Quantasing group (NASDAQ stock code: QSG) announced on October 1st that it will distribute its first special cash dividend after going public. Based on long-term confidence in performance growth and financial condition, its board of directors has approved and announced a distribution of $0.067 per common share, or $0.201 per American Depositary Share (ADS).

It is expected that the total amount of dividends to be distributed this time will be approximately $11 million, to be paid in US dollars, sourced from the company's retained earnings and allocated from the company's premium on stock capital account. It is expected to pay dividends to ordinary shareholders on or around November 7, 2024, and to American Depositary Share (ADS) holders on or around November 15, 2024, whereby shareholders holding ordinary shares and ADS as of October 30, 2024 will be entitled to the corresponding dividends.

Quantasing group (NASDAQ: QSG) demonstrated strong momentum in the just concluded fiscal year 2024. The total revenue for the year reached 3.8 billion yuan, a year-on-year growth of 23.2%; the revenue for the fourth quarter was 1 billion yuan, a year-on-year growth of 20.7%. Adjusted net income has been profitable for seven consecutive quarters, with a continuous improvement in profitability. As of June 30, 2024, the total number of registered users was 0.1276 billion, maintaining high-quality growth.