XI’AN, China, Aug. 27, 2024 /PRNewswire/ — Entrepreneur Universe Vibrant Group (“EUBG” or the “Firm”) (OTCQB: EUBG), a digital advertising and marketing consulting firm, is happy to announce in the present day that its Board of Administrators (the “Board”) has declared a particular one-time money dividend of $0.0013 per share of EUBG’s widespread inventory, or an combination of roughly $2.2 million. The Board declared the dividend based mostly on the monetary efficiency and secure profitability of the second quarter of 2024.
In line with the monetary report as of June 30, 2024, the Firm presently has retained earnings of $3,051,537 obtainable for distribution. The Board believes that distributing money dividends right now is in the very best curiosity of the Firm. Consequently, the Board has determined to declare a one-time particular money dividend from the Firm’s retained earnings, with a distribution plan of $0.0013 per share. The payout date is about for September 12, 2024, and the file date and ex-dividend date will each be on August 30, 2024. In accordance with FINRA UPC (Uniform Follow Code) Rule 11140, for dividends lower than 25% of the worth of the underlying safety, the ex-dividend date ought to coincide with the file date.
The full dividend distribution of $0.0013 per share quantities to roughly $2.2 million, representing roughly 22.05 % of the Firm’s liquid belongings as of June 30, 2024. After the dividend distribution, the Firm’s money reserves will stay ample to fulfill its working capital, liabilities, and different money necessities.
On condition that some shareholders are positioned in mainland China, Hong Kong, Taiwan, and different areas, the method from the announcement and implementation of the dividend plan to the completion of presidency approvals and associated preparations by third-party establishments sometimes requires 2 to six months for shareholders in these areas to obtain the dividend funds. The precise time of receipt will rely on the processing time of banks and monetary establishments in every shareholder’s area, and particularly on the regulatory insurance policies and rules governing capital features from abroad investments in numerous international locations and areas. Shareholders with securities accounts in the US is not going to be affected by these elements.
Mr. Tao Guolin, Chairman and CEO of the Firm, expressed his pleasure: “That is the primary time the Firm is distributing dividends to shareholders as a token of appreciation for his or her Lengthy-term help and contributions. Though uncertainties within the macroeconomic setting could impression the Firm’s future operations, we’re well-prepared and assured in dealing with varied challenges. On the muse of the Firm’s secure monetary insurance policies, we are going to proceed to deal with increasing our core enterprise throughout totally different sectors in each the Chinese language and worldwide markets, constantly creating better worth for our shareholders.”
About ENTREPRENEUR UNIVERSE BRIGHT GROUP
ENTREPRENEUR UNIVERSE BRIGHT GROUP is a Nevada holding firm and conducts all of its operations by its wholly-owned subsidiaries in Hong Kong and in the Folks’s Republic of China. The China subsidiary primarily engages in consulting, sourcing and advertising and marketing companies in China with help from its Hong Kong subsidiary. The Firm is devoted to offering enterprise consulting companies masking a number of markets throughout China. For extra details about the Firm, please go to: http://www.eubggroup.com/.
Secure Harbor Assertion
This press launch comprises projections and “forward-looking statements” as outlined by the Personal Securities Litigation Reform Act of 1995 associated to the Firm’s enterprise. Ahead-looking statements embody statements regarding plans, aims, objectives, methods, future occasions or efficiency, and underlying assumptions and different statements which can be apart from statements of historic info. When the Firm makes use of phrases akin to “could, “will, “intend,” “ought to,” “consider,” “count on,” “anticipate,” “challenge,” “estimate” or related expressions that don’t relate solely to historic issues, it’s making forward-looking statements. Ahead-looking statements aren’t ensures of future efficiency and contain dangers and uncertainties which will trigger the precise outcomes to vary materially from the Firm’s expectations mentioned within the forward-looking statements. These statements are topic to uncertainties and dangers together with, however not restricted to, the next: the Firm’s objectives and techniques; the Firm’s future enterprise improvement; monetary situation and outcomes of operations; product and repair demand and acceptance; status and model; the impression of competitors and pricing; adjustments in expertise; authorities rules; fluctuations usually financial and enterprise circumstances in China and assumptions underlying or associated to any of the foregoing and different dangers contained in stories filed by the Firm with the SEC. For these causes, amongst others, buyers are cautioned to not place undue reliance upon any forward-looking statements on this press launch. Extra elements are mentioned within the Firm’s filings with the SEC, which can be found for evaluation at www.sec.gov. The Firm undertakes no obligation to publicly revise these forward-looking statements to replicate occasions or circumstances that come up after the date hereof.