09:29     RENREN HOLDINGS<00059> - Announcement (4)                           

    "Placing Agreement"        the conditional placing agreement dated 17     
    May 2005 entered into between the Company and the Placing Agent in        
    relation to the Placing, subject to the terms and conditions contained    
    therein                                                                   
                                                                              
    "Placing Shares"        up to 1,355,000,000 new Shares                    
                                                                              
    "SFC"        the Securities and Futures Commission of Hong Kong           
                                                                              
    "Share(s)"        ordinary share(s) of HK$0.01 each in the share capital  
    of the Company                                                            
                                                                              
    "Shareholder(s)"        holder(s) of the Shares                           
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "Takeovers Code"        Code on Takeovers and Mergers                     
                                                                              
    By Order of the Board of                                                  
    renren Holdings Limited                                                   
    Yu Pan                                                                    
    Chairman                                                                  
                                                                              
    Hong Kong, 17 May 2005                                                    
                                                                              
    As at the date of this announcement, the Board comprises the following    
    directors:                                                                
    Executive Director:                                                       
    Mr. Yu Pan (Chairman)                                                     
    Mr. Mai Zhi Hui                                                           
    Mr. Lau Yat Tung, Derrick                                                 
                                                                              
    Independent Non-executive Director:                                       
    Mr. Choy Shu Kwan                                                         
    Mr. Cheng Wing Keung, Raymond                                             
    Ms. Chung Lai Fong, la Fontaine