7 Days Group Holdings Limited Announces Completion of Merger

         7 Days Group Holdings Limited Announces Completion of Merger

PR Newswire

GUANGZHOU, China, July 5, 2013

GUANGZHOU,China, July 5, 2013 /PRNewswire/ -- 7 Days Group Holdings Limited
(NYSE: SVN; "7 Days Group" or the "Company"), a leading economy hotel chain
based in China, today announced the completion of the merger contemplated by
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"). As a result of the merger, the
Company became a wholly owned subsidiary of Parent.

Under the terms of the Merger Agreement, which was approved by the Company's
shareholders at an extraordinary general meeting held on June 26, 2013, all of
the Company's ordinary shares (including ordinary shares represented by
American depositary shares ("ADSs"), each representing three ordinary shares
issued) issued and outstanding immediately prior to the effective time of the
merger have been cancelled in exchange for the right to receive US$4.60 per
ordinary share (a "Share") or US$13.80 per ADS, in each case, in cash, without
interest and net of any applicable withholding taxes, except for (a) certain
Shares held by each of Mr. Boquan He, Mr. Nanyan Zheng, Happy Travel Limited,
Mr. Chien Lee, Ms. Qiong Zhang and Mr. Minjian Shi (collectively, the
"Rollover Shareholders") as set forth in a support agreement, dated as of
February 28, 2013, entered into by the Rollover Shareholders, Holdco and
Parent; (b) Shares (including Shares represented by ADS) beneficially owned by
Parent, the Company or any of their respective subsidiaries; and (c) Shares
reserved for issuance and allocation pursuant to the Company's share incentive
plan, all of which Shares (including ADSs corresponding to such Shares) under
(a), (b) and (c) have been cancelled for no consideration.

Registered shareholders and holders of ADSs entitled to the merger
consideration will receive a letter of transmittal and instructions on how to
surrender their share certificates or the certificates evidencing their ADSs
respectively in exchange for the merger consideration and should wait to
receive the letter of transmittal before surrendering their certificates.
Payment of the merger consideration will be made to surrendering ADS holders
as soon as practicable after Citibank, N.A., the Company's ADS depositary,
receives the merger consideration.

The Company also announced today that it requested that trading of its ADSs on
the New York Stock Exchange (the "NYSE") to be suspended beginning on July 8,
2013. The Company requested that the NYSE file a Form 25 with the Securities
and Exchange Commission (the "SEC") notifying the SEC of the delisting of its
ADSs on the NYSE and the deregistration of the Company's registered
securities. The Company intends to terminate its reporting obligations under
the Securities Exchange Act of 1934, as amended, by promptly filing a Form 15
with the SEC. The Company's obligation to file with the SEC certain reports
and forms, including Form 20-F and Form 6-K, will be suspended immediately as
of the filing date of the Form 15 and will cease once the deregistration
becomes effective.

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
+86-20-8922-5858
IR@7daysinn.cn

Investor Relations (US):
Mahmoud Siddig, Managing Director
Taylor Rafferty
+1 (212) 889-4350
7DaysInn@taylor-rafferty.com

Investor Relations (HK):
Candy Cheung, Senior Consultant
Taylor Rafferty
+852 3196 3712
7DaysInn@taylor-rafferty.com

SOURCE 7 Days Group Holdings Limited

Website: http://www.7daysinn.com
 
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