This official website is maintained by the Claims Administrator supervised by Plaintiffs' Class Counsel in the action entitled St. John v. Cloopen Group Holding Limited, et al., Index No. 652617/2021 (the “State Action”) pending in the Supreme Court of the State of New York, County of New York, Commercial Division (the “Court” or “State Court”) and (ii) Dong v. Cloopen Group Holding Limited, et. al., Case No. 1:21-cv-10610-JGK-RWL (S.D.N.Y.) (the “Federal Action”), filed in the U.S. District Court for the Southern District of New York (the “Federal Court”).
PROOF OF CLAIM AND RELEASE FORM
A. GENERAL INSTRUCTIONS
1. To recover as a Settlement Class Member based on the claims in the action entitled St. John v. Cloopen Group Holding Limited, et al., Index No. 652617/2021 (the “State Action”); or in the related action captioned Dong v. Cloopen Group Holding Limited,et. al., Case No. 1:21-cv-10610-JGK (S.D.N.Y.) (the “Federal Action” and, collectively with the State Action, the “Actions”), you must complete and sign this Proof of Claim. If you fail to file a properly addressed Proof of Claim (as set forth in ¶3 below), your claim may be rejected and you may be precluded from any recovery from the Net Settlement Fund created in connection with the proposed Settlement.2. Submission of this Proof of Claim, however, does not ensure that you will share in the proceeds of the Settlement.
3. YOU MUST MAIL OR SUBMIT ONLINE YOUR COMPLETED AND SIGNED PROOF OF CLAIM, ACCOMPANIED BY COPIES OF THE DOCUMENTS REQUESTED HEREIN, ON OR BEFORE FEBRUARY 14, 2024, ADDRESSED AS FOLLOWS:
Cloopen Securities Litigation
Claims Administrator
c/o A.B. Data, Ltd.
P.O. Box 173025
Milwaukee, WI 53217
If you are a Settlement Class Member and you do not timely request exclusion, you are bound by the terms of any judgment entered in the State Action, including the releases provided therein, WHETHER OR NOT YOU SUBMIT A PROOF OF CLAIM.
B. CLAIMANT IDENTIFICATION
You are a member of the Settlement Class if you purchased or otherwise acquired American Depositary Shares (“ADS(s)”) of Cloopen Group
Holding Limited (“Cloopen” or the “Company”) (NYSE ticker: RAAS) (a) pursuant or traceable to the F-1 registration statement (including
all amendments made thereto) and related prospectus on Form 424B4 (collectively, the “Offering Documents”) issued in connection with
Cloopen’s February 9, 2021 initial public stock offering (the “IPO” or “Offering”), and/or (b) purchased or otherwise acquired Cloopen
ADSs between February 9, 2021 and May 10, 2021, inclusive (the “Class Period”), unless you are an excluded party under the terms of the
Stipulation.
Use Part I of this form entitled “Claimant Information” to identify each purchaser or acquiror of record (“nominee”) of the Cloopen ADSs that forms the basis of this claim. THIS CLAIM MUST BE FILED BY THE ACTUAL BENEFICIAL PURCHASER(S) ORACQUIRER(S) OF THE CLOOPEN ADSs UPON WHICH THIS CLAIM IS BASED, OR BY THEIR LEGAL REPRESENTATIVE.
Separate Claim Forms should be submitted for each separate legal entity (e.g. a claim from joint owners should not include separate transactions of just one of the joint owners, and an individual should not combine his or her IRA transactions with transactions made solely in the individual’s name). Conversely, a single Claim Form should be submitted on behalf of one legal entity including all transactions made by that entity on one Claim Form, no matter how many separate accounts that entity has (e.g., a corporation with multiple brokerage accounts should include all transactions made in all accounts on one Claim Form).
All joint purchasers or acquirers must sign this claim. Executors, administrators, guardians, conservators, and trustees must complete and sign this claim on behalf of persons represented by them and their authority must accompany this claim and their titles or capacities must be stated. The Social Security (or taxpayer identification) number and telephone number of the beneficial owner may be used in verifying the claim. Failure to provide the foregoing information could delay verification of your claim or result in rejection of the claim.
Use Part I of this form entitled “Claimant Information” to identify each purchaser or acquiror of record (“nominee”) of the Cloopen ADSs that forms the basis of this claim. THIS CLAIM MUST BE FILED BY THE ACTUAL BENEFICIAL PURCHASER(S) ORACQUIRER(S) OF THE CLOOPEN ADSs UPON WHICH THIS CLAIM IS BASED, OR BY THEIR LEGAL REPRESENTATIVE.
Separate Claim Forms should be submitted for each separate legal entity (e.g. a claim from joint owners should not include separate transactions of just one of the joint owners, and an individual should not combine his or her IRA transactions with transactions made solely in the individual’s name). Conversely, a single Claim Form should be submitted on behalf of one legal entity including all transactions made by that entity on one Claim Form, no matter how many separate accounts that entity has (e.g., a corporation with multiple brokerage accounts should include all transactions made in all accounts on one Claim Form).
All joint purchasers or acquirers must sign this claim. Executors, administrators, guardians, conservators, and trustees must complete and sign this claim on behalf of persons represented by them and their authority must accompany this claim and their titles or capacities must be stated. The Social Security (or taxpayer identification) number and telephone number of the beneficial owner may be used in verifying the claim. Failure to provide the foregoing information could delay verification of your claim or result in rejection of the claim.
C. CLAIM FORM
Use Part II of this form, entitled “Schedule of Transactions in Cloopen ADSs,” to supply all required details of your transaction(s)
(including free transfers and deliveries) in, and holdings of, Cloopen ADSs. If you need more space or additional schedules, attach
separate sheets giving all of the required information in substantially the same form. Sign and print or type your name on each additional sheet.
On this schedule, provide, all of the requested information with respect to your holdings, purchases, acquisitions, and sales of Cloopen ADSs, whether such transactions resulted in a profit or a loss. Only Cloopen ADSs (a) purchased or otherwise acquired pursuant or traceable to the Offering Documents or (b) purchased during the Class Period (between February 9, 2021(the date of Cloopen’s IPO) and May 10, 2021, inclusive) are eligible under the Settlement. However, sales of Cloopen ADSs during the period from February 9, 2021 through August 8, 2021 may be used for purposes of calculating your claim under the Plan of Allocation. Therefore, in order for the Claims Administrator to be able to balance and properly calculate your claim, the number of ADSs purchased, acquired or sold during the period February 9, 2021 through August 8, 2021, inclusive, must be provided.2 Failure to report all such transactions may result in the rejection of your claim.
In Part II of this form, list each transaction separately and in chronological order, by trade date, beginning with the earliest. You must accurately provide the month, day, and year of each transaction you list. The date of covering a “short sale” is deemed to be the date of purchase of Cloopen ADSs. The date of a “short sale” is deemed to be the date of sale of Cloopen ADSs.
COPIES OF BROKER CONFIRMATIONS OR OTHER DOCUMENTATION OF YOUR TRANSACTIONS IN CLOOPENADSs SHOULD BE ATTACHED TO YOUR CLAIM. FAILURE TO PROVIDE THIS DOCUMENTATION COULD DELAY VERIFICATION OF YOUR CLAIM OR RESULT IN REJECTION OF YOUR CLAIM.
NOTICE REGARDING ELECTRONIC FILES: Certain claimants with large numbers of transactions may request, or may be requested, to submit information regarding their transactions in electronic files. All such claimants MUST also submit a manually signed paper Proof of Claim, whether or not they also submit electronic copies. If you wish to submit your claim electronically, you must contact the Claims Administrator at info@CloopenSecuritiesLitigation.com or (866) 778-9470 to obtain the mandatory file layout. Any file not in accordance with the required electronic filing format will be subject to rejection. No electronic files will be considered to have been properly submitted unless the Claims Administrator issues to the claimant a written acknowledgment of receipt and acceptance of electronically submitted data. Do not assume that your file has been received until you receive this email. If you do not receive such an email within 10 days of your submission, you should contact the electronic filing department at efiling@abdata.com to inquire about your file and confirm it was received.
Only one claim should be submitted for each separate legal entity (see §B above) and the complete name of the beneficial owner(s) of the securities must be entered where called for (see §B). Distribution payments must be made by check or electronic payment payable to the Authorized Claimant (beneficial account owner). No third-party filer may be the payee of any distribution payment check or electronic payment.
On this schedule, provide, all of the requested information with respect to your holdings, purchases, acquisitions, and sales of Cloopen ADSs, whether such transactions resulted in a profit or a loss. Only Cloopen ADSs (a) purchased or otherwise acquired pursuant or traceable to the Offering Documents or (b) purchased during the Class Period (between February 9, 2021(the date of Cloopen’s IPO) and May 10, 2021, inclusive) are eligible under the Settlement. However, sales of Cloopen ADSs during the period from February 9, 2021 through August 8, 2021 may be used for purposes of calculating your claim under the Plan of Allocation. Therefore, in order for the Claims Administrator to be able to balance and properly calculate your claim, the number of ADSs purchased, acquired or sold during the period February 9, 2021 through August 8, 2021, inclusive, must be provided.2 Failure to report all such transactions may result in the rejection of your claim.
In Part II of this form, list each transaction separately and in chronological order, by trade date, beginning with the earliest. You must accurately provide the month, day, and year of each transaction you list. The date of covering a “short sale” is deemed to be the date of purchase of Cloopen ADSs. The date of a “short sale” is deemed to be the date of sale of Cloopen ADSs.
COPIES OF BROKER CONFIRMATIONS OR OTHER DOCUMENTATION OF YOUR TRANSACTIONS IN CLOOPENADSs SHOULD BE ATTACHED TO YOUR CLAIM. FAILURE TO PROVIDE THIS DOCUMENTATION COULD DELAY VERIFICATION OF YOUR CLAIM OR RESULT IN REJECTION OF YOUR CLAIM.
NOTICE REGARDING ELECTRONIC FILES: Certain claimants with large numbers of transactions may request, or may be requested, to submit information regarding their transactions in electronic files. All such claimants MUST also submit a manually signed paper Proof of Claim, whether or not they also submit electronic copies. If you wish to submit your claim electronically, you must contact the Claims Administrator at info@CloopenSecuritiesLitigation.com or (866) 778-9470 to obtain the mandatory file layout. Any file not in accordance with the required electronic filing format will be subject to rejection. No electronic files will be considered to have been properly submitted unless the Claims Administrator issues to the claimant a written acknowledgment of receipt and acceptance of electronically submitted data. Do not assume that your file has been received until you receive this email. If you do not receive such an email within 10 days of your submission, you should contact the electronic filing department at efiling@abdata.com to inquire about your file and confirm it was received.
Only one claim should be submitted for each separate legal entity (see §B above) and the complete name of the beneficial owner(s) of the securities must be entered where called for (see §B). Distribution payments must be made by check or electronic payment payable to the Authorized Claimant (beneficial account owner). No third-party filer may be the payee of any distribution payment check or electronic payment.