Our board of directors received a preliminary non-binding proposal letter dated June 23, 2015 from Yan Tang, our chairman and chief executive officer, Matrix Partners China II Hong Kong Limited, Sequoia Capital China Investment Management L.P. and Huatai Ruilian Fund Management Co., Ltd., or collectively the Buyer Group, to acquire all of our outstanding Class A ordinary shares not already owned by the Buyer Group in a going private transaction for US$18.90 per ADS, or US$9.45 per Class A ordinary share, in cash. Our board of directors formed a special committee consisting of two of our independent directors, namely, Dr. Dave Daqing Qi and Mr. Benson Bing Chung Tam, on June 23, 2015 to consider and evaluate the proposal and any other alternative proposals or other strategic alternatives that may be available to our company, and to negotiate the terms of any potential definitive agreement. On April 5, 2016, Alibaba Investment Limited and Rich Moon Limited joined the Buyer Group for the proposed going private transaction. See “Item 4. Information on the Company—A. History and Development of the Company.” As of April 6, 2016, the Buyer Group and their affiliates beneficially owned an aggregate of approximately 72.6% of all of our company’s issued and outstanding shares, which represented approximately 91.6% of the aggregate voting power of our company. There can be no assurance that the going private transaction will continue to be pursued, approved by sufficient affirmative vote or consummated.//@Fanailing00:回复@weald:阿里超过27%了