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Entrepreneur Universe Bright Group Announce Special Dividend

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Entrepreneur Universe Bright Group (OTCQB: EUBG) has declared a special one-time cash dividend of $0.0013 per share, totaling approximately $2.2 million. This decision is based on the company's Q2 2024 financial performance and stable profitability. The dividend payout date is set for September 12, 2024, with both the record date and ex-dividend date on August 30, 2024.

The distribution represents about 22.05% of EUBG's liquid assets as of June 30, 2024. Shareholders in mainland China, Hong Kong, and Taiwan may experience a 2-6 month delay in receiving payments due to regulatory processes. CEO Tao Guolin expressed confidence in the company's ability to face future challenges and expand its core business in Chinese and international markets.

Entrepreneur Universe Bright Group (OTCQB: EUBG) ha dichiarato un dividendo straordinario una tantum in contante di $0.0013 per azione, per un totale di circa $2,2 milioni. Questa decisione si basa sulle performance finanziarie del secondo trimestre del 2024 e su una redditività stabile. La data di pagamento del dividendo è fissata per il 12 settembre 2024, con la data di registrazione e la data di stacco del dividendo il 30 agosto 2024.

La distribuzione rappresenta circa il 22,05% delle attività liquide di EUBG al 30 giugno 2024. Gli azionisti della Cina continentale, Hong Kong e Taiwan potrebbero subire un ritardo di 2-6 mesi nel ricevere i pagamenti a causa di processi normativi. Il CEO Tao Guolin ha espresso fiducia nella capacità dell'azienda di affrontare le sfide future e di espandere il proprio business principale nei mercati cinese e internazionale.

Entrepreneur Universe Bright Group (OTCQB: EUBG) ha declarado un dividendo en efectivo especial y único de $0.0013 por acción, totalizando aproximadamente $2.2 millones. Esta decisión se basa en el rendimiento financiero de la compañía en el segundo trimestre de 2024 y en la rentabilidad estable. La fecha de pago del dividendo está programada para el 12 de septiembre de 2024, con la fecha de registro y la fecha ex-dividendo el 30 de agosto de 2024.

La distribución representa aproximadamente el 22.05% de los activos líquidos de EUBG al 30 de junio de 2024. Los accionistas en China continental, Hong Kong y Taiwán pueden experimentar un retraso de 2 a 6 meses en recibir los pagos debido a procesos regulatorios. El CEO Tao Guolin expresó confianza en la capacidad de la compañía para enfrentar desafíos futuros y expandir su negocio principal en los mercados chino e internacional.

Entrepreneur Universe Bright Group (OTCQB: EUBG)는 주당 $0.0013의 특별 일회성 현금 배당금을 선언했으며, 총 약 $2.2백만 달러에 달합니다. 이 결정은 2024년 2분기의 재무 성과와 안정적인 수익성에 기반하고 있습니다. 배당 지급 일자2024년 9월 12일로 정해졌으며, 기록일과 배당락일은 2024년 8월 30일입니다.

이번 배당은 2024년 6월 30일 기준 EUBG의 유동 자산의 약 22.05%를 차지합니다. 중국 본토, 홍콩 및 대만의 주주들은 규제 절차로 인해 지급을 받는 데 2-6개월의 지연이 발생할 수 있습니다. CEO Tao Guolin은 회사가 앞으로의 도전에 맞설 능력과 중국 및 국제 시장에서 핵심 사업을 확장할 것에 대한 확신을 표명했습니다.

Entrepreneur Universe Bright Group (OTCQB: EUBG) a déclaré un dividende en espèces exceptionnel et unique de 0,0013 $ par action, totalisant environ 2,2 millions de dollars. Cette décision est fondée sur les performances financières de l’entreprise au deuxième trimestre 2024 et une rentabilité stable. La date de versement du dividende est fixée au 12 septembre 2024, avec la date d’enregistrement et la date ex-dividende fixées au 30 août 2024.

La distribution représente environ 22,05 % des actifs liquides d’EUBG au 30 juin 2024. Les actionnaires de la Chine continentale, de Hong Kong et de Taïwan peuvent connaître un retard de 2 à 6 mois pour recevoir leurs paiements en raison de processus réglementaires. Le PDG Tao Guolin a exprimé sa confiance dans la capacité de l'entreprise à faire face aux défis futurs et à développer son activité principale sur les marchés chinois et internationaux.

Entrepreneur Universe Bright Group (OTCQB: EUBG) hat eine einmalige Sonderdividende in bar von $0,0013 pro Aktie erklärt, die insgesamt etwa $2,2 Millionen beträgt. Diese Entscheidung basiert auf der finanziellen Leistung des Unternehmens im 2. Quartal 2024 und einer stabilen Rentabilität. Das Zahlungsdatum der Dividende ist für den 12. September 2024 festgelegt, wobei das Record-Datum und das Ex-Dividende-Datum auf den 30. August 2024 fallen.

Die Ausschüttung entspricht etwa 22,05% der liquiden Mittel von EUBG zum 30. Juni 2024. Aktionäre in Festlandchina, Hongkong und Taiwan können aufgrund regulatorischer Prozesse mit einer Verzögerung von 2-6 Monaten bei der Zahlung rechnen. CEO Tao Guolin äußerte Zuversicht in die Fähigkeit des Unternehmens, zukünftige Herausforderungen zu meistern und sein Kerngeschäft auf dem chinesischen und internationalen Markt auszubauen.

Positive
  • Declaration of a special one-time cash dividend of $0.0013 per share
  • Total dividend distribution of approximately $2.2 million
  • Stable profitability reported in Q2 2024
  • Retained earnings of $3,051,537 available for distribution as of June 30, 2024
  • Sufficient cash reserves to meet working capital and other requirements after dividend distribution
Negative
  • Potential impact on cash reserves with dividend distribution representing 22.05% of liquid assets
  • Possible 2-6 month delay in dividend payments for shareholders in certain regions due to regulatory processes
  • Uncertainties in the macroeconomic environment may impact future operations

XI'AN, China, Aug. 27, 2024 /PRNewswire/ -- Entrepreneur Universe Bright Group ("EUBG" or the "Company") (OTCQB: EUBG), a digital marketing consulting company, is pleased to announce today that its Board of Directors (the "Board") has declared a special one-time cash dividend of $0.0013 per share of EUBG's common stock, or an aggregate of approximately $2.2 million. The Board declared the dividend based on the financial performance and stable profitability of the second quarter of 2024.  

According to the financial report as of June 30, 2024, the Company currently has retained earnings of $3,051,537 available for distribution. The Board believes that distributing cash dividends at this time is in the best interest of the Company. Consequently, the Board has decided to declare a one-time special cash dividend from the Company's retained earnings, with a distribution plan of $0.0013 per share. The payout date is set for September 12, 2024, and the record date and ex-dividend date will both be on August 30, 2024. In accordance with FINRA UPC (Uniform Practice Code) Rule 11140, for dividends less than 25% of the value of the underlying security, the ex-dividend date should coincide with the record date.  

The total dividend distribution of $0.0013 per share amounts to approximately $2.2 million, representing approximately 22.05 % of the Company's liquid assets as of June 30, 2024. After the dividend distribution, the Company's cash reserves will remain sufficient to meet its working capital, liabilities, and other cash requirements.  

Given that some shareholders are located in mainland China, Hong Kong, Taiwan, and other regions, the process from the announcement and implementation of the dividend plan to the completion of government approvals and related preparations by third-party institutions typically requires 2 to 6 months for shareholders in these regions to receive the dividend payments. The actual time of receipt will depend on the processing time of banks and financial institutions in each shareholder's region, and especially on the regulatory policies and regulations governing capital gains from overseas investments in different countries and regions. Shareholders with securities accounts in the United States will not be affected by these factors.  

Mr. Tao Guolin, Chairman and CEO of the Company, expressed his pleasure: "This is the first time the Company is distributing dividends to shareholders as a token of appreciation for their Long-term support and contributions. Although uncertainties in the macroeconomic environment may impact the Company's future operations, we are well-prepared and confident in facing various challenges. On the foundation of the Company's stable financial policies, we will continue to focus on expanding our core business across different sectors in both the Chinese and international markets, continuously creating greater value for our shareholders."  

About ENTREPRENEUR UNIVERSE BRIGHT GROUP  

ENTREPRENEUR UNIVERSE BRIGHT GROUP is a Nevada holding company and conducts all of its operations through its wholly-owned subsidiaries in Hong Kong and in the People's Republic of China. The China subsidiary mainly engages in consulting, sourcing and marketing services in China with support from its Hong Kong subsidiary. The Company is dedicated to providing business consulting services covering multiple markets across China. For more information about the Company, please visit: http://www.eubggroup.com/.  

Safe Harbor Statement  

This press release contains projections and "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995 related to the Company's business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.  

Cision View original content:https://www.prnewswire.com/news-releases/entrepreneur-universe-bright-group-announce-special-dividend-302231311.html

SOURCE Entrepreneur Universe Bright Group

FAQ

What is the amount of the special dividend announced by EUBG?

Entrepreneur Universe Bright Group (EUBG) announced a special one-time cash dividend of $0.0013 per share.

When is the dividend payout date for EUBG's special dividend?

The dividend payout date for EUBG's special dividend is set for September 12, 2024.

What are the record and ex-dividend dates for EUBG's special dividend?

Both the record date and ex-dividend date for EUBG's special dividend are set for August 30, 2024.

How much of EUBG's liquid assets does the dividend distribution represent?

The total dividend distribution represents approximately 22.05% of EUBG's liquid assets as of June 30, 2024.

Why might some EUBG shareholders experience a delay in receiving their dividend payments?

Shareholders in mainland China, Hong Kong, and Taiwan may experience a 2-6 month delay in receiving payments due to regulatory processes and approvals required for overseas investments.

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