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Tuya Announces Declaration of Special Dividend

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Tuya Inc. (NYSE: TUYA; HKEX: 2391), a global cloud platform service provider, has announced a special cash dividend of US$0.0589 per ordinary share or ADS. The total dividend amount is approximately US$33 million, to be paid from the company's share premium account. The record date is set for September 11, 2024, with payment expected around October 9, 2024 for ordinary shareholders and October 15, 2024 for ADS holders. This decision reflects Tuya's financial strength and commitment to shareholder returns. The dividend distribution considers factors such as GAAP and Non-GAAP net profits, cash flows, and overall financial conditions.

Tuya Inc. (NYSE: TUYA; HKEX: 2391), un fornitore globale di servizi di piattaforme cloud, ha annunciato un dividendo in contanti speciale di US$0,0589 per azione ordinaria o ADS. L'importo totale del dividendo è di circa US$33 milioni, che sarà pagato dal conto di sovrapprezzo delle azioni della società. La data di registrazione è fissata per l'11 settembre 2024, con pagamento previsto intorno al 9 ottobre 2024 per gli azionisti ordinari e al 15 ottobre 2024 per i titolari di ADS. Questa decisione riflette la solidità finanziaria di Tuya e il suo impegno nei confronti dei ritorni per gli azionisti. La distribuzione del dividendo tiene conto di fattori come i profitti netti GAAP e Non-GAAP, i flussi di cassa e le condizioni finanziarie complessive.

Tuya Inc. (NYSE: TUYA; HKEX: 2391), un proveedor global de servicios de plataformas en la nube, ha anunciado un dividendo en efectivo especial de US$0,0589 por acción ordinaria o ADS. El importe total del dividendo es de aproximadamente US$33 millones, que se pagará desde la cuenta de prima de emisión de la empresa. La fecha de registro está establecida para el 11 de septiembre de 2024, con un pago esperado alrededor del 9 de octubre de 2024 para los accionistas ordinarios y el 15 de octubre de 2024 para los titulares de ADS. Esta decisión refleja la fortaleza financiera de Tuya y su compromiso con los retornos a los accionistas. La distribución del dividendo considera factores como las ganancias netas GAAP y No GAAP, los flujos de efectivo y las condiciones financieras generales.

Tuya Inc. (NYSE: TUYA; HKEX: 2391)는 글로벌 클라우드 플랫폼 서비스 제공업체로 특별 현금 배당금을 주식 또는 ADS당 US$0.0589로 발표했습니다. 총 배당금은 약 US$33 백만이며, 회사의 주식 프리미엄 계좌에서 지급됩니다. 기록일은 2024년 9월 11일로 설정되어 있으며, 지급은 2024년 10월 9일 일반 주주 및 2024년 10월 15일 ADS 보유자에게 예정되어 있습니다. 이 결정은 Tuya의 재정적 강점과 주주 수익에 대한 약속을 반영합니다. 배당금 배포는 GAAP 및 비 GAAP 순이익, 현금 흐름 및 전반적인 재정 상황과 같은 요인을 고려합니다.

Tuya Inc. (NYSE: TUYA; HKEX: 2391), un fournisseur de services de plateforme cloud à l'échelle mondiale, a annoncé un dividende spécial en espèces de 0,0589 US$ par action ordinaire ou ADS. Le montant total du dividende est d'environ 33 millions US$, qui sera payé à partir du compte de prime d'émission de la société. La date de référence est fixée au 11 septembre 2024, avec un paiement prévu autour du 9 octobre 2024 pour les actionnaires ordinaires et du 15 octobre 2024 pour les détenteurs d'ADS. Cette décision reflète la solidité financière de Tuya et son engagement envers les rendements des actionnaires. La distribution du dividende tient compte de facteurs tels que les bénéfices nets GAAP et Non-GAAP, les flux de trésorerie et les conditions financières générales.

Tuya Inc. (NYSE: TUYA; HKEX: 2391), ein globaler Anbieter von Cloud-Plattformdiensten, hat eine Sonderdividende in bar von US$0,0589 pro Stammaktie oder ADS angekündigt. Der Gesamtbetrag der Dividende beträgt etwa US$33 Millionen, die aus dem Kapitalrücklagenkonto des Unternehmens gezahlt werden. Das Stichtagsdatum ist auf den 11. September 2024 festgelegt, wobei die Auszahlung voraussichtlich am 9. Oktober 2024 für die Stammaktionäre und am 15. Oktober 2024 für die ADS-Inhaber erfolgen wird. Diese Entscheidung spiegelt die finanzielle Stärke von Tuya und das Engagement für die Renditen der Aktionäre wider. Die Verteilung der Dividende berücksichtigt Faktoren wie GAAP- und Non-GAAP-Nettogewinne, Cashflows und die allgemeinen finanziellen Bedingungen.

Positive
  • Declaration of a special cash dividend of US$0.0589 per share/ADS
  • Total dividend payout of approximately US$33 million
  • Dividend to be funded from surplus cash, indicating strong cash position
  • Board's discretion in distribution based on positive financial factors
Negative
  • None.

SANTA CLARA, Calif., Aug. 26, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that the board of directors of the Company (the "Board") has approved the declaration of a special cash dividend.

Declaration of Special Dividend and Record Date

On August 26, 2024, the Board has approved the declaration and distribution of a special dividend (the "Special Dividend") of US$0.0589 per ordinary share, or US$0.0589 per ADS, to such holders as at the close of business on September 11, 2024, Hong Kong Time and New York Time, respectively. The aggregate amount of the Special Dividend will be approximately US$33 million, which is payable in U.S. dollars and in cash, and will be funded by surplus cash and to be paid out from the share premium account of the Company. The determination to make distributions and the amount of such distributions will be made at the discretion of its Board and will be based upon the Company's operations and earnings, including, but not limited, considerations of the Company's GAAP and Non-GAAP net profits, cash flows, financial conditions and other relevant factors.

In order to qualify for the Special Dividend, with respect to ordinary shares registered on the Company's Hong Kong share register, all valid documents for the transfers of shares accompanied by the relevant share certificates must be lodged with the Company's Hong Kong share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong, no later than 4:30 p.m. on Wednesday, September 11, 2024, Hong Kong time; and with respect to the ordinary shares registered on the Company's principal share register in the Cayman Islands, all valid documents for the transfers of shares accompanied by the relevant share certificates must be lodged with the Company's principal share registrar, Maples Fund Services (Cayman) Limited, at PO Box 1093, Boundary Hall, Cricket Square, Grand Cayman, KY1-1102, Cayman Islands, no later than 3:30 p.m. on Tuesday, September 10, 2024, Cayman Islands time (due to the time difference between Cayman Islands and Hong Kong). 

Dividend to be paid to the holders of ADSs issued by the depositary of the ADSs will be subject to the terms of the deposit agreement.

The payment date is expected to be on or around October 9, 2024 for holders of ordinary shares, and on or around October 15, 2024 for holders of ADSs.

For further information on the non-GAAP financial measures presented above, see the section headed "Use of Non-GAAP Financial Measures."

About Tuya Inc.

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading cloud platform service provider with a mission to build a smart solutions developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built cloud developer platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, Software-as-a-Service, or SaaS, and smart solutions for developers of smart device, commercial applications, and industries. Through its cloud developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.

Use of Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses non-GAAP financial measures, such as non-GAAP operating expenses, non-GAAP loss from operations (including non-GAAP operating margin), non-GAAP net (loss)/profit (including non-GAAP net margin), and non-GAAP basic and diluted net (loss)/profit per ADS, as supplemental measures to review and assess its operating performance. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). The Company defines non-GAAP financial measures by excluding the impact of share-based compensation expenses, credit-related impairment of long-term investments and litigation costs from the respective GAAP financial measures. The Company presents the non-GAAP financial measures because they are used by the management to evaluate its operating performance and formulate business plans. The Company also believes that the use of the non-GAAP financial measures facilitates investors' assessment of its operating performance.

Non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using the aforementioned non-GAAP financial measures is that they do not reflect all items of expenses that affect the Company's operations. Share-based compensation expenses, credit-related impairment of long-term investments and litigation costs have been and may continue to be incurred in the business and are not reflected in the presentation of non-GAAP measures. Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP measures to the most directly comparable U.S. GAAP measures, all of which should be considered when evaluating the Company's performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.

Reconciliations of Tuya's non-GAAP financial measures to the most comparable U.S. GAAP measures are included at the end of this press release.

Safe Harbor Statement

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. 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 SEC. The forward-looking statements included in this press release are only made as of the date hereof, and the Company disclaims any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.

Investor Relations Contact

Tuya Inc.
Investor Relations
Email: ir@tuya.com 

The Blueshirt Group
Gary Dvorchak, CFA
Phone: +1 (323) 240-5796
Email: gary@blueshirtgroup.co 

Cision View original content:https://www.prnewswire.com/news-releases/tuya-announces-declaration-of-special-dividend-302230827.html

SOURCE Tuya Inc.

FAQ

What is the amount of Tuya's (TUYA) special dividend per share?

Tuya Inc. has declared a special cash dividend of US$0.0589 per ordinary share or ADS.

When is the record date for Tuya's (TUYA) special dividend?

The record date for Tuya's special dividend is September 11, 2024, at the close of business in Hong Kong Time and New York Time.

What is the total amount of Tuya's (TUYA) special dividend payout?

The aggregate amount of Tuya's special dividend will be approximately US$33 million.

When will Tuya (TUYA) pay the special dividend to shareholders?

The payment date is expected to be around October 9, 2024 for ordinary shareholders, and October 15, 2024 for ADS holders.

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