Moatable Announces Special Dividend of $0.6057 per ADS and Key Dates

Moatable Declares a Special Cash Dividend

Moatable, Inc. (OTC Pink: MTBLY), known for operating several SaaS businesses, recently made waves in the financial market with the announcement of a special cash dividend of $0.6057 per American Depositary Share (ADS). This decision was taken during a meeting of the Company's Board of Directors, signaling Moatable's robust cash position and commitment to returning value to its shareholders.

The special dividend will be distributed to all holders of Moatable's ordinary shares, including those in the form of ADSs, which currently represent 45 Class A ordinary shares. The dividend is anticipated to be paid around March 27, 2025, provided that shareholders hold their shares as of the record date on March 17, 2025, at 5:00 PM Eastern Time.

Key Dates to Remember:

- Record Date: March 17, 2025
- Payment Date: March 27, 2025
- Ex-Dividend Date: March 28, 2025

The amount of the dividend reflects $0.01346 per ordinary share, accounting for potential taxes, fees, and expenses. It's crucial for investors to note that Citibank, the depositary for the ADSs, will charge a cash distribution fee of $0.05 per ADS held as of the record date. This fee will be deducted from the total amount of the special dividend payable to ADS holders.

Understanding the Ex-Dividend Date

The ex-dividend date marks the first day on which the ADSs trade without the right to receive the dividend. This means that investors who opt to sell their ADSs before the payment date will not be eligible to receive the upcoming special dividend. According to standard practices, the rights to receive the dividend are transferred through