Huya declares special cash dividend of 66c per share

The board of directors of the company has declared a special cash dividend of 66c per ordinary share, or 66c per ADS, to holders of ordinary shares and holders of ADSs of record as of the close of business on May 10, payable in U.S. dollars. The ex-dividend date will be May 9. The total amount of cash to be distributed for the dividend is expected to be approximately $150M, which will be funded by surplus cash on the company’s balance sheet. The payment date for holders of ordinary shares and holders of ADSs is expected to be on or around May 24. The dividend to be paid to the company’s ADS holders through the depositary bank will be subject to the terms of the deposit agreement.