Viomi Technology Co., Ltd Announces Special Dividend
GUANGZHOU, China – Viomi Technology Co., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a prominent player in the field of home water solutions in China, is proud to declare a special dividend of US$0.0293 per ordinary share, equating to US$0.0880 per American depositary share (ADS). The total distribution amount is expected to be around US$6 million, reflecting the Company’s strong financial performance.
Key Dividend Details
The anticipated payment for the special dividend is scheduled to take place in August. Holders of ordinary shares will receive their payments around August 18, and those holding ADSs are expected to receive theirs a few days later, on or around August 21. The record date for eligibility is set for July 31, ensuring that all qualified shareholders can benefit from this reward.
Leadership Commitment to Shareholder Value
Mr. Xiaoping Chen, the Founder and CEO of Viomi, expressed his enthusiasm regarding the dividend announcement. He stated that this initiative underscores the company’s commitment to fostering long-term shareholder value and showcases their confidence in the growth trajectory of Viomi. Following their successful strategic business reorganization in the previous years, Viomi has intensified its focus on the water solution sector while expanding its presence globally.
Innovations in Home Water Solutions
Viomi has been at the forefront of enhancing home water quality with innovative products like the Kunlun 4 Pro Alkaline Mineral Water Purifier. This state-of-the-art purifier aims to shift consumer preferences from standard purified water to mineral water, marking a significant milestone in household standards. The company also aims to balance efficiency in domestic operations with expansion on the international front, contributing to steady growth and operational turnaround.
Long-term Vision for Growth
Looking towards the future, Viomi’s strategy includes a deep commitment to product innovation, improving service capabilities, and consolidating its competitive edge. This holistic approach is designed to provide sustainable returns to their shareholders while addressing the evolving needs for cleaner and healthier drinking water.
About Viomi Technology
Viomi’s mission encapsulates the essence of 'AI for Better Water'. By leveraging artificial intelligence, the company aims to provide superior drinking water solutions globally. Viomi prides itself on its unique “Equipment + Consumables” business model, which has redefined industry standards.
Technological Advancements and Sustainability
Through sophisticated technology, Viomi simplifies filter replacements and enhances water quality monitoring, ensuring a superior user experience. Their ongoing innovations not only extend the lifespan of filters but also reduce costs for consumers, promoting a healthier lifestyle.
The company operates a leading-edge “Water Purifier Gigafactory,” which boasts an integrated supply chain and optimal efficiency, enabling significant advancements in water purification technology. This facility positions Viomi to achieve economies of scale, driving global adoption of advanced residential water filtration systems.
Contact Information
For any investor or media inquiries, please contact:
In China:
Viomi Technology Co., Ltd
Claire Ji
Email: ir@viomi.com.cn
Piacente Financial Communications
Hui Fan
Tel: +86-10-6508-0677
Email: viomi@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: viomi@tpg-ir.com
Frequently Asked Questions
What is the announced special dividend amount for Viomi?
The special dividend is set at US$0.0293 per ordinary share and US$0.0880 per ADS.
When will the dividend be paid to shareholders?
The payment is scheduled for around August 18 for ordinary shares and August 21 for ADS holders.
What is Viomi’s commitment towards its shareholders?
Viomi aims to create long-term shareholder value, demonstrated by this special dividend announcement.
How does Viomi plan to grow in the future?
The company targets product innovation and enhanced service capabilities to maintain its competitive advantages.
Where can I find more information about Viomi Technology?
For more details, you can visit the official website of Viomi Technology.
