7 Days Group Holdings Limited Announces Shareholders' Approval of Merger Agreement

   7 Days Group Holdings Limited Announces Shareholders' Approval of Merger

PR Newswire

GUANGZHOU, China, June 26, 2013

GUANGZHOU, China, June 26, 2013 /PRNewswire/--7 Days Group Holdings Limited
(NYSE: SVN; "7 Days Group" or the "Company"), a leading economy hotel chain
based in China, announced today that, at an extraordinary general meeting held
today, the Company's shareholders voted in favor of the proposal to approve
the previously announced agreement and plan of merger dated February 28, 2013
(the "Merger Agreement"), by and among the Company, Keystone Lodging Company
Limited ("Parent"), Keystone Lodging Acquisition Limited ("Merger Sub") and
Keystone Lodging Holdings Limited ("Holdco"), pursuant to which Merger Sub
will merge with and into the Company with the Company surviving the merger as
a wholly owned subsidiary of Parent (the "Merger"). Approximately 88.3% of the
Company's ordinary shares entitled to vote at the extraordinary general
meeting were voted in person or by proxy with respect to the proposal to
approve and authorize the Merger Agreement and the Cayman Islands plan of
merger and the transactions contemplated by the Merger Agreement, including
the Merger, of which approximately 86.0% voted in favor of such proposal.

Completion of the Merger is subject to the satisfaction or waiver of the
conditions set forth in the Merger Agreement. The Company will work with the
various other parties to the Merger Agreement to satisfy all other conditions
precedent to the Merger set forth in the Merger Agreement and complete the
Merger as quickly as possible. If and when completed, the Merger would result
in the Company becoming a privately held company and its American depositary
shares, each representing three ordinary shares of the Company, would no
longer be listed on the New York Stock Exchange.

About 7 Days Group

7 Days Group is a leading and fast growing national economy hotel chain based
in China. It converts and operates limited service economy hotels across major
metropolitan areas in China under its award-winning "7 Days Inn" brand. The
Company strives to offer consistent and high-quality accommodations and
services primarily to the growing population of value-conscious business and
leisure travelers who demand affordable, clean, comfortable, convenient and
safe lodging, and to respond to its guests' needs.

Cautionary Note About Forward-looking Statements

This document may include certain statements that are not descriptions of
historical facts, but are forward-looking statements. Forward-looking
statements can generally be identified by the use of forward-looking
terminology such as "will," "should," "may," "believes," "expects" or similar
expressions. Such information is based upon expectations of the Company's
management that were reasonable when made but may prove to be incorrect. All
of such assumptions are inherently subject to uncertainties and contingencies
beyond the Company's control and based upon premises with respect to future
business decisions, which are subject to change. The Company does not
undertake any obligation to update any forward-looking statement, except as
required under applicable law.

For further information, please contact:

Investor Contact:

Vivian Chen, Investor Relations Director
7 Days Group Holdings Limited

Investor Relations (US):

Mahmoud Siddig, Managing Director
Taylor Rafferty
+1 (212) 889-4350

Investor Relations (HK):

Candy Cheung, Senior Consultant
Taylor Rafferty
+852 3196 3712

SOURCE 7 Days Group Holdings Limited
Press spacebar to pause and continue. Press esc to stop.