KUTV [Ku6 Media] SC 13D/A: Preliminary Proposal February 1, 2016 The Board of
[Preliminary Proposal February 1, 2016 The Board of Directors Ladies and Gentlemen: Shanda Interactive Entertainment Limited (“Shanda”) is pleased to submit this preliminary non-binding proposal to acquire all of the outstanding ordinary shares of KU6 Media Co., Ltd. (the “Company”), including American Depositary Shares of the Company (“ADSs,” with each ADS representing 100 ordinary shares) not already owned by Shanda] [Shanda Interactive Entertainment Limited 2 Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐ 3 SEC Use Only 4 Source of Funds AF, OO 5 ☐ 6 Citizenship or Place of Organization The Cayman Islands]