Youku Tudou and Tudou Holdings Limited Announce Completion of Merger

Youku Tudou Inc. YOKUand Tudou Holdings Limited TUDOtoday announced the completion of the merger (the "Merger") between Tudou and Two Merger Sub Inc. ("Merger Sub"), a wholly owned subsidiary of Youku, pursuant to the agreement and plan of merger (the "Merger Agreement"), dated March 11, 2012, by and among Youku, Tudou and Merger Sub, and the plan of merger, dated August 23, 2012, between Tudou and Merger Sub. As a result of the Merger, Tudou has become a wholly owned subsidiary of Youku. Youku's name was changed from "Youku Inc." to "Youku Tudou Inc." at the effective time of the Merger. Under the terms of the Merger Agreement, each Tudou