Sunlands Technology Group Announces Special Cash Dividend
BEIJING, June 14, 2022 /PRNewswire/ -- Sunlands Technology Group (NYSE:STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that the Board of Directors of the Company has declared a special cash dividend of US$1.36 per ordinary share, or US$0.68 per American Depositary Share ("ADS") to holders of the Company's ordinary shares and ADSs of record at the close of business on June 30, 2022, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. Dividends to such holders are expected to be distributed on or about July 29, 2022.
"By achieving sustained profitability with a net profit of RMB176.5 million,
