Viomi Technology Implements a Special Dividend For Shareholders
Viomi Technology Declares Special Dividend
Viomi Technology Co., Ltd (NASDAQ: VIOT), a prominent player in home water solutions in China, recently announced an exciting development for its shareholders. The company's board of directors has approved a special dividend payment of US$0.0293 per ordinary share, which equates to US$0.0880 per American depositary share (ADS). The total estimated payout for this special dividend is expected to reach around US$6 million.
Details of the Special Dividend
The payment process is set to unfold shortly, with the expected date for distribution targeting holders of ordinary shares on approximately August 18, 2025, and holders of ADSs on about August 21, 2025. To be eligible for this distribution, shareholders must hold their shares as of the close of business on July 31, 2025. This initiative highlights Viomi's commitment to returning value to its shareholders.
Comments from the CEO
Mr. Xiaoping Chen, the Founder and CEO of Viomi, expressed enthusiasm regarding the special dividend announcement. He stated, "We are pleased to announce the declaration and distribution of the Special Dividend, underscoring our unwavering commitment to creating long-term shareholder value and reflecting our strong confidence in Viomi's strategic direction and future growth." Chen attributed the success to the completion of a strategic business reorganization done in 2024, enhancing the focus on the home water solution sector.
Innovative Developments in Product Offerings
In conjunction with the dividend announcement, Viomi has made significant strides in product innovation. The recent launch of the Kunlun 4 Pro Alkaline Mineral Water Purifier has set a new standard in the industry by offering mildly alkaline mineral water. This aligns with Viomi's mission to elevate household drinking water standards from standard purified water to enriched, purified mineral water. This product reflects the company's vision and commitment to sustainability and health.
Strategic Growth and Global Expansion
Continuing on its path of growth, Viomi is not only improving operational efficiency domestically but is also expanding its presence on global platforms. The company has made focused efforts to enhance its service capabilities and reinforce competitive advantages. These efforts are fundamental to the company’s goal of providing sustainable, long-term returns to its shareholders.
Dedicated to AI for Better Water Solutions
Viomi's mission, "AI for Better Water," encapsulates its dedication to utilizing artificial intelligence technology to enhance drinking water solutions for households worldwide. The company has adopted a distinctive business model known as "Equipment + Consumables," which allows it to optimize filter replacement procedures and improve water quality monitoring. This innovation increases the filter replacement rate, effectively meeting the growing global demand for clean drinking water.
Overview of Manufacturing Capabilities
The company operates a world-class "Water Purifier Gigafactory," where it maintains an integrated industrial chain for optimal efficiency. This advanced facility enables Viomi to achieve economies of scale while continually innovating within the water purification industry. Viomi's commitment to technological advancement is evident in its efforts to make water purifiers more accessible and improve consumers’ lifestyles.
Who to Contact for More Information
For any inquiries regarding the dividend or other corporate issues, interested parties may contact Viomi Technology's investor relations team. They can be reached via email at ir@viomi.com.cn, or through Piacente Financial Communications at viomi@tpg-ir.com.
Frequently Asked Questions
What is the amount of the special dividend announced by Viomi?
The special dividend announced is US$0.0293 per ordinary share and US$0.0880 per ADS.
When are shareholders eligible for the special dividend?
Shareholders must hold their shares by the close of business on July 31, 2025, to qualify for the special dividend.
What is the purpose of the special dividend?
The special dividend is aimed at providing value to shareholders while showcasing the company’s confidence in its growth strategy.
What innovative products has Viomi recently introduced?
Viomi launched the Kunlun 4 Pro Alkaline Mineral Water Purifier, focusing on enhancing water quality and promoting healthier household practices.
How can investors contact Viomi for more inquiries?
Investors can reach Viomi's investor relations team via email at ir@viomi.com.cn.
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