NEW
YORK, Dec. 12, 2023 /PRNewswire/ -- Autohome
Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the
leading online destination for automobile consumers in China, today announced that the Company's
board of directors (the "Board") had approved a cash dividend of
US$1.15 per ADS (or US$0.2875 per ordinary share) payable in U.S.
dollars (the "Dividend") to holders of ADSs and ordinary shares of
record as of the close of business on December 29, 2023, New York Time and Beijing/Hong Kong Time, respectively. The
aggregate amount of the Dividend will be approximately RMB1 billion. For holders of ordinary shares, in
order to qualify for the Dividend, all valid documents for the
transfer of shares accompanied by the relevant share certificates
must be lodged for registration with the Company's Hong Kong branch share registrar,
Computershare Hong Kong Investor Services Limited, at Shops
1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East,
Wanchai, Hong Kong no later than
4:30 p.m. on December 29, 2023 (Beijing/Hong Kong Time). The Dividend is
expected to be paid to holders of ordinary shares and ADSs (through
the depositary bank and subject to the terms of the deposit
agreement) on or around March 27,
2024.
In light of Autohome's strong cash balance and healthy cash
flow, the Board also approved an amendment to its dividend policy,
pursuant to which the Board intends to declare a cash dividend
semi-annually from 2024 to 2026. The total yearly cash dividend is
expected to be no less than RMB1.5
billion with the exact amount to be determined by the Board
based on the Company's then financial performance, cash position,
and applicable foreign exchange laws and regulations in
China, among other factors.
Mr. Craig Yan Zeng, the Chief
Financial Officer of the Company, commented, "The declaration of a
cash dividend and the amendment to our dividend policy reflect our
robust cash position, strong cash flow and confidence in our future
growth prospects. As we head into 2024, we will continue to focus
on delivering value to our shareholders."
About Autohome Inc.
Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online
destination for automobile consumers in China. Its mission is to relentlessly reduce
auto industry decision-making and transaction costs driven by
advanced technology. Autohome provides occupationally generated
content, professionally generated content, user-generated content,
and AI-generated content, a comprehensive automobile library, and
extensive automobile listing information to automobile consumers,
covering the entire car purchase and ownership cycle. The ability
to reach a large and engaged user base of automobile consumers has
made Autohome a preferred platform for automakers and dealers to
conduct their advertising campaigns. Further, the Company's dealer
subscription and advertising services allow dealers to market their
inventory and services through Autohome's platform, extending the
reach of their physical showrooms to potentially millions of
internet users in China and
generating sales leads for them. The Company offers sales leads,
data analysis, and marketing services to assist automakers and
dealers with improving their efficiency and facilitating
transactions. Autohome operates its "Autohome Mall," a full-service
online transaction platform, to facilitate transactions for
automakers and dealers. Further, through its websites and mobile
applications, it also provides other value-added services,
including auto financing, auto insurance, used car
transactions, and aftermarket services. For further information,
please visit https://www.autohome.com.cn.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will", "expects", "anticipates", "future",
"intends", "plans", "believes", "estimates" and similar statements.
Statements that are not historical facts, including statements
about Autohome's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement. Further information regarding these and other risks is
included in Autohome's filings with the SEC and announcements on
the website of the Hong Kong Stock Exchange. All information
provided in this press release is as of the date of this press
release, and Autohome does not undertake any obligation to update
any forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Autohome Inc.
Investor Relations
Sterling Song
Investor Relations Director
Tel: +86-10-5985-7483
E-mail: ir@autohome.com.cn
Christensen China Limited
Suri Cheng
Tel: +86-185-0060-8364
E-mail: suri.cheng@christensencomms.com
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SOURCE Autohome Inc.