Summary by Moomoo AI
NetDragon Network Holdings Limited (“NetDragon”) announced on 13 December 2023 that, pursuant to the provisions of Section 15 of the Application Guidelines, the Board of Directors adopted a resolution to declare 676,681 shares of U.S. Depository held indirectly by ND (BVI) representatives of MYND Ordinary Shares to shareholders by physical distribution Interest. The physical distribution will be made on the expiry of the distribution compliance period, i.e. 40 days from the completion date. The transfer date of the US Depositary Shares is expected to be 15 February 2024. Eligible shareholders will have the option to receive cash of distributed US Depositary Shares or equivalent value. Eligible shareholders holding fewer than 1,000 shares of common stock and unqualified shareholders in the United States Depository will receive cash distributions only. NetDragon reminds shareholders that the option form must be submitted to the Share Transfer Registry by 4:30 p.m. on January 23, 2024 and advises shareholders to seek professional advice on whether they choose to receive cash or distribute US Depositary Shares.
