[YY INC. ANNOUNCES PROPOSED OFFERING OF US$400 MILLION CONVERTIBLE SENIOR NOTES GUANGZHOU, CHINA — March 17, 2014: YY Inc. (NASDAQ: YY), a revolutionary rich communication social platform (“YY” or the “Company”), today announced that it proposes to offer up to US$ 400 million in aggregate principal amount of convertible senior notes due 2019 (the “notes”), subject to market conditions and] [001-35729 YY INC. Building 3-08, Yangcheng Creative Industry Zone No. 309 Huangpu Avenue Middle Tianhe District Guangzhou 510655 The People’s Republic of China Form 20-F x Form 40-F o o o YY INC.]