 SHANGHAI, June 21, 2021 PRNewswire -- 51job , Inc. Nasdaq : JOBS 51job, or the Company, a leading provider of integrated human resource services in China, announced today that it has entered into a definitive Agreement and Plan of Merger the Merger Agreement with Garnet Faith Limited, an exempted company with limited liability incorporated under the law of the Cayman Islands Merger Sub, pursuant to which, and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company the Merger with the Company being the surviving company Surviving Company, in a transaction implying an equity value of the Company of approximately US5.7 billion in which the Company will be acquired by a consortium of investors the Consortium. Pursuant to the terms of the Merger Agreement, at the effective time of the Merger the Effective Time, each common share, par value US0.0001 per share, of the Company each, a Common Share or a Share issued, outstanding and not represented by American depositary shares of the Company each, an ADS, representing one Common Share immediately prior to the Effective Time, other than the Excluded Shares, the Continuing Shares and the Dissenting Shares each as defined in the Merger Agreement, will be cancelled and cease to exist, in exchange for the right to receive US79.05 in cash per Share without interest the Per Share Merger Consideration, and each outstanding ADS, other than ADSs representing Excluded Shares and Continuing Shares, together with each Share represented by such ADS, will be cancelled in exchange for the right to receive US79.05 in cash per ADS without interest the Per ADS Merger Consideration and, together with the Per Share Merger Consideration, the Merger Consideration. 