 Gridsum Holding Inc. Gridsum or the Company NASDAQ: GSUM, a leading provider of cloud-based big-data analytics and artificial intelligence AI solutions in China, today announced that its Board of Directors the Board has received a revised non-binding proposal letter, dated May 1, 2020, from Guosheng Qi, Chairman of the Board and the Chief Executive Officer of the Company, Guofa Yu, a director and the Chief Operating Officer of the Company, their respective affiliated entities, Beta Dynamic Limited, Shenzhen Qianhai Banyan Capital Investment Management Co., Ltd and Hangzhou Yutao Capital Co., Ltd collectively, the Consortium Members, proposing to acquire all of the outstanding shares of the Company that are not already owned by the Consortium Members in a going private transaction the Transaction for US2.00 in cash per American depositary share each representing one Class B ordinary share of the Company, or US2.00 in cash per ordinary share. A copy of the revised non-binding proposal letter is attached as Exhibit A to this press release. 