Global Sources announces shareholders’ approval of Bye-Laws amendment and acquisition by funds affiliated with Blackstone

NEW YORK, July 24, 2017 – Global Sources Ltd (NASDAQ: GSOL) (the “Company”) today announced that, at a special general meeting of shareholders of the Company held on July 24, 2017 (the “SGM”), the Company’s shareholders approved (a) the amendment of Bye-Law 152 of the existing Bye-Laws of the Company and the Company’s adoption of the new Bye-Laws and (b) the acquisition of the Company by funds affiliated with Blackstone (the “acquisition proposal”).

Approximately 89.88% of the Company’s total outstanding common shares (the “Shares”) voted in person or by proxy at the SGM. The acquisition proposal received an affirmative vote of approximately 89.83% of the votes entitled to be cast by the shareholders of the Company, voting together as a single class, being more than 66 2/3% of the votes entitled to be cast by the holders of all the then issued and outstanding Shares of the Company, voting together as a single class, which is required for approving the acquisition proposal.

The parties expect to complete the acquisition as soon as practicable, subject to satisfaction or waiver of the remaining customary closing conditions, including a clearance issued under the PRC Anti-Monopoly Law for approving the acquisition. Upon completion of the acquisition, the Company will become a privately held company and its Shares will no longer be listed on the NASDAQ Global Select Market.