares represented by using their ADSs at the EGM.

Additional information concerning the EGM and the Merger Agreement may be located in the transaction announcement on Schedule 13E-three and the definitive proxy statement attached as Exhibit (a)-(1) thereto, as amended, filed with the U.S. Securities and Exchange Commission (the “SEC”), which may be acquired, in conjunction with different filings containing data about the Company, the proposed Merger and related matters, without fee, from the SEC’s internet site (www.Sec.Gov) or on the SEC’s public reference room positioned at 100 F Street, NE, Room 1580, Washington, D.C. 20549. In addition, copies of these files can also be obtained, without fee, via contacting the Company at +86 (21) 6468-7000 ext.

The Company and certain of its directors, executive officers and different contributors of control and employees may, below SEC guidelines, be deemed to be “participants” in the solicitation of proxies from the Company’s shareholders with respect to the proposed Merger. Further facts regarding people who can be deemed participants, along with any direct or oblique interests they may have, is ready forth in the definitive proxy statement relating to the Merger.

This announcement is neither a solicitation of proxy, an offer to purchase nor a solicitation of a proposal to sell any securities and it isn’t an alternative to any proxy statement or other filings that can be made with the SEC in recognize of the proposed Merger.

About eHi Car Services Limited

eHi Car Services Limited (NYSE: EHIC) is a main automobile rental and car offerings issuer in China. The Company’s venture is to provide complete mobility answers as an alternative to car possession with the aid of great using current resources and sharing financial system to create optimal cost. EHi distinguishes itself in China’s fast-developing vehicle rental and car services market thru its complementary commercial enterprise model, consumer-centric corporate subculture, extensive geographic insurance, green fleet management, main brand name, and commitment to technological innovation. EHi is the special strategic associate in China to the brands Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car owned through Enterprise Holdings, Inc., the biggest automobile rental company inside the international. Enterprise Holdings, Inc. Is owned by using The Crawford Group, Inc. For more facts concerning eHi, please visit http://en.1hai.Cn.

Safe Harbor

This information release can also include positive statements that are not descriptions of historic information, but are forward-looking statements. These forward-searching statements can be identified by means of terminology along with “if,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and comparable statements. Forward-looking statements contain risks, uncertainties and different factors that might purpose real effects to vary materially from the ones contained in any such statements. Potential dangers and uncertainties encompass, but aren’t limited to, uncertainties as to the expected advantages and prices of the proposed Merger; the expected timing of the crowning glory of the Merger; the events’ capacity to finish the Merger considering the numerous remaining conditions; the opportunity that various last conditions to the Merger won’t be glad or waived; how the Company’s shareholders will vote on the meeting of shareholders; the possibility that competing gives might be made and other risks and uncertainties discussed inside the Company’s filings with the SEC, which includes the Schedule 13E-3 transaction assertion and the proxy statement filed through the Company in reference to the Merger. The Company does now not adopt any obligation to update any forward-looking assertion, except as required underneath relevant regulation.

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