XI'AN, China, August 27, 2024 /PRNewswire/ — Entrepreneur Universe Bright Group (“EUBG” or the “Company”) (OTCQB: EUBG), a digital marketing consulting firm, is pleased to announce today that its Board of Directors (the “Board”) has declared a one-time special dividend $0.0013 per share of EUBG common stock, or a sum of approx $2.2 million. The board declared a dividend based on financial performance and stable profit for the second quarter of 2024.
According to the financial report from June 30, 2024The company is currently withholding earnings $3,051,537 available for distribution. The Board believes that distributing cash dividends at this time is in the best interest of the Company. As a result, the Board has decided to declare a one-time special cash dividend from the Company's reserves, through a distribution plan $0.0013 per share. The payment date is set September 12, 2024and the date of record and the old date of the return will both be dated August 30, 2024. In accordance with FINRA UPC (Uniform Practice Code) Rule 11140, for dividends less than 25% of the value of the underlying security, the ex-dividend date must coincide with the record date.
Total dividend distribution of $0.0013 each share is estimated at approx $2.2 millionrepresenting approximately 22.05 % of the Company's liquid assets as of June 30, 2024. After the distribution of the budget, the Company's reserves will remain sufficient to meet its working capital, debt, and other capital needs.
Given that some shareholders are located on the continent China, Hong Kong, Taiwanand other regions, the process from the announcement and implementation of the dividend plan to the completion of government approval and related arrangements by third-party agencies usually requires 2 to 6 months for shareholders in these regions to receive dividend payments. The actual time of receipt will depend on the processing time of banks and financial institutions in each region of the shareholders, and especially on the regulatory policies and regulations that govern the benefits of money invested overseas in various countries and regions. Shareholders with securities accounts in the United States will not be affected by these factors.
Mr. Tao Guolinthe Chairman and CEO of the Company, expressed his happiness: “This is the first time that the Company has distributed dividends to shareholders as a sign of gratitude for their long-term support and their contributions. Although the uncertainty in the macro-economic situation may affect the future of the Company. activities, we are well prepared and confident in facing the various challenges On the basis of the Company's stable financial policies, we will continue to focus on expanding our core business in different sectors in both the Chinese and international markets, continuously creating greater value for the company's shareholders.”
About ENTREPRENEUR UNIVERSE BRIGHT GROUP
ENTREPRENEUR UNIVERSE BRIGHT GROUP it's a Nevada a company that owns and conducts all of its operations through its wholly owned subsidiaries Hong Kong and to the People's Republic of China. I China the subsidiary is mainly involved in consulting, identification and marketing services China with its support Hong Kong subsidiary company. The company is dedicated to providing business consulting services covering a wide range of markets China. For more information about the Company, please visit:
Safe Harbor Statement
This press release contains projections and “forward-looking statements” as defined by the Private Sector Reform Act of 1995 relating to the Company's business. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events or performance, and basic assumptions and other statements that are other than statements of historical fact. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that are not solely historical. Importantly, the statements Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's policies and strategies; of the Company's business in the future; the demand and acceptance of the product; the impact of the changes in the economy and the business China and considerations under or related to any of the above and other risks contained in reports filed by the Company with SEC. For these reasons, among others, investors are cautioned not to place undue reliance on any forward-looking statements in this press release. Additional features are discussed in the Company's publications and SECavailable for review at www.sec.gov. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances occurring after the date hereof.
