News Press Releases

Citi Appointed Depositary Bank for Wowo Limited's Sponsored ADR Program

V.ZZE.H | April 15, 2015

Citi, acting through Citibank N.A., has been appointed by Wowo Limited (“WOWO”), as the Depositary Bank for its American Depositary Receipt (“ADR”) program.

WOWO’s ADR program was established in connection with a $40,000,000 initial public offering, originally priced at $10.00 per ADR. The ADRs are listed on the NASDAQ Global Select Market under the symbol “WOWO.” Each ADR represents 18 ordinary shares; however, as a single-listed ADR program, the underlying ordinary shares are not listed or publicly traded in the issuer’s home market.

“Citi is proud to be selected as depositary bank for Wowo Limited’s ADR program,” said Dirk Jones, Head of Global Issuer Services at Citi. “With Citi’s investor relations expertise and unparalleled global presence, we are confident that our powerful platform will help enable the success of Wowo Limited’s ADR program.”

Citi is a leading provider of Depositary Receipt Services. With Depositary Receipt programs in 55 markets, Citi leverages its global network to help companies connect to new markets and raise capital worldwide.

For more information about Citi’s Depositary Receipt Services, please visit www.citi.com/dr.

Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.