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.
Media OutReach Newswire 
