On September 18, 2017, Aristeia Capital, L.L.C. issued a statement regarding its decision to nominate 2 independent candidates, Thomas J. Manning and Brett H. Krause, for election to Sina Corporation’s Board of Directors. Aristeia Capital stated that it has spent substantial time and effort over the past two-and-a-half years analyzing Sina’s corporate governance, balance sheet, operations, strategy and competitive landscape. It views that systemic governance shortcomings have not only compounded the valuation discount that exists in Sina’s share price, but have also prevented the Company from adequately evaluating all possible paths to eliminating or reducing this widening gap. Further, Aristeia Capital added that it has created a website, www.SinaShareholdersAction.com, dedicated to its campaign entitled 'Change is Needed at Sina'.