China Real Estate Information Corporation Announces Extraordinary General Meeting of Shareholders

China Real Estate Information Corporation

today announced that it has called an extraordinary general meeting of shareholders, to be held on April 19, 2012 beginning at 10:30 a.m. (Shanghai time) at Room 505, 5/F, Wenwu Building, No. 383 Guangyan Road, Shanghai 200072, People's Republic of China, to consider and vote on the proposal to adopt the previously announced agreement and plan of merger, dated December 28, 2011, by and among E-House (China) Holdings Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands, CRIC (China) Holdings Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of E-House, and CRIC. Under the terms of the Merger Agreement, subject to the approval of the Merger Agreement and the transactions contemplated thereby by CRIC shareholders at the EGM, Merger Sub will be merged with and into CRIC, with CRIC continuing as the surviving entity and as a wholly owned subsidiary of E-House. If the Merger is completed, CRIC will become a privately held company, its American depositary shares ("ADSs") will no longer be listed on the NASDAQ Global Select Market, the American Depositary Shares program for the ADSs will terminate and the ADSs and CRIC shares will cease to be registered under Section 12 of the Securities Exchange Act of 1934. The Company's board of directors, acting upon the unanimous recommendation of the special committee of the Company's board of directors comprised of CRIC directors unaffiliated with E-House or Merger Sub, approved the Merger Agreement and the Merger and resolved to recommend that the Company's shareholders vote to approve the Merger Agreement and the Merger.