Sound Group Inc. Declares Special Cash Dividend
Sound Group Inc. (“Sound Group” or the “Company”) (NASDAQ: SOGP), an innovative player in the global audio-centric social and entertainment industry, has made an exciting announcement regarding shareholder returns. The Company's board of directors has approved a special cash dividend of US$0.005 per ordinary share, equating to US$1.00 for each American Depositary Share (ADS). This announcement is a splendid gesture of appreciation for the loyal shareholders who have supported the company through its journey.
Dividend Details and Distribution Timeline
The approved special cash dividend will see approximately US$4 million distributed among shareholders, a substantial commitment reflecting Sound Group's strong financial position. Shareholders with ordinary shares and ADSs of record will be eligible for this dividend as of the close of business on September 15, 2025. Payments are expected to begin around September 30, 2025, with those holding ADSs receiving their dividends through Deutsche Bank Trust Company Americas. This ensures a smooth transaction in line with the established deposit agreement.
Leadership's Commitment to Shareholder Value
Mr. Jinnan (Marco) Lai, the Founder and CEO of Sound Group Inc., expressed enthusiasm regarding the declaration of this dividend. He stated that this move is a testament to the company’s robust financial performance and its unwavering dedication to rewarding shareholders. He further emphasized that this dividend endorsement highlights the endurance of Sound Group's business model. It signifies an era of operational excellence and strategic growth, which aims to thrive even in a changing macroeconomic landscape.
A Vision of Connection Through Audio
Sound Group Inc. operates with a clear vision of creating the largest audio platform in the world, striving to enhance communication and connection among individuals. The company is committed to leveraging the impact of sound, believing in its potential to bridge divides and foster relationships. Sound Group has been listed on Nasdaq since January 2020, showcasing its growth and ambition within the audio industry.
Engagement with Investors and Media
The company highly values communication with its investors and stakeholders. For those who are interested in more details regarding the dividend, or to engage with the company's updates and news, reaching out through appropriate channels is encouraged. Sound Group Inc. welcomes inquiries through its IR department.
Frequently Asked Questions
What is the amount of the special cash dividend announced by Sound Group Inc.?
The board has approved a special cash dividend of US$0.005 per ordinary share, translating to US$1.00 per American Depositary Share.
When will the dividend be payable?
The dividend payments are anticipated to be made on or around September 30, 2025, for eligible shareholders.
Why was the dividend declared?
The dividend showcases Sound Group's strong financial performance and its commitment to rewarding shareholders.
Who will receive the dividend?
Holders of ordinary shares and American Depositary Shares of Sound Group Inc. as of September 15, 2025, will be eligible for the dividend.
How can shareholders find more information about the company?
For further information, shareholders are encouraged to visit the investor relations section of the Sound Group Inc. website.
