Monday 30 November 2020

Chinese e-commerce and financial services business process outsourcing service provider China Customer Relations Centers, Inc's (NASDAQ: CCRC) board of directors has received a preliminary non-binding proposal letter to acquire all of the outstanding shares of the company not already owned by the Buyer Group in a going private transaction for USD 5.37 per share in cash, the company said.

The letter, dated November 27, 2020, was jointly submitted by its founder and chairman of the board, Zhili Wang, Debao Wang, Guoan Xu, Qingmao Zhang, Long Lin, Jishan Sun and their respective affiliated entities.