QuantaSing's New Special Dividend Set to Reward Shareholders
QuantaSing Group Limited Declares Special Dividend
QuantaSing Group Limited (NASDAQ: QSG), a prominent lifestyle solution provider, has recently made an exciting announcement that will positively impact its shareholders. The company's board has declared a special dividend of US$0.067 for each ordinary share. This decision reflects QuantaSing's commitment to returning value to its investors.
Understanding the Special Dividend
The total sum allocated for the special dividend is projected to be around US$11 million. QuantaSing plans to disburse this in cash, using funds from surplus cash and the share premium account. It is notable that this special dividend will be an exciting opportunity for shareholders to benefit from the company’s prosperous financial status.
Distribution Timeline for Shareholders
QuantaSing has set specific dates for the dividend distribution, aiming to credit the accounts of ordinary shareholders by November 7 and the American Depositary Shares holders by November 15. This strategic timing ensures shareholder interests are prioritized while providing valuable returns on their investments.
Board's Discretion on Future Distributions
The determination of future distributions of dividends is at the discretion of QuantaSing's board of directors. The board will evaluate various factors including company performance, profits, cash flow, and overall financial health, ensuring decisions are in the best interest of shareholders. This approach demonstrates the company’s focus on sustainable growth while rewarding investors.
Company Overview
QuantaSing Group Limited is dedicated to enhancing the quality of life for adults through innovative lifestyle solutions. With a robust framework and deep understanding of adult learners' needs, QuantaSing offers a range of online courses that are both affordable and accessible. This effort aims to fulfill the aspirations of seniors seeking wellness and personal development.
Contact Information for Investors
For inquiries and further details about the special dividend or other investor-related matters, shareholders can reach out to:
Investor Relations:
Leah Guo
QuantaSing Group Limited
Email: ir@quantasing.com
Tel: +86 (10) 6493-7857
Robin Yang, Partner
ICR, LLC
Email: QuantaSing.IR@icrinc.com
Phone: +1 (212) 537-0429
Frequently Asked Questions
What is the amount of the special dividend declared by QuantaSing?
The special dividend announced is US$0.067 per ordinary share.
When will shareholders receive the special dividend?
Ordinary shareholders are expected to receive the dividend on or around November 7, while holders of American Depositary Shares (ADS) will see payment around November 15.
What factors will the board consider for future dividend distributions?
The board will assess the company's operations, earnings, cash flows, and overall financial condition when determining future dividends.
What kind of services does QuantaSing provide?
QuantaSing offers online courses and lifestyle solutions aimed at empowering adults, particularly seniors, to achieve their wellness goals.
How can I contact QuantaSing for investor relations?
Investors can reach out via email at ir@quantasing.com or call +86 (10) 6493-7857.
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