TKK Symphony Acquisition Corporation Announces Further Extension of Expiration Date of Tender Offer for its Ordinary Shares

Beijing, Jan. 23, 2020 (GLOBE NEWSWIRE) --  TKK Symphony Acquisition Corporation (Nasdaq: TKKS) (“TKK” or the “Company”) today announced that it has further extended the expiration date of its previously announced tender offer to purchase up to 25,000,000 ordinary shares at a purchase price of $10.28 per share in cash plus a contingent cash payment equal to a pro rata portion of any additional accrued interest remaining in the Company’s trust account in excess of $10.28 per share. The offer is being made in connection with the Company’s previously announced merger with Glory Star New Media Group Limited, a Cayman Islands exempted company. As amended, the tender offer will now expire at 5:00 p.m. New York City time, on Monday, February 10, 2020, unless further extended or earlier terminated.

Continental Stock Transfer & Trust Company, the depositary for the tender offer, has advised TKK that, as of 5:00 p.m., New York City time, on Thursday, January 23, 2020, an aggregate of 24,560,639 ordinary shares were properly tendered and not properly withdrawn. TKK shareholders who have already tendered their ordinary shares do not need to re-tender their shares or take any other action as a result of the extension of the expiration date of the tender offer. TKK shareholders may withdraw shares they have previously tendered at any time prior to the extended expiration date of the tender offer.

Complete terms and conditions of the tender offer can be found in the Second Amended and Restated Offer to Purchase, the related Letter of Transmittal and certain other materials contained in the Company’s tender offer statement on Schedule TO originally filed with the U.S. Securities and Exchange Commission (“SEC”) on October 17, 2019, as may be further amended from time to time (the “Offer to Purchase”), and available at www.sec.gov. Except as described in this news release, the terms of the tender offer remain the same as set forth in the Offer to Purchase and in the related Letter of Transmittal.

Copies of the Offer to Purchase, the related Letter of Transmittal and other materials related to the tender offer may be obtained for free from the information agent, Morrow Sodali LLC, at [phone]. Banks and brokers may call the information agent at [phone]. The depositary for the tender offer is Continental Stock Transfer & Trust Company.

About TKK Symphony Acquisition Corporation

TKK Symphony Acquisition Corporation is a blank check company incorporated on February 5, 2018 as a Cayman Islands exempted company and formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Led by Chairman and Chief Executive Officer Sing Wang, TKK Symphony consummated an initial public offering on Nasdaq on August 20, 2018, raising aggregate gross proceeds of $250,000,000.