Yeebo Declares a Special Dividend of HKD1.8 per Share

Accelerating Growth in AI and AI Compute

HONG KONG SAR – Media OutReach Newswire – 22 January 2025 – Yeebo (International Holdings) Limited (“Yeebo” or the “Company”, stock code: 259, which together with its subsidiaries is referred to as the “Group”) announced that the board of directors of the Company (the “Board”) resolved to declare a special dividend of HKD1.8 per share today.

The Board declared a special dividend following the Group’s disposal of 127,578,590 shares of Nantong Jianghai (stock code: 002484.SZ), representing approximately 15% of Nantong Jianghai’s issued shares. After the transaction, Yeebo stays on as a strategic shareholder with a substantial 13.81% stake and continues confidence in Nantong Jianghai’s robust growth prospects. As at 22 January 2025, the closing price of Nantong Jianghai was RMB26.77 per share, and the market value of the Group’s interest in Nantong Jianghai was approximately RMB3.1 billion.
The disposal generated net proceeds of approximately HK$2.2 billion, which will enhance Yeebo’s financial strength and catalyze further business expansion and development. The special dividend will be payable on or around 24 February 2025, to the shareholders of the Company whose names appear on the register of members of the Company on 12 February 2025.
Mr. Douglas Fang, Chairman of Yeebo, said, “We are delighted to announce the completion of this transaction and the distribution of a special dividend to our shareholders. This reaffirms our dedication to value creation and the commitment to rewarding our shareholders for their ongoing support. By maintaining a strategic stake in Nantong Jianghai, we anticipate continued benefits from its future growth, delivering even greater rewards to our shareholders.
“We will also use some of the proceeds to further develop our core business. Over the past 18 months, we have also expanded into the field of artificial intelligence (AI) and AI compute, making significant strides in this emerging high-growth area. This advancement will drive future growth and long-term development.”

Hashtag: #Yeebo

The issuer is solely responsible for the content of this announcement.

About Yeebo (International Holdings) Limited

Founded in 1988, Yeebo (International Holdings) Limited is a diversified electronic component company, with a wide range of business interests in flat panel display, OLED and capacitor. Headquartered in Hong Kong, the manufacturing activities largely reside in Guangdong and Jiangsu provinces. With a global sales footprint, Yeebo is able to serve its global customers on a local basis.

Adlena Wong

Recent Posts

Devialet and Roland Garros Serve Up Exclusive Phantom Ultimate Collector’s Edition Inspired by the Legendary Clay Courts

French acoustic engineering specialist Devialet has partnered with the prestigious Roland Garros tournament to unveil…

7 hours ago

Chick-fil-A Singapore Expands Permanent Menu with Frosted Lemonade, Frosted Coffee and New Premium Coffee Range

Chick-fil-A Singapore is adding more variety to its beverage offerings with the launch of eight…

10 hours ago

Decathlon and MetaSport Launch The Kiprun Singapore 2026 with Affordable Race Fees and Festival Experience

Decathlon Singapore has partnered with MetaSport to introduce a new flagship running event, The Kiprun…

13 hours ago

UOL Malls Brings Back U-CAMP and Urban Beat with Creative Workshops, Sports Activities and Family Fun This June Holidays

Families looking for meaningful ways to spend the June school holidays can look forward to…

16 hours ago

NEX Brings Football Fever to Life with Interactive Challenges, Weekly Rewards and World Cup Inspired Experiences

Football excitement is taking over NEX this season as the mall rolls out Score Big…

18 hours ago