SHANGHAI, Aug. 16, 2024 (GLOBE NEWSWIRE) — Jiayin Group (NASDAQ:) Inc. (Jiayin or the Firm) (NASDAQ: JFIN), a number one fintech platform in China, immediately introduced that its board of administrators accepted the cost of money dividends of US$0.125 per odd share, or US$0.50 per American depositary share (ADS). The holders of the Firm’s odd shares proven on the Firm’s file on the shut of buying and selling on August 27, 2024 (U.S. Jap Time) might be entitled to those dividends. These shareholders, together with JPMorgan Chase (NYSE:) Financial institution, N.A., the depositary of the Firm’s ADS program (the Depositary), are anticipated to obtain the funds of dividends on or round September 3, 2024. Dividends to the Firm’s ADS holders are anticipated to be paid by the Depositary on or round September 6, 2024, and might be topic to the phrases of the deposit settlement by and among the many Firm and the Depositary, and the holders and helpful homeowners of ADSs issued thereunder, together with the charges and bills payable thereunder.
The mixture amount of money to be distributed for the dividends is anticipated to be roughly US$26.6 million.
About Jiayin Group Inc .
Jiayin Group Inc. is a number one fintech platform in China dedicated to facilitating efficient, clear, safe and quick connections between underserved particular person debtors and monetary establishments. The origin of the enterprise of the Firm may be traced again to 2011. The Firm operates a extremely safe and open platform with a complete threat administration system and a proprietary and efficient threat evaluation mannequin which employs superior massive knowledge analytics and complicated algorithms to precisely assess the chance profiles of potential debtors. For extra data, please go to https://ir.jiayintech.cn/.
Protected Harbor / Ahead-Wanting Statements
This announcement comprises forward-looking statements. These statements are made below the secure harbor provisions of the US Non-public Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology akin to will, expects, anticipates, future, intends, plans, believes, estimates and related statements. The Firm may make written or oral forward-looking statements in its periodic stories to the U.S. Securities and Trade Fee, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic details, together with statements in regards to the Firm’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties and are based mostly on present expectations, assumptions, estimates and projections in regards to the Firm and the business. Potential dangers and uncertainties embrace, however should not restricted to, these referring to the Firm’s capability to retain present buyers and debtors and appeal to new buyers and debtors in an efficient and cost-efficient approach, the Firm’s capability to extend the funding quantity and mortgage origination of loans quantity facilitated by its market, effectiveness of the Firm’s credit score evaluation mannequin and threat administration system, PRC legal guidelines and rules referring to the web particular person finance business in China, basic financial situations in China, and the Firm’s capability to fulfill the requirements obligatory to keep up itemizing of its ADSs on the Nasdaq Inventory Market or different inventory alternate, together with its capability to treatment any non-compliance with the continued itemizing standards of the Nasdaq Inventory Market. All data offered on this press launch is as of the date hereof, and the Firm undertakes no obligation to replace any forward-looking statements to mirror subsequent occurring occasions or circumstances, or adjustments in its expectations, besides as could also be required by legislation. Though the Firm believes that the expectations expressed in these forward-looking statements are cheap, it can’t guarantee you that its expectations will change into appropriate, and buyers are cautioned that precise outcomes could differ materially from the anticipated outcomes. Additional data relating to dangers and uncertainties confronted by the Firm is included within the Firm’s filings with the U.S. Securities and Trade Fee, together with its annual report on Kind 20-F.
For investor and media inquiries, please contact:
Jiayin Group
Mr. Shawn Zhang
E-mail: ir@jiayinfintech.cn
