Summary by Futu AI
NetDragon Network Holdings Limited (“NetDragon”) issued a circular on January 5, 2024 announcing that it will make a distribution of U.S. depositary shares to shareholders registered on December 29, 2023. Eligible Shareholders who hold 1,000 shares or more may elect to receive US Depositary Shares or Cash for distribution. Shareholders who elect to receive US Depositary Shares shall be sent to the Share Transfer Registry by 4:30pm on 23 January 2024. Shareholders who fail to provide correct escrow participant account information will choose to receive cash by default. In addition, eligible and non-eligible shareholders holding less than 1,000 shares will receive cash directly. Netlong stresses that shareholders should ensure the accuracy of the selected form information and note that all distributions are subject to the terms and conditions set forth in the Circular.