SHANGHAI, Jan. 8 /PRNewswire-Asia/ -- Ctrip.com International, Ltd.
(Nasdaq: CTRP), a leading travel service provider for hotel accommodations,
airline tickets and packaged tours in China, today announced that it will
change the ratio of its American depositary shares ("ADSs") to ordinary shares
from two (2) ADSs representing one (1) ordinary share to four (4) ADSs
representing one (1) ordinary share, effective on January 20, 2010.
Ctrip's ADS holders as of January 19, 2010 will receive one additional ADS
for every one ADS held at the close of business on January 20, 2010. The
effect on the ADS price will take place on January 21, 2010.
For Ctrip's ADS holders, this ratio change will have the same effect as a
two-for-one ADS split. There will be no change to Ctrip's underlying ordinary
shares. Furthermore, no action is required by ADS holders to effect the ratio
About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading travel service provider of
hotel accommodations, airline tickets and packaged-tours in China. Ctrip
aggregates information on hotels and flights and enables customers to make
informed and cost-effective hotel and flight bookings. Ctrip also sells
packaged tours that include transportation and accommodations, as well as
guided tours in some instances. Ctrip targets primarily business and leisure
travelers in China. Since its inception in 1999, Ctrip has experienced
substantial growth and become one of the best-known travel brands in China.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expect," "anticipate," "future,"
"intend," "plan," "believe," "estimate," and "confident" and similar
statements. Among other things, quotations from management and the Business
Outlook section in this press release, as well as Ctrip's strategic and
operational plans, contain forward-looking statements. Ctrip may also make
written or oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual
report to shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to third parties.
Statements that are not historical facts, including statements about Ctrip's
beliefs and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of important
factors could cause actual results to differ materially from those contained
in any forward-looking statement. Potential risks and uncertainties include,
but are not limited to, a reoccurrence of slow-down of economic growth in
China and the worldwide recession, declines or disruptions in the travel
industry, volatility in the trading price of Ctrip's ADSs, Ctrip's reliance on
the relationships with travel suppliers and strategic alliances, failure to
further increase Ctrip's brand recognition to obtain new business partners and
consumers, failure to compete against new and existing competitors, damage to
or failure of Ctrip's infrastructure and technology, loss of services of
Ctrip's key executives, risks associated with any strategic investments or
acquisitions, risks related to health epidemics, such as outbreaks of H1N1 flu
(swine flu), SARs or avian flu, that may materially disrupt the travel
industry, risks and uncertainties associated with PRC laws and regulations
governing internet content providers and affecting Ctrip's business in China,
Ctrip's failure to prevent others from using its intellectual property,
Ctrip's failure to successfully manage current growth and potential future
growth, and other risks outlined in Ctrip's filings with the U.S. Securities
and Exchange Commission, including its annual report on Form 20-F and other
filings. All information provided in this press release and in the attachments
is as of January 8, 2010, and Ctrip does not undertake any obligation to
update any forward-looking statement, except as required under applicable law.
For further information, please contact:
Ctrip.com International, Ltd.
Phone: +86-21-3406-4880 x12920
Ctrip.com International, Ltd.
Phone: +86-21-3406-4880 x12258
SOURCE Ctrip.com International, Ltd.