Dada Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

Core Viewpoint - Dada Nexus Limited has received a preliminary non-binding proposal from JD.com, Inc. to acquire all outstanding ordinary shares of the Company at a price of US$2.0 per ADS, representing a 42$2.0 per ADS, equivalent to US$0.5 per Ordinary Share [9]. - JD.com, Inc. intends to fund the acquisition with cash from its shareholders and does not anticipate requiring debt financing [10]. - The JD Shareholders currently own more than 60% of the total issued and outstanding Ordinary Shares [8][9]. Group 2: Board and Evaluation Process - The Board of Dada has formed a special committee to evaluate the proposal, consisting of three independent directors [2]. - The special committee will retain independent financial and legal advisors to assist in the evaluation of the proposed transaction [2]. Group 3: Company Overview - Dada Nexus Limited is a leading local on-demand retail and delivery platform in China, operating JD NOW and Dada NOW [4]. - JD NOW is one of China's largest local on-demand retail platforms, while Dada NOW provides delivery services across various industries [4].