DouYu International Holdings Limited Announces Ex-dividend Date

Rhea-AI Summary

DouYu International Holdings (Nasdaq: DOYU), a leading game-centric live streaming platform in China, has announced that Nasdaq has set September 3, 2024, as the ex-dividend date for its special cash dividend. The dividend, declared on July 3, 2024, amounts to US$9.76 per ordinary share or ADS, net of a US$0.05 handling fee per ADS. This dividend exceeds 25% of the Company's ADS price, mandating a due bill period. Trades entered before September 3, 2024, but settled after the record date of August 21, 2024, will include a due bill entitling buyers to the dividend. Sellers during this period will not receive the dividend. The dividend is payable on August 30, 2024.

Positive

• Special cash dividend of US$9.76 per ordinary share or ADS, indicating strong financial health.
• Ex-dividend date set for September 3, 2024, providing clarity for investors.

Negative

• Dividend payout exceeds 25% of the Company's ADS price, which could impact cash reserves.

WUHAN, China, July 12, 2024 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU) a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced that Nasdaq has set September 3, 2024 as the ex-dividend date for the special cash dividend that was announced on July 3, 2024. As the special cash dividend of US$9.76 per ordinary share, or US$9.76 per American Depositary Share ("ADS"), net of a handling fee of US$0.05 per ADS charged by the depositary bank, exceeds 25% of the Company's ADS price, pursuant to the rules of Nasdaq, the ex-dividend date is September 3, 2024, the first business day following the dividend payment date of August 30, 2024.

In addition, Nasdaq will apply its due bill procedures, pursuant to which trades of the Company's ADSs entered into before September 3, 2024 and settled after the record date of August 21, 2024 (the "due bill period") will have a due bill attached for the special cash dividend payable on August 30, 2024. This means that holders who purchase these securities during the due bill period (even if the trades are to be settled after that due bill period) are entitled to receive the special cash dividend, while sellers who sell the securities during the due bill period (even if the trades are to be settled after the due bill period) are not entitled to the special cash dividend. Investors who enter into trades to purchase ADSs on or after September 3, 2024 will not be entitled to the special cash dividend payable on August 30, 2024.

About DouYu International Holdings Limited

Headquartered in Wuhan, China, DouYu International Holdings Limited (Nasdaq: DOYU) is a leading game-centric live streaming platform in China and a pioneer in the eSports value chain. DouYu operates its platform on both PC and mobile apps to bring users access to immersive and interactive games and entertainment livestreaming, a wide array of video and graphic contents, as well as opportunities to participate in community events and discussions. By nurturing a sustainable technology-based talent development system and relentlessly producing high-quality content, DouYu consistently delivers premium content through the integration of livestreaming, video, graphics, and virtual communities with a primary focus on games, especially on eSports. This enables DouYu to continuously enhance its user experience and pursue long-term healthy development. For more information, please see http://ir.douyu.com/.

Safe Harbor Statements

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's results of operations and financial condition; the Company's business strategies; general market conditions, in particular, the game live streaming market; the ability of the Company to retain and grow active and paying users; changes in general economic and business conditions in China; the impact of the COVID-19 to the Company's business operations and the economy in China and globally; any adverse changes in laws, regulations, rules, policies or guidelines applicable to the Company; and assumptions underlying or related to any of the foregoing. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the Securities Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact

In China:

Lingling Kong
DouYu International Holdings Limited
Email: ir@douyu.tv
Tel: +86 (10) 6508-0677

Andrea Guo
Piacente Financial Communications
Email: douyu@tpg-ir.com
Tel: +86 (10) 6508-0677

In the United States:

Brandi Piacente
Piacente Financial Communications
Email: douyu@tpg-ir.com
Tel: +1-212-481-2050

Media Relations Contact

Lingling Kong
DouYu International Holdings Limited
Email: pr_douyu@douyu.tv
Tel: +86 (10) 6508-0677

View original content:https://www.prnewswire.com/news-releases/douyu-international-holdings-limited-announces-ex-dividend-date-302195592.html

SOURCE DouYu International Holdings Limited

FAQ

What is the ex-dividend date for DouYu International Holdings 's special cash dividend?

The ex-dividend date for DouYu International Holdings 's special cash dividend is September 3, 2024.

How much is DouYu's special cash dividend per share?

DouYu's special cash dividend is US$9.76 per ordinary share or ADS.

When is DouYu's special cash dividend payment date?

DouYu's special cash dividend payment date is August 30, 2024.

What is the record date for DouYu's special cash dividend?

The record date for DouYu's special cash dividend is August 21, 2024.

Will investors who purchase DouYu ADSs after the ex-dividend date receive the special cash dividend?

No, investors who purchase DouYu ADSs on or after September 3, 2024, will not be entitled to the special cash dividend payable on August 30, 2024.