 Acorn International, Inc. NYSE: ATV Acorn or the Company, a leading marketing and branding company in China, today announced that the board of directors of the Company the Board has received on August 17, 2020 US time a preliminary non-binding proposal letter, dated August 17, 2020 the Proposal, from Mr. Robert W. Roche, Executive Chairman of the Company, to acquire all of the outstanding shares of the Company not already owned by the Buyer Vehicle as defined below at US15.22 per American Depositary Share the ADS, each ADS representing twenty ordinary shares or US0.761 per ordinary share in cash, subject to certain conditions the Proposed Acquisition. According to the Proposal, it is anticipated that the Buyer Vehicle or its shareholders will control approximately 75 of the outstanding shares of ordinary shares of the Company. 