Sound Group announces $1.00 per ADS special cash dividend

Sound Group (SOGP) announced that the company’s board of directors approved a special cash dividend of $0.005 per ordinary share, or $1.00 per American depositary share, to holders of ordinary shares and ADSs of record as of the close of business on September 15. The total amount of cash to be distributed for the dividend will amount to approximately $4M, with payments expected to be made on or around September 30 for holders of ADSs and holders of ordinary shares. Holders of the company’s ADSs will receive the cash dividends through Deutsche Bank Trust Company Americas, the depositary of the company’s ADS program, subject to the terms and conditions of the deposit agreement.