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Any idea what happens to small shareholders who don't sell if the company indeed goes private?

you won't have a choice if the deal is accepted by the Board's special committee. Your shares will automatically be sold at the offer price when it closes.

You do have a couple options in the meantime. You can definitely write to the Board members who will be deciding whether to accept the buyout offer, Mr. Sean Shao, Mr. Xiaochuan Guo and Mr. Xindan Li and express that you are a shareholder and don't believe the offer is a fair price.

If they accept the offer and you still feel it is too low, you can always join a class action suit but that may significantly delay when you get paid out for your shares.
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