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 Nasdaq has set September 3, 2024 as the ex-dividend date for the special cash dividend that was announced on July 3, 2024. As the special cash dividend of US$9.76 per ordinary share, or US$9.76 per American Depositary Share (“ADS”), net of a handling fee of US$0.05 per ADS charged by the depositary bank, exceeds 25% of the Company’s ADS price, pursuant to the rules of Nasdaq, the ex-dividend date is September 3, 2024, the first business day following the dividend payment date of August 30, 2024.
In addition, Nasdaq will apply its due bill procedures, pursuant to which trades of the Company’s ADSs entered into before September 3, 2024 and settled after the record date of August 21, 2024 (the “due bill period”) will have a due bill attached for the special cash dividend payable on August 30, 2024. This means that holders who purchase these securities during the due bill period (even if the trades are to be settled after that due bill period) are entitled to receive the special cash dividend, while sellers who sell the securities during the due bill period (even if the trades are to be settled after the due bill period) are not entitled to the special cash dividend. Investors who enter into trades to purchase ADSs on or after September 3, 2024 will not be entitled to the special cash dividend payable on August 30, 2024.
