Tudou Announces Resignation of Chief Operating Officer

Tudou Holdings Limited (Nasdaq: TUDO) today announced that Ms. Evelyn Wang has tendered resignation from her position as Chief Operating Officer ("COO") due to personal reasons. Ms. Wang will continue to assist the Company throughout the ongoing merger process with Youku, Inc (NYSE: YOKU) ("Youku"), which remains on track to close during the third quarter of 2012, subject to closing conditions including approvals by Youku's and Tudou's shareholders.

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