UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13E-3
RULE 13e-3 TRANSACTION STATEMENT
(Pursuant to Section 13(e) of the Securities
Exchange Act of 1934)
Yucheng Technologies Limited
(Name of the Issuer)
Yucheng Technologies Limited
New Sihitech Limited
New Sihitech Acquisition Limited
Weidong Hong
Sihitech Company Limited
Hong Wu
Yun Shi
Dong Wang
Steve Shiping Dai
Rebecca B. Le
Chun Zheng
Xun Yang
Weihua Hong
Lijing Ren
Yanmei Wang
Danhui Ma
Xinmin Yu
(Names of Persons Filing Statement)
Ordinary Shares, no par value
(Title of Class of Securities)
G98777108
(CUSIP Number)
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Yucheng Technologies Limited
Beijing Global Trade Center, Tower
D, Floor 9, 36
North Third Ring Road East, Dongcheng District,
Beijing 100013, People’s Republic of China
Attention: Nannan Lu
Facsimile: (86 10) 5913-7810
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Weidong Hong
New Sihitech Limited
New Sihitech Acquisitions Limited
Sihitech Company Limited
Hong Wu
Yun Shi
Dong Wang
Steve Shiping Dai
Rebecca B. Le
Chun Zheng
Xun Yang
Weihua Hong
Lijing Ren
Yanmei Wang
Danhui Ma
Xinmin Yu
c/o Yucheng Technologies Limited
Beijing Global Trade Center, Tower
D, Floor 9, 36
North Third Ring Road East, Dongcheng
District,
Beijing 100013, People’s
Republic of China
Facsimile: (86 10) 5913-7810
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
With copies to:
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Ling Huang, Esq.
Cleary Gottlieb Steen & Hamilton
LLP
Twin Towers - West 23rd Floor
12 Jianguomenwai Avenue
Chaoyang District, Beijing 100022
People’s Republic of China
(86 10) 5920-1090
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Andrew Hudders, Esq.
Golenbock Eiseman Assor Bell &
Peskoe
437 Madison Avenue - 40th Floor
New York, New York 10022
(212)907-7349
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Peter X. Huang, Esq.
Michael V. Gisser, Esq.
Skadden, Arps, Slate, Meagher
& Flom LLP
30th Floor, China World Office
2
1 Jianguomenwai Avenue
Beijing 100004
People’s Republic of China
(86 10) 6535-5599
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This statement is filed in connection with (check the appropriate
box):
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a
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¨
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The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14-C or Rule 13e-3(c) under the Securities Exchange Act of 1934.
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b
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¨
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The filing of a registration statement under the Securities Act of 1933.
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Check the following box if the soliciting materials or information
statement referred to in checking box (a) are preliminary copies:
¨
Check the following box if the filing is a final amendment reporting
the results of the transaction:
o
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Calculation of Filing Fee
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Transactional Valuation*
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Amount of Filing Fee**
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$ 51,583,295
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$5,911
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* Calculated solely for the purposes
of determining the filing fee in accordance with Rule 0-11(b)(1) under the Securities Exchange Act of 1934, as amended. The filing
fee is calculated based on the aggregate cash payment for the proposed per share cash payment of $3.90 for 13,226,486 outstanding
ordinary shares of the issuer subject to the transaction (the “Transaction Valuation”).
** The amount of the filing fee,
calculated in accordance with Exchange Act Rule 0-11(b)(1) and the Securities and Exchange Commission Fee Rate Advisory #3
for Fiscal Year 2012, was calculated by multiplying the Transaction Valuation by 0.00011460.
¨
Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting
of the fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the
date of its filing.
Amount Previously Paid:
Form or Registration No.:
Filing Party:
Date Filed:
TABLE
OF CONTENTS
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Item 1
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Summary Term Sheet
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2
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Item 2
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Subject Company Information
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2
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Item 3
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Identity and Background of Filing Person
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3
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Item 4
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Terms of the Transaction
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3
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Item 5
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Past Contracts, Transactions, Negotiations and Agreements
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4
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Item 6
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Purposes of the Transaction and Plans or Proposals
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5
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Item 7
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Purposes, Alternatives, Reasons and Effects
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6
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Item 8
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Fairness of the Transaction
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8
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Item 9
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Reports, Opinions, Appraisals and Negotiations
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9
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Item 10
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Source and Amount of Funds or Other Consideration
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10
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Item 11
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Interest in Securities of the Subject Company
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10
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Item 12
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The Solicitation or Recommendation
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11
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Item 13
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Financial Statements
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11
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Item 14
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Persons/Assets, Retained, Employed, Compensated or Used
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12
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Item 15
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Additional Information
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12
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Item 16
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Exhibits
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12
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INTRODUCTION
This Rule 13E-3 transaction statement on
Schedule 13E-3, together with the exhibits hereto (this “Transaction Statement”), is being filed with the Securities
and Exchange Commission (the “SEC”) pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), jointly by the following persons (each, a “Filing Person,” and collectively, the “Filing
Persons”): (a) Yucheng Technologies Limited, a British Virgin Islands business company (the “Company”), the issuer
of the registered ordinary shares, having no par value (each, a “share” and collectively, the “shares”),
that is subject to the transaction pursuant to Rule 13e-3 under the Exchange Act; (b) Mr. Weidong Hong, the chairman and chief
executive officer of the Company (“Mr. Hong”); (c) Sihitech Company Limited, a British Virgin Islands business company
wholly owned by Mr. Hong; (d) Hong Wu, the wife of Mr. Hong and an operational manager of the Company; (e) Yun Shi; (f) Dong Wang;
(g) Steve Shiping Dai, the chief financial officer of the Company; (h) Rebecca B. Le, the wife of Mr. Steve Shiping Dai; (i) Chun
Zheng, a senior vice president of the Company; (j) Xun Yang, a strategic account sales manager of the company; (k) Weihua Hong,
a cousin of Mr. Hong and a sales officer of the Company; (l) Lijing Ren, a senior vice president of the Company; (m) Yanmei Wang,
a vice president of the Company; (n) Danhui Ma, the wife of Xun Yang; (o) Xinmin Yu, an operational manager of the Company; (p)
New Sihitech Limited, a British Virgin Islands business company (“Parent”) and (q) New Sihitech Acquisition Limited,
a British Virgin Islands business company and wholly owned subsidiary of Parent (“Merger Sub”). The Filing Persons,
with the exception of the Company, are collectively referred to in this Schedule 13E-3 as the “Buyer Group”.
On August 13, 2012, Parent, Merger Sub and
the Company entered into an agreement and plan of merger (the “merger agreement”), providing for the merger of Merger
Sub with and into the Company (the “merger”), with the Company continuing as the surviving company after the merger.
Following the merger, the Company will be owned by Parent and the Rollover Shareholders (as defined below). Parent and Merger Sub
are beneficially owned by Mr. Hong.
Under the terms of the merger agreement,
at the effective time of the merger, each outstanding share, other than (a) the shares owned by Mr. Hong and his affiliate Sihitech
Company Limited, which will be cancelled for no consideration (“Founder Shares”), (b) the shares owned by certain employees,
officers and other shareholders of the Company, including Yun Shi, Dong Wang, Hong Wu, Weihua Hong, Steve Shiping Dai, Xun Yang,
Chun Zheng, Lijing Ren, Yanmei Wang, Danhui Ma, Rebecca B. Le and Xinmin Yu (collectively, the “Rollover Shareholders”),
which will remain outstanding and survive the merger (the “Rollover Shares”) and (c) any shares beneficially owned
by shareholders who have validly exercised and have not effectively withdrawn or lost their appraisal rights pursuant to Section
179 of the BVI Business Companies Act, as amended (the “BVI Business Companies Act”) (the “Dissenting Shares),
will be cancelled in exchange for the right to receive $3.90 in cash without interest and net of any applicable withholding taxes.
The Founder Shares will be cancelled for no consideration. The Rollover Shares will not receive any consideration and will remain
outstanding following the merger. The Dissenting Shares will be cancelled for their appraised or other agreed value as described
in more detail below.
The merger is subject to the satisfaction
or waiver of the conditions set forth in the merger agreement, including obtaining the requisite approval of the shareholders of
the Company. The merger agreement must be approved by an affirmative vote of shareholders representing two-thirds or more of the
shares present and voting in person or by proxy as a single class at the extraordinary general meeting of shareholders of the Company.
The Company will make available to its shareholders
a proxy statement (the “Proxy Statement,” a copy of which is attached as Exhibit (a)-(1) to this Transaction Statement),
relating to the extraordinary general meeting of shareholders of the Company, at which the shareholders of the Company will consider
and vote upon, among other proposals, a proposal to approve the merger agreement and the transactions contemplated by the merger
agreement, including the merger. As of the date hereof, the Proxy Statement is in preliminary form and is subject to completion.
The cross-references below are being supplied
pursuant to General Instruction G to Schedule 13E-3 and show the location in the Proxy Statement of the information required to
be included in response to the items of Schedule 13E-3. Pursuant to General Instruction F to Schedule 13E-3, the information contained
in the Proxy Statement, including all annexes thereto, is incorporated in its entirety herein by this reference, and the responses
to each item in this Schedule 13E-3 are qualified in their entirety by the information contained in the Proxy Statement and the
annexes thereto. Capitalized terms used but not defined in this Transaction Statement shall have the meanings given to them in
the Proxy Statement.
All information contained in this Transaction
Statement concerning each Filing Person has been supplied by such Filing Person. No Filing Person, including the Company, has produced
any disclosure with respect to any other Filing Person.
The filing of this Transaction Statement
shall not be construed as an admission by any Filing Person, or by any affiliate of a Filing Person, that the Company is “controlled”
by any other Filing Person, or that any other Filing Person is an “affiliate” of the Company within the meaning of
Rule 13e-3 under Section 13(e) of the Exchange Act.
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Item 1
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Summary Term Sheet
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The information set forth in the Proxy Statement
under the following captions is incorporated herein by reference:
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“Questions and Answers about the Extraordinary General Meeting and the Merger”
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Item 2
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Subject Company Information
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(a)
Name
and Address
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
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“Summary Term Sheet—The Parties Involved in the Merger”
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(b)
Securities
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The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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“The Extraordinary General Meeting—Record Date; Shares Entitled to Vote”
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“Security Ownership of Certain Beneficial Owners and Management of the Company”
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(c)
Trading
Market and Price
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
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“Market Price of the Company’s Shares, Dividends and Other Matters”
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(d)
Dividends
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The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
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“Market Price of the Company’s Shares, Dividends and Other Matters”
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(e)
Prior
Public Offering
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
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“Transactions in the Shares”
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(f)
Prior
Stock Purchases
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
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“Transactions in the Shares”
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Item 3
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Identity and Background of Filing Person
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(a)
Name
and Address
. Yucheng Technologies Limited is the subject company. The information set forth in the Proxy Statement under the
following captions is incorporated herein by reference:
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“Summary Term Sheet—The Parties Involved in the Merger”
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“Annex D—Directors and Executive Officers of Each Filing Person”
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(b)
Business
and Background of Entities
. The information set forth in the Proxy Statement under the following captions is incorporated herein
by reference:
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“Summary Term Sheet—The Parties Involved in the Merger”
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“Annex D—Directors and Executive Officers of Each Filing Person”
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(c)
Business
and Background of Natural Persons
. The information set forth in the Proxy Statement under the following captions is incorporated
herein by reference:
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“Summary Term Sheet—The Parties Involved in the Merger”
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“Annex D—Directors and Executive Officers of Each Filing Person”
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Item 4
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Terms of the Transaction
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(a)-(1)
Material
Terms —Tender Offers
. Not applicable.
(a)-(2)
Material
Terms—Mergers or Similar Transactions
. The information set forth in the Proxy Statement under the following captions
is incorporated herein by reference:
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“Questions and Answers about the Extraordinary General Meeting and the Merger”
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“The Extraordinary General Meeting”
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“The Merger Agreement and Plan of Merger”
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“Material U.S. Federal Income Tax Consequences”
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“Material PRC Income Tax Consequences”
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“Material British Virgin Islands Tax Consequences”
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“Annex A—Agreement and Plan of Merger”
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(c)
Different
Terms
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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“Summary Term Sheet—Share Ownership of the Company Directors and Officers and Voting Commitments”
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“Special Factors—Interests of Certain Persons in the Merger”
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“Special Factors—Financing—Rollover Transactions”
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“The Extraordinary General Meeting—Proposals to be Considered at the Extraordinary General Meeting”
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“The Extraordinary General Meeting—Shareholder Vote Required to Approve the Merger Agreement”
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“The Merger Agreement and Plan of Merger”
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“Annex A—Agreement and Plan of Merger”
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(d)
Appraisal
Rights
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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“Summary Term Sheet—Appraisal Rights of Shareholders”
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“Questions and Answers about the Extraordinary General Meeting and the Merger”
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“Annex C—British Virgin Islands Business Companies Act, 2004 – Section 179”
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(e)
Provisions
for Unaffiliated Security Holders
. The information set forth in the Proxy Statement under the following caption is incorporated
herein by reference:
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“Provisions for Unaffiliated Security Holders”
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(f)
Eligibility
of Listing or Trading
. Not applicable.
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Item 5
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Past Contracts, Transactions, Negotiations and Agreements
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(a)
Transactions
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The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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“Special Factors—Interests of Certain Persons in the Merger”
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“Special Factors—Related Party Transactions”
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“Transactions in the Shares”
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(b)
Significant
Corporate Events
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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“Special Factors—Background of the Merger”
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“Special Factors—Reasons for the Merger and Recommendation of the Independent Committee and Our Board of Directors”
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“Special Factors—Purpose of and Reasons for the Merger”
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“Special Factors—Interests of Certain Persons in the Merger”
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“The Merger Agreement and Plan of Merger”
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“Annex A—Agreement and Plan of Merger”
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(c)
Negotiations
or Contacts
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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“Special Factors—Background of the Merger”
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“Special Factors—Interests of Certain Persons in the Merger”
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“The Merger Agreement and Plan of Merger”
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“Annex A—Agreement and Plan of Merger”
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(e)
Agreements
Involving the Subject Company’s Securities
. The information set forth in the Proxy Statement under the following captions
is incorporated herein by reference:
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“Summary Term Sheet—Financing of the Merger”
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“Special Factors—Background of the Merger”
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“Special Factors—Plans for the Company after the Merger”
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“Special Factors—Financing”
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“Special Factors—Interests of Certain Persons in the Merger”
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“Special Factors—Voting by the Buyer Group at the Extraordinary General Meeting”
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“The Merger Agreement and Plan of Merger”
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“Transactions in the Shares”
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“Annex A—Agreement and Plan of Merger”
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Item 6
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Purposes of the Transaction and Plans or Proposals
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(b)
Use
of Securities Acquired
. The information set forth in the Proxy Statement under the following captions is incorporated herein
by reference:
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“Questions and Answers about the Extraordinary General Meeting and the Merger”
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“Special Factors—Effect of the Proposed Merger on the Company”
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“The Merger Agreement and Plan of Merger”
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“Annex A—Agreement and Plan of Merger”
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(c)(1)-(8)
Plans
. The information
set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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“Summary Term Sheet—The Merger”
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“Summary Term Sheet—Purposes and Effect of the Merger”
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“Summary Term Sheet—Plans for the Company after the Merger”
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“Summary Term Sheet—Financing of the Merger”
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“Summary Term Sheet—Share Ownership of the Company Directors and Officers and Voting Commitments”
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“Special Factors—Background of the Merger”
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“Special Factors—Reasons for the Merger and Recommendation of the Independent Committee and Our Board of Directors”
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“Special Factors—Purposes and Reasons of the Buyer Group for the Merger”
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“Special Factors—Effect of the Proposed Merger on the Company”
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“Special Factors—Plans for the Company after the Merger”
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“Special Factors—Financing”
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“Special Factors—Interests of Certain Persons in the Merger”
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“The Merger Agreement and Plan of Merger”
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•
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“Annex A—Agreement and Plan of Merger”
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Item 7
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Purposes, Alternatives, Reasons and Effects
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(a)
Purposes
.
The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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“Summary Term Sheet—Purposes and Effect of the Merger”
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“Summary Term Sheet—Plans for the Company after the Merger”
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“Special Factors—Reasons for the Merger and Recommendation of the Independent Committee and Our Board of Directors”
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“Special Factors—Purposes and Reasons of the Buyer Group for the Merger”
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(b)
Alternatives
.
The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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“Special Factors—Background of the Merger”
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“Special Factors—Reasons for the Merger and Recommendation of the Independent Committee and Our Board of Directors”
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“Special Factors—Position of the Buyer Group as to the Fairness of the Merger”
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“Special Factors—Purposes and Reasons of the Buyer Group for the Merger”
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“Special Factors—Alternatives to the Merger”
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“Special Factors—Effects on the Company if the Merger is not Completed”
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(c)
Reasons
.
The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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•
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“Summary Term Sheet—Purposes and Effect of the Merger”
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•
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“Special Factors—Background of the Merger”
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•
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“Special Factors—Reasons for the Merger and Recommendation of the Independent Committee and Our Board of Directors”
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•
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“Special Factors—Purposes and Reasons of the Buyer Group for the Merger”
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•
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“Special Factors—Effect of the Proposed Merger on the Company”
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(d)
Effects
.
The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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•
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“Summary Term Sheet—Purposes and Effect of the Merger”
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•
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“Special Factors—Background of the Merger”
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•
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“Special Factors—Reasons for the Merger and Recommendation of the Independent Committee and Our Board of Directors”
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•
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“Special Factors—Purposes and Reasons of the Buyer Group for the Merger”
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•
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“Special Factors—Effect of the Proposed Merger on the Company”
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•
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“Special Factors—Plans for the Company after the Merger”
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•
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“Special Factors—Effects on the Company if the Merger is not Completed”
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•
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“Special Factors—Interests of Certain Persons in the Merger”
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•
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“The Merger Agreement and Plan of Merger”
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•
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“Material U.S. Federal Income Tax Consequences”
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•
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“Material PRC Income Tax Consequences”
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•
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“Material British Virgin Islands Tax Consequences”
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•
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“Annex A—Agreement and Plan of Merger”
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Item 8
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Fairness of the Transaction
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(a)-(b)
Fairness;
Factors Considered in Determining Fairness
. The information set forth in the Proxy Statement under the following captions is
incorporated herein by reference:
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•
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“Summary Term Sheet—Recommendations of the Independent Committee and the Board of Directors”
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•
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“Summary Term Sheet—Position of Buyer Group as to Fairness”
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•
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“Summary Term Sheet—Share Ownership of the Company Directors and Officers and Voting Commitments”
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•
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“Special Factors—Background of the Merger”
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•
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“Special Factors—Reasons for the Merger and Recommendation of the Independent Committee and Our Board of Directors”
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•
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“Special Factors—Position of the Buyer Group as to the Fairness of the Merger”
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•
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“Special Factors—Opinion of Roth, the Independent Committee’s Financial Advisor”
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•
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“Special Factors—Interests of Certain Persons in the Merger”
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•
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“Annex B—Opinion of ROTH Capital Partners, LLC. as the Independent Committee’s Financial Advisor”
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(c)
Approval
of Security Holders
. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference:
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•
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“Summary Term Sheet—Shareholder Vote Required to Approve the Merger Agreement”
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•
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“Questions and Answers about the Extraordinary General Meeting and the Merger”
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•
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“The Extraordinary General Meeting—Shareholder Vote Required to Approve the Merger Agreement”
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(d)
Unaffiliated
Representative
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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•
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“Special Factors—Background of the Merger”
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•
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“Special Factors—Reasons for the Merger and Recommendation of the Independent Committee and Our Board of Directors”
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•
|
“Special Factors—Opinion of Roth, the Independent Committee’s Financial Advisor”
|
|
|
•
|
“Annex B—Opinion of ROTH Capital Partners, LLC as the Independent Committee’s Financial Advisor”
|
(e)
Approval
of Directors
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
|
|
•
|
“Summary Term Sheet—Recommendations of the Independent Committee and the Board of Directors”
|
|
|
•
|
“Questions and Answers about the Extraordinary General Meeting and the Merger”
|
|
|
•
|
“Special Factors—Background of the Merger”
|
|
|
•
|
“Special Factors—Reasons for the Merger and Recommendation of the Independent Committee and Our Board of Directors”
|
(f)
Other
Offers
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
|
|
•
|
“Special Factors—Background of the Merger”
|
|
|
•
|
“Special Factors—Reasons for the Merger and Recommendation of the Independent Committee and Our Board of Directors”
|
|
Item 9
|
Reports, Opinions, Appraisals and Negotiations
|
(a)
Report,
Opinion or Appraisal
. The information set forth in the Proxy Statement under the following captions is incorporated herein
by reference:
|
|
•
|
“Summary Term Sheet—Opinion of Roth, the Independent Committee’s Financial Advisor”
|
|
|
•
|
“Special Factors—Background of the Merger”
|
|
|
•
|
“Special Factors—Opinion of Roth, the Independent Committee’s Financial Advisor”
|
|
|
•
|
“Annex B—Opinion of ROTH Capital Partners, LLC as the Independent Committee’s Financial Advisor”
|
(b)
Preparer
and Summary of the Report, Opinion or Appraisal
. The information set forth in the Proxy Statement under the following captions
is incorporated herein by reference:
|
|
•
|
“Special Factors—Opinion of Roth, the Independent Committee’s Financial Advisor”
|
|
|
•
|
“Annex B—Opinion of ROTH Capital Partners, LLC as the Independent Committee’s Financial Advisor”
|
(c)
Availability
of Documents
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
|
•
|
“Where You Can Find More Information”
|
The reports, opinions or appraisals referenced
in this Item 9 will be made available for inspection and copying at the principal executive offices of the Company during its regular
business hours by any interested holder of shares of the Company or his, her or its representative who has been so designated in
writing.
|
Item 10
|
Source and Amount of Funds or Other Consideration
|
(a)
Source
of Funds
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
|
|
•
|
“Summary Term Sheet—Financing of the Merger”
|
|
|
•
|
“Special Factors—Financing”
|
|
|
•
|
“The Merger Agreement and Plan of Merger”
|
|
|
•
|
“Annex A—Agreement and Plan of Merger”
|
(b)
Conditions
.
The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
|
|
•
|
“Summary Term Sheet—Financing of the Merger”
|
|
|
•
|
“Special Factors—Financing”
|
(c)
Expenses
.
The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
|
•
|
“Special Factors—Fees and Expenses”
|
(d)
Borrowed
Funds.
The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
|
|
•
|
“Summary Term Sheet—Financing of the Merger”
|
|
|
•
|
“Special Factors—Financing”
|
|
Item 11
|
Interest in Securities of the Subject Company
|
(a)
Securities
Ownership
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
|
|
•
|
“Summary Term Sheet—Share Ownership of the Company Directors and Officers and Voting Commitments”
|
|
|
•
|
“Special Factors—Interests of Certain Persons in the Merger”
|
|
|
•
|
“Security Ownership of Certain Beneficial Owners and Management of the Company”
|
(b)
Securities
Transaction
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
|
•
|
“Transactions in the Shares”
|
|
Item 12
|
The Solicitation or Recommendation
|
(d)
Intent
to Tender or Vote in a Going-Private Transaction
. The information set forth in the Proxy Statement under the following captions
is incorporated herein by reference:
|
|
•
|
“Summary Term Sheet—Share Ownership of the Company Directors and Officers and Voting Commitments”
|
|
|
•
|
“Questions and Answers about the Extraordinary General Meeting and the Merger”
|
|
|
•
|
“Special Factors—Voting by the Buyer Group at the Extraordinary General Meeting”
|
|
|
•
|
“The Extraordinary General Meeting—Vote Required”
|
|
|
•
|
“Security Ownership of Certain Beneficial Owners and Management of the Company”
|
(e)
Recommendations
of Others
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
|
|
•
|
“Summary Term Sheet—Recommendations of the Independent Committee and the Board of Directors”
|
|
|
•
|
“Summary Term Sheet—Position of Buyer Group as to Fairness”
|
|
|
•
|
“Summary Term Sheet—Share Ownership of the Company Directors and Officers and Voting Commitments”
|
|
|
•
|
“Special Factors—Reasons for the Merger and Recommendation of the Independent Committee and Our Board of Directors”
|
|
|
•
|
“Special Factors—Position of the Buyer Group as to the Fairness of the Merger”
|
|
|
•
|
“The Extraordinary General Meeting—Our Board’s Recommendation”
|
|
Item 13
|
Financial Statements
|
(a)
Financial
Information
. The audited financial statements of the Company for the two years ended December 31, 2010 and 2011 are incorporated
herein by reference to the Company’s Form 20-F for the year ended December 31, 2011 filed on April 27, 2012 (see page F-1
and following pages).
The information set forth in the Proxy Statement
under the following captions is incorporated herein by reference:
|
|
•
|
“Financial Information”
|
|
|
•
|
“Where You Can Find More Information”
|
(b) Pro
Forma Information. Not applicable.
|
Item 14
|
Persons/Assets, Retained, Employed, Compensated or Used
|
(a)
Solicitation
or Recommendations
. The information set forth in the Proxy Statement under the following caption is incorporated herein by
reference:
|
|
•
|
“The Extraordinary General Meeting—Solicitation of Proxies”
|
(b)
Employees
and Corporate Assets
. The information set forth in the Proxy Statement under the following captions is incorporated herein
by reference:
|
|
•
|
“Summary Term Sheet—The Parties Involved in the Merger”
|
|
|
•
|
“Special Factors—Interests of Certain Persons in the Merger”
|
|
|
•
|
“Annex D—Directors and Executive Officers of Each Filing Person”
|
|
Item 15
|
Additional Information
|
(b)
Other
Material Information
. The information contained in the Proxy Statement, including all annexes thereto, is incorporated herein
by reference.
(a)-(1) Proxy Statement of the Company dated
_____, 2012.
(a)-(2) Notice of Extraordinary General
Meeting of Shareholders of the Company, incorporated herein by reference to the Proxy Statement.
(a)-(3) Form of Proxy Card, incorporated
herein by reference to the Proxy Statement.
(a)-(4) Press Release issued by the Company,
dated May 21, 2012, incorporated herein by reference to Exhibit 99.1 to the Current Report on Form 6-K furnished by the Company
to the SEC on May 21, 2012.
(a)-(5) Press Release issued by the Company,
dated June 1, 2012, incorporated herein by reference to Exhibit 99.1 to the Current Report on Form 6-K furnished by the Company
to the SEC on June 1, 2012.
(a)-(6) Press Release issued by the Company,
dated August 13, 2012, incorporated herein by reference to Exhibit 99.1 to the Current Report on Form 6-K furnished by the Company
to the SEC on August 13, 2012.
(b)-(1) Equity Commitment Letter, dated
August 13, 2012, between Mr. Weidong Hong and Parent incorporated herein by reference to Exhibit 7.03 to Schedule 13D filed with
the SEC on August 15, 2012.
(b)-(2) Exchangeable Notes Subscription
Agreement, dated August 13, 2012, by among Mr. Weidong Hong, CSOF FinTech Limited, CEL FinTech Limited and Parent, incorporated
herein by reference to Exhibit 7.04 to Schedule 13D filed with the SEC on August 13, 2012.
(c)-(1) Opinion of ROTH Capital Partners,
LLC, dated August 9, 2012, incorporated herein by reference to Annex B to the Proxy Statement.
(c)-(2) Discussion Materials prepared by
ROTH Capital Partners, LLC for discussion with the Independent Committee, dated August 9, 2012.
(d)-(1) Agreement and Plan of Merger, dated
as of August 13, 2012, among the Company, Parent and Merger Sub, incorporated herein by reference to Annex A to the Proxy Statement.
(d)-(2) Limited Guaranty, dated as of August
13, 2012, by Mr. Weidong Hong in favor of the Company, incorporated herein by reference to Exhibit 7.07 to Schedule 13D filed with
the SEC on August 13, 2012.
(d)-(3) Contribution Agreement, dated as
of August 13, 2012, by and among Mr. Weidong Hong, Sihitech Company Limited and the Rollover Shareholders, incorporated herein
by reference to Exhibit 7.05 to Schedule 13D filed with the SEC on August 13, 2012.
(d)-(4) Voting Agreement, dated as of August
13, 2012, by and among Mr. Weidong Hong, Sihitech Company Limited and certain of the Rollover Shareholders, incorporated herein
by reference to Exhibit 7.06 to Schedule 13D filed with the SEC on August 13, 2012.
(f)-(1) Dissenters’ Rights, incorporated
herein by reference to the section entitled “ Dissenters’ Rights” in the Proxy Statement.
(f)-(2) Section 179 of the BVI Business
Companies Act, 2004, as amended, incorporated herein by reference to Annex C to the Proxy Statement.
(g) Not applicable.
SIGNATURES
After due inquiry and to the best of my
knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: August 24, 2012
|
|
Yucheng Technologies Limited
|
|
|
|
|
|
By:
|
/s/ Yingjun Li
|
|
|
|
|
|
|
Name:
|
Yingjun Li
|
|
|
|
|
|
|
Title:
|
Director
|
|
|
Sihitech Company Limited
|
|
|
|
|
|
By:
|
/s/ Weidong Hong
|
|
|
|
|
|
|
Name:
|
Weidong Hong
|
|
|
|
|
|
|
Title:
|
Director
|
|
|
New Sihitech Limited
|
|
|
|
|
|
By:
|
/s/ Weidong Hong
|
|
|
|
|
|
|
Name:
|
Weidong Hong
|
|
|
|
|
|
|
Title:
|
Director
|
|
|
New Sihitech Acquisition Limited
|
|
|
|
|
|
By:
|
/s/ Weidong Hong
|
|
|
|
|
|
|
Name:
|
Weidong Hong
|
|
|
|
|
|
|
Title:
|
Director
|
|
|
By:
|
/s/ Weidong Hong
|
|
|
|
|
|
|
Name:
|
Weidong Hong
|
|
|
By:
|
/s/ Hong Wu
|
|
|
|
|
|
|
Name:
|
Hong Wu
|
|
|
By:
|
/s/ Yun Shi
|
|
|
|
|
|
|
Name:
|
Yun Shi
|
|
|
By:
|
/s/ Dong Wang
|
|
|
|
|
|
|
Name:
|
Dong Wang
|
|
|
By:
|
/s/ Steve Shiping Dai
|
|
|
|
|
|
|
Name:
|
Steve Shiping Dai
|
|
|
By:
|
/s/ Rebecca B. Le
|
|
|
|
|
|
|
Name:
|
Rebecca B. Le
|
|
|
By:
|
/s/ Chun Zheng
|
|
|
|
|
|
|
Name:
|
Chun Zheng
|
|
|
By:
|
/s/ Xun Yang
|
|
|
|
|
|
|
Name:
|
Xun Yang
|
|
|
By:
|
/s/ Weihua Hong
|
|
|
|
|
|
|
Name:
|
Weihua Hong
|
|
|
By:
|
/s/ Lijing Ren
|
|
|
|
|
|
|
Name:
|
Lijing Ren
|
|
|
By:
|
/s/ Yanmei Wang
|
|
|
|
|
|
|
Name:
|
Yanmei Wang
|
|
|
By:
|
/s/ Danhui Ma
|
|
|
|
|
|
|
Name:
|
Danhui Ma
|
|
|
By:
|
/s/ Xinmin Yu
|
|
|
|
|
|
|
Name:
|
Xinmin Yu
|
Exhibit Index
(a)-(1) Proxy Statement of the Company dated _____, 2012.
(a)-(2) Notice of Extraordinary General Meeting of Shareholders
of the Company, incorporated herein by reference to the Proxy Statement.
(a)-(3) Form of Proxy Card, incorporated herein by reference
to the Proxy Statement.
(a)-(4) Press Release issued by the Company, dated May 21, 2012,
incorporated herein by reference to Exhibit 99.1 to the Current Report on Form 6-K furnished by the Company to the SEC on May 21,
2012.
(a)-(5) Press Release issued by the Company, dated June 1, 2012,
incorporated herein by reference to Exhibit 99.1 to the Current Report on Form 6-K furnished by the Company to the SEC on June
1, 2012.
(a)-(6) Press Release issued by the Company, dated August 13,
2012, incorporated herein by reference to Exhibit 99.1 to the Current Report on Form 6-K furnished by the Company to the SEC on
August 13, 2012.
(b)-(1) Equity Commitment Letter, dated August 13, 2012, between
Mr. Weidong Hong and Parent incorporated herein by reference to Exhibit 7.03 to Schedule 13D filed with the SEC on August 15, 2012.
(b)-(2) Exchangeable Notes Subscription Agreement, dated August
13, 2012, by among Mr. Weidong Hong, CSOF FinTech Limited, CEL FinTech Limited and Parent, incorporated herein by reference to
Exhibit 7.04 to Schedule 13D filed with the SEC on August 15, 2012.
(c)-(1) Opinion of ROTH Capital Partners, LLC, dated August
9, 2012, incorporated herein by reference to Annex B to the Proxy Statement.
(c)-(2) Discussion Materials prepared by ROTH Capital Partners,
LLC for discussion with the Independent Committee, dated August 9, 2012.
(d)-(1) Agreement and Plan of Merger, dated as of August 13,
2012, among the Company, Parent and Merger Sub, incorporated herein by reference to Annex A to the Proxy Statement.
(d)-(2) Limited Guaranty, dated as of August 13, 2012, by Mr.
Weidong Hong in favor of the Company, incorporated herein by reference to Exhibit 7.07 to Schedule 13D filed with the SEC on August
15, 2012.
(d)-(3) Contribution Agreement, dated as of August 13, 2012,
by and among Mr. Weidong Hong, Sihitech Company Limited and the Rollover Shareholders, incorporated herein by reference to Exhibit
7.05 to Schedule 13D filed with the SEC on August 15, 2012.
(d)-(4) Voting Agreement, dated as of August 13, 2012, by and
among Mr. Weidong Hong, Sihitech Company Limited and certain of the Rollover Shareholders, incorporated herein by reference to
Exhibit 7.06 to Schedule 13D filed with the SEC on August 15, 2012.
(f)-(1) Dissenters’ Rights, incorporated herein by reference
to the section entitled “ Dissenters’ Rights” in the Proxy Statement.
(f)-(2) Section 179 of the BVI Business Companies Act, 2004,
as amended, incorporated herein by reference to Annex C to the Proxy Statement.
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