WUHAN,
China, July 3, 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 the Company's board of directors
approved and declared a special cash dividend of US$9.76 per ordinary share, or US$9.76 per American Depositary Share
("ADS"), to holders of record of ordinary shares and ADSs as
of the close of business on August 21,
2024.
The aggregate amount of cash dividends to be paid will be
approximately US$300 million, with
payments expected to be made on or around August 30, 2024 for holders of ordinary shares
and holders of ADSs. Holders of the Company's ADSs will receive the
cash dividends through JPMorgan Chase Bank, N.A., the depositary,
subject to the terms and conditions of the deposit agreement.
The interim management committee of DouYu commented, "We remain
dedicated to protecting shareholders' interests despite the
challenging macroeconomic and operating environment that we
continue to face. Primarily due to the Company's current cash
position, our Board of Directors has approved a special cash
dividend of approximately US$300
million as part of our ongoing effort to return value to our
shareholders."
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
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SOURCE DouYu International Holdings Limited