A copy of the Amended Proposal Letter is attached hereto as Exhibit A. As a pioneer in China's online dating market, we are committed to addressing the dating and marriage needs of China's rapidly growing urban singles population by providing a trusted, effective platform and a superior user experience. Fame Gain is 100% owned by our chairman, Mr. After the initial message is read, future communications between the same users are free on Jiayuan. According to a survey conducted by iResearch in January 2011, we ranked first in customer satisfaction among our major competitors in China's online dating industry.
Past performance is no guarantee of future results. In addition, we face competition from Internet portals such as Sina. For more information, please visit. Additionally, the installation of their system was seamless and the team to-date has been very responsive in service and answering our questions. We only started charging fees for messaging services provided on our Jiayuan.
Jiayuan also joins a host of Chinese tech companies that have made plans to de-list from the U. A large user base is a major attraction for new users because of the large number of potential companions available to each of our users at their preferred location. Company Description We operate the largest online dating platform in China. Baihe, founded in 2005 by Mu Yan, in a round of Series D funding this past May. Forward-Looking Statements This press release contains forward-looking statements. The Board cautions the Company's shareholders and others considering trading in the Company's securities that no decisions have been made by the Special Committee with respect to the Company's response to any proposal and there can be no assurance that any definitive offer will be made, that any agreement will be executed or that any transaction will be approved or consummated. The dating site claims to have 90 million users in 80 different cities across China.
Shares had jumped as much as 13% earlier in the day. In October 2010 Jiayuan started its wedding planning service, Xique. It not only replaces existing physical, satellite, and closed network distribution systems, but enables content owners to be in full control over the movement of their most valued assets. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our growth strategies; our future business development, including development of new products and services; our ability to attract and retain users; competition in the Chinese online dating markets; changes in our revenues and certain cost or expense items as a percentage of our revenues; the outcome of any litigation or arbitration; the expected growth of the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and online dating websites and general economic conditions in China and elsewhere. In addition, Jiayuan states Vast Profit's proposal letter indicates it expects to complete the acquisition of another 1,805,126 ordinary shares by March 15, 2015. TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. For perspective, Aprilsky is a wholly owned subsidiary of the trustee of Pangu Trust.
As previously announced on May 29, 2015, in addition to the proposal from Vast Profit, the Special Committee has received other non-binding proposals regarding a potential transaction involving the Company. Further information regarding these and other risks is included in our documents filed with the U. Leveraging our brand and national recognition, we have attracted a critical user mass locally in not only first-tier cities, such as Beijing, Shanghai, Guangzhou and Shenzhen, but also in many second-tier cities across China. We have no current plans, proposals or arrangements for any material acquisitions. This means that both senders and receivers can manage their files without specialized hardware or expensive infrastructure.
We employ a results-based pricing model, which we believe distinguishes us from other online dating service providers. If you have any questions or encounter any issues in changing your default settings, please email. She will, however, continue to be a consultant for Jiayuan. Jiayuan may also make written or verbal forward-looking statements in its periodic reports to the U. Active user accounts refer to registered user accounts through which registered users have logged-in to our Jiayuan. Our pricing strategy for the initial message is designed to reach and target the mass market with its affordability. What's happening: Shares of Chinese online dating platform Jiayuan.
It provides a more accountable, effective, and far less costly digital management of broadcast quality media via the cloud. As of March 31, 2011, we had a total of 40. Every two of Jiayuan's American Depositary Shares represent three ordinary shares. Our registered office in the Cayman Islands is P. We intend to continue expanding our user base into other second-tier and third-tier cities. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Linguang Wu, executive director of Jiayuan, will become co-executive of the new company following the closure of the deal.
As opposed to many American Online dating websites, Chinese online dating websites tend to focus on finding a husband or wife. Covestor licenses investment strategies from its Model Managers to establish investment models. The matchup caps of a year of mergers and acquisitions between Chinese tech companies including giants Didi-Kuaidi, Meituan-Dianping and Ganji-58. We believe that the primary competitive factors in creating a successful online community focused on providing serious dating opportunities are functionality, brand recognition, having a critical mass of users, user affinity and loyalty, ease-of-use, quality of service and reliability. Such offline events also promote our national brand name and benefit our online platform.
Gong also resigned from her position as a director of the company today, and will no longer serve as its co-chairman. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Given the nominal cost of a virtual stamp, we believe this feature of our business is recession-resistant and serves as a strong foundation of our revenue model. Jiayuan does not undertake any obligation to update any forward-looking statement, except as required under applicable law. If, at any time, you are interested in reverting to our default settings, please select Default Setting above. When it comes to portfolio moves, we're cold-blooded in our analysis.