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BEIJING, June 14, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2024 before U.S. market opens on Friday, on June 21, 2024. Yiren Digital's management will host an earnings conference call at 7:30 a.m. U.S. Eastern Time on June 21, 2024 (or 7:30 p.m. Beijing/Hong Kong Time on June 21, 2024). Participants who wish to join the call should register online in advance of the conference at: https://dpregister.com/sreg/10189856/fcb1994da0 Once registration is completed, participants will receive the dial-in details for the conference call. Additionally, a live and archived webcast of the conference call will be available at https://event.choruscall.com/mediaframe/webcast.html?webcastid=1RBjWm6O About Yiren Digital Yiren Digital Ltd. is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in China. Our mission is to elevate customers' financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services. We support clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.
JAKARTA, Indonesia, June 13, 2024 /PRNewswire/ -- PT. Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) directors have been actively buying BBRI shares, according to information disclosed to the Indonesia Stock Exchange (BEI) on June 12. BRI's Deputy CEO, Catur Budi Harto purchased 230,000 BBRI shares on June 7th, bringing his total holdings to 4,045,557 shares. On the same day, BRI's CFO, Viviana, also purchased 280,000 BBRI shares, bringing her total holdings to 3,659,500 shares. On June 10th, the Director of Micro Business, Supari, purchased 213,300 BBRI shares, bringing his holdings to 4,970,914 shares. "The transaction is for personal investment purposes," Agustya Hendy Bernadi, BRI's corporate secretary, said in response. Despite a 23% year-to-date decline in BBRI stocks, the company continues to show strong growth. RHB Securities analysts Andrey Wijaya and David Chong, in their June 11, 2024, research, suggest a potential price increase, noting that the risks are already factored in. BRI's financial report shows it led Big Cap banks with the fastest profit growth during the first four months of 2024, up 4.5% year-on-year. This increase, driven by robust loan growth and an effective cost of credit (CoC), included a 12% year-on-year loan increase in April. Analysts Andrey and David emphasized BBRI's sector-leading performance, "CoC for 4M24 dropped to 3.7% (3M24; 3.8%), with expectations to drop below 3% for the entire year. CASA and LDR ratios remain stable," they detailed in their research. The 4.5% profit growth for the first four months of 2024 also met analysts' expectations, equivalent to 28% of the forecast for the year. Based on such promising potential, RHB Securities maintains and affirms a Buy recommendation for BBRI stocks with a target price of Rp6,300 per share, predicting a 40% potential increase, aligned with excellent performance. Also, 33 analysts unanimously recommend buying BBRI stocks based on Bloomberg consensus. Not a single analyst recommends selling. All of them firmly gave a Buy rating. The Bloomberg consensus yields a potential target price of Rp6,105 per share for the upcoming 12 months. Recently, Jayden Vantarakis, an analyst at Macquarie, gave a buy recommendation with a target price of Rp6,630 per share. Moreover, Erni M. Siahaan, an analyst at Ciptadana Securities, also gave a buy recommendation with a target price of Rp7,000 per share. For more information on BRI, visit www.bri.co.id
SHANGHAI, June 13, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Financial and Operational Highlights Total revenues were RMB64.4 million (US$8.9 million), compared with RMB542.6 million in the same period of 2023. Income from operations was RMB74.2 million (US$10.3 million) for the three months ended March 31, 2024, an increase of 43.1% from RMB51.8 million in the same period last year. Net income was RMB90.0 million (US$12.5 million) for the three months ended March 31, 2024, an increase of 14.3% from RMB78.8 million in the same period last year. The total outstanding balance of financing transactions the Company facilitated was RMB7.6 billion (US$1.1 billion) as of March 31, 2024. M1+ and M3+ overdue ratios for all financing transactions that remained outstanding and were facilitated by the Company were 2.87% and 1.51%, respectively, as of March 31, 2024, compared with 2.66% and 1.37%, respectively, as of December 31, 2023. Total balance of cash and cash equivalents, short-term investments and restricted cash - current - bank deposits held for short-term investments increased by RMB152.6 million (US$21.1 million) compared to that as of December 31, 2023. The liquidity improvement was primarily driven by the positive operating cash flow generated by decreased working capital for car trading transactions, collections of financing receivables, and loan facilitation service fees. Mr. Jiayuan Lin, Chief Executive Officer of Cango, commented, "In the first quarter of 2024, the Chinese automotive industry continued to encounter significant challenges. Traditional automakers are under pressure to transform and adapt to the new energy era and emerging NEV manufacturers are facing intense market competition and severe profitability struggles. In response to these trends, Cango proactively reduced the scale of our self-operated new car business, streamlined purchasing, and optimized inventory management, mitigating the risk of declining new car prices. "In the first quarter, we completed the integration of 'Cango U-car' and further strengthened the platform's competitive advantages by ensuring a consistent supply of high-quality vehicles, optimizing dealer service experiences and supply chain management. "We also made significant strides in cross-border used car transactions during the first quarter. In March, we officially launched a cross-border information platform specifically for used car transactions. This platform brings insights into the Chinese used car market to multilingual global users, filling a gap in domestic cross-border used car transaction information services. Our ultimate goal is to build this platform into the preferred gateway for Chinese used cars to enter the international market. "Looking ahead, we will remain committed to exploring new business models and expanding growth opportunities. We firmly believe that through continuous innovation and meticulous management, Cango will drive a long-term and sustainable development," concluded Mr. Lin. Mr. Yongyi Zhang, Chief Financial Officer of Cango, stated, "Our strategic efforts to scale back new car inventory and improve operational efficiency have begun to bear fruit, resulting in a profit for the first quarter of 2024. We also achieved a third consecutive quarter of positive operating cash flow, allowing us to maintain a strong cash position. We are confident that our meticulous cost control and effective liquidity management will propel Cango's long-term growth and progress." First Quarter 2024 Financial Results REVENUES Total revenues in the first quarter of 2024 were RMB64.4 million (US$8.9 million) compared with RMB542.6 million in the same period of 2023. The guarantee income, which represented the fee income earned on the non-contingent aspect of a guarantee, was RMB30.3 million (US$4.2 million) in the first quarter of 2024. This was presented separately from the contingent aspect of a guarantee pursuant to the adoption of ASC 326 since January 1, 2023. OPERATING COST AND EXPENSES Cost of revenue in the first quarter of 2024 decreased to RMB29.1 million (US$4.0 million) from RMB480.5 million in the same period of 2023. As a percentage of total revenues, cost of revenue in the first quarter of 2024 was 45.1% compared with 88.6% in the same period of 2023. Sales and marketing expenses in the first quarter of 2024 decreased to RMB3.5 million (US$0.5 million) from RMB12.5 million in the same period of 2023. General and administrative expenses in the first quarter of 2024 decreased to RMB37.9 million (US$5.3 million) from RMB39.8 million in the same period of 2023. Research and development expenses in the first quarter of 2024 decreased to RMB1.1 million (US$0.2 million) from RMB8.1 million in the same period of 2023. Net gain on contingent risk assurance liabilities in the first quarter of 2024 was RMB15.0 million (US$2.1 million) compared with RMB1.6 million in the same period of 2023. The gain was recognized due to the release of obligations from the contingent aspect of the risk assurance liabilities. Net recovery on provision for credit losses in the first quarter of 2024 was RMB66.3 million (US$9.2 million). The recovery was primarily due to the positive impact from the collections of financing receivables. INCOME FROM OPERATIONS Income from operations in the first quarter of 2024 was RMB74.2 million (US$10.3 million), an increase of 43.1% from RMB51.8 million in the same period of 2023. NET INCOME Net income in the first quarter of 2024 was RMB90.0 million (US$12.5 million). Non-GAAP adjusted net income in the first quarter of 2024 was RMB95.7 million (US$13.3 million). Non-GAAP adjusted net income excludes the impact of share-based compensation expenses. For further information, see "Use of Non-GAAP Financial Measure." NET INCOME PER ADS Basic and diluted net income per American Depositary Share (the "ADS") in the first quarter of 2024 were RMB0.85 (US$0.12) and RMB0.80 (US$0.11), respectively. Non-GAAP adjusted basic and diluted net income per ADS in the first quarter of 2024 were RMB0.91 (US$0.13) and RMB0.85 (US$0.12), respectively. Each ADS represents two Class A ordinary shares of the Company. BALANCE SHEET As of March 31, 2024, the Company had cash and cash equivalents of RMB1.2 billion (US$160.1 million), compared with RMB1.0 billion as of December 31, 2023. As of March 31, 2024, the Company had short-term investments of RMB2.3 billion (US$321.6 million), compared with RMB635.1 million as of December 31, 2023. The increase was mainly due to the conversion from restricted cash – bank deposits held for short-term investments of RMB1,670.0 million on December 31, 2023 after the Company completed its subscription process. Business Outlook For the second quarter of 2024, the Company expects total revenues to be between RMB35 million and RMB45 million. This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change. Share Repurchase Program Pursuant to the share repurchase program announced on April 23, 2024 (the "New Share Repurchase Program"), the Company had repurchased 360,858 ADSs with cash in the aggregate amount of approximately US$578,975.4 up to May 31, 2024. Conference Call Information The Company's management will hold a conference call on Wednesday, June 12, 2024, at 9:00 P.M. Eastern Time or Thursday, June 13, 2024, at 9:00 A.M. Beijing Time to discuss the financial results. Listeners may access the call by dialing the following numbers: International: +1-412-902-4272 United States Toll Free: +1-888-346-8982 Mainland China Toll Free: 4001-201-203 Hong Kong, China Toll Free: 800-905-945 Conference ID: Cango Inc. The replay will be accessible through June 19, 2024 by dialing the following numbers: International: +1-412-317-0088 United States Toll Free: +1-877-344-7529 Access Code: 8381005 A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cangoonline.com/. About Cango Inc. Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China, connecting car buyers, dealers, financial institutions, and other industry participants. Founded in 2010 by a group of pioneers in China's automotive finance industry, the Company is headquartered in Shanghai and has a nationwide network. Leveraging its competitive advantages in technological innovation and big data, Cango has established an automotive supply chain ecosystem, and developed a matrix of products centering on customer needs for auto transactions, auto financing and after-market services. By working with platform participants, Cango endeavors to make car purchases simple and enjoyable, and make itself customers' car purchase service platform of choice. For more information, please visit: www.cangoonline.com. Definition of Overdue Ratios The Company defines "M1+ overdue ratio" as (i) exposure at risk relating to financing transactions for which any installment payment is 30 to 179 calendar days past due as of a specified date, divided by (ii) exposure at risk relating to all financing transactions which remain outstanding as of such date, excluding amounts of outstanding principal that are 180 calendar days or more past due. The Company defines "M3+ overdue ratio" as (i) exposure at risk relating to financing transactions for which any installment payment is 90 to 179 calendar days past due as of a specified date, divided by (ii) exposure at risk relating to all financing transactions which remain outstanding as of such date, excluding amounts of outstanding principal that are 180 calendar days or more past due. Use of Non-GAAP Financial Measure In evaluating the business, the Company considers and uses Non-GAAP adjusted net income (loss), a Non-GAAP measure, as a supplemental measure to review and assess its operating performance. The presentation of the Non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines Non-GAAP adjusted net income (loss) as net income (loss) excluding share-based compensation expenses. The Company presents the Non-GAAP financial measure because it is used by the management to evaluate the operating performance and formulate business plans. Non-GAAP adjusted net income (loss) enables the management to assess the Company's operating results without considering the impact of share-based compensation expenses, which are non-cash charges. The Company also believes that the use of the Non-GAAP measure facilitates investors' assessment of its operating performance. Non-GAAP adjusted net income (loss) is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This Non-GAAP financial measure has limitations as analytical tools. One of the key limitations of using Non-GAAP adjusted net income (loss) is that it does not reflect all items of expense that affect the Company's operations. Share-based compensation expenses have been and may continue to be incurred in the business and are not reflected in the presentation of Non-GAAP adjusted net income (loss). Further, the Non-GAAP measure may differ from the Non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the Non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company's performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure. Reconciliations of Cango's Non-GAAP financial measure to the most comparable U.S. GAAP measure are included at the end of this press release. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2203 to US$1.00, the noon buying rate in effect on March 29, 2024, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States 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. Among other things, the "Business Outlook" section and quotations from management in this announcement, contain forward-looking statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango'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, including but not limited to the following: Cango's goal and strategies; Cango's expansion plans; Cango's future business development, financial condition and results of operations; Cango's expectations regarding demand for, and market acceptance of, its solutions and services; Cango's expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact Yihe LiuCango Inc.Tel: +86 21 3183 5088 ext.5581Email: ir@cangoonline.com Twitter: https://twitter.com/Cango_Group Helen WuPiacente Financial CommunicationsTel: +86 10 6508 0677Email: ir@cangoonline.com CANGO INC.UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEET(Amounts in Renminbi ("RMB") and US dollar ("US$"), except for number of shares and per share data） As of December 31, 2023 As of March 31,2024 RMB RMB US$ ASSETS: Current assets: Cash and cash equivalents 1,020,604,191 1,155,986,847 160,102,329 Restricted cash - current - bank deposits held for short-term investments 1,670,006,785 - - Restricted cash - current - others 14,334,937 13,744,123 1,903,539 Short-term investments 635,070,394 2,322,320,101 321,637,619 Accounts receivable, net 64,791,709 106,148,788 14,701,437 Finance lease receivables - current, net 200,459,435 133,027,146 18,424,047 Financing receivables, net 29,522,035 20,366,970 2,820,793 Short-term contract asset 170,623,200 80,595,646 11,162,368 Prepayments and other current assets 78,606,808 79,424,682 11,000,191 Total current assets 3,884,019,494 3,911,614,303 541,752,323 Non-current assets: Restricted cash - non-current 583,380,417 538,159,571 74,534,240 Property and equipment, net 8,239,037 7,635,993 1,057,573 Intangible assets 48,373,192 48,107,157 6,662,764 Long-term contract asset 36,310,769 564,583 78,194 Finance lease receivables - non-current, net 36,426,617 22,252,619 3,081,952 Operating lease right-of-use assets 47,154,944 47,531,988 6,583,104 Other non-current assets 4,705,544 4,491,801 622,107 Total non-current assets 764,590,520 668,743,712 92,619,934 TOTAL ASSETS 4,648,610,014 4,580,358,015 634,372,257 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term debts 39,071,500 26,650,000 3,690,982 Long-term debts—current 926,237 888,415 123,044 Accrued expenses and other current liabilities 206,877,626 173,238,481 23,993,251 Deferred guarantee income 86,218,888 55,959,307 7,750,275 Contingent risk assurance liabilities 125,140,991 81,427,530 11,277,583 Income tax payable 311,904,279 323,337,170 44,781,681 Short-term lease liabilities 7,603,380 8,654,701 1,198,662 Total current liabilities 777,742,901 670,155,604 92,815,478 Non-current liabilities: Long-term debts 712,023 665,401 92,157 Deferred tax liability 10,724,133 10,724,133 1,485,275 Long-term operating lease liabilities 42,228,435 42,027,702 5,820,769 Other non-current liabilities 226,035 143,886 19,928 Total non-current liabilities 53,890,626 53,561,122 7,418,129 Total liabilities 831,633,527 723,716,726 100,233,607 Shareholders' equity Ordinary shares 204,260 204,260 28,290 Treasury shares (773,130,748) (844,938,545) (117,022,637) Additional paid-in capital 4,813,679,585 4,814,230,470 666,763,219 Accumulated other comprehensive income 111,849,166 132,744,094 18,384,845 Retained earnings (335,625,776) (245,598,990) (34,015,067) Total Cango Inc.'s equity 3,816,976,487 3,856,641,289 534,138,650 Total shareholders' equity 3,816,976,487 3,856,641,289 534,138,650 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 4,648,610,014 4,580,358,015 634,372,257 CANGO INC.UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME(Amounts in Renminbi ("RMB") and US dollar ("US$"), except for number of shares and per share data) Three months ended March 31 2023 2024 RMB RMB US$ Revenues 542,613,363 64,422,494 8,922,412 Loan facilitation income and other related income 2,315,400 13,821,022 1,914,189 Guarantee income 64,128,746 30,259,581 4,190,904 Leasing income 22,213,681 4,939,712 684,142 After-market services income 16,719,476 11,637,788 1,611,815 Automobile trading income 429,849,643 3,445,040 477,133 Others 7,386,417 319,351 44,229 Operating cost and expenses: Cost of revenue 480,517,980 29,058,868 4,024,607 Sales and marketing 12,538,562 3,548,273 491,430 General and administrative 39,802,530 37,923,531 5,252,348 Research and development 8,102,363 1,098,105 152,086 Net gain on contingent risk assurance liabilities (1,622,556) (15,018,246) (2,080,003) Net recovery on provision for credit losses (48,554,100) (66,339,084) (9,187,857) Total operation cost and expense 490,784,779 (9,728,553) (1,347,389) Income from operations 51,828,584 74,151,047 10,269,801 Interest income, net 18,780,880 16,503,965 2,285,773 Net gain on equity securities 3,732,355 10,984,524 1,521,339 Interest expense (2,294,085) - - Foreign exchange (loss) gain, net (984,307) 131,689 18,239 Other income, net 4,459,897 832,551 115,307 Other expenses (130,885) (535,390) (74,151) Net income before income taxes 75,392,439 102,068,386 14,136,308 Income tax benefit (expense) 3,372,638 (12,041,600) (1,667,742) Net income 78,765,077 90,026,786 12,468,566 Net income attributable to Cango Inc.'s shareholders 78,765,077 90,026,786 12,468,566 Earnings per ADS attributable to ordinary shareholders: Basic 0.58 0.85 0.12 Diluted 0.56 0.80 0.11 Weighted average ADS used to compute earnings per ADS attributable to ordinary shareholders: Basic 134,769,131 105,521,018 105,521,018 Diluted 140,231,084 112,786,810 112,786,810 Other comprehensive (loss) income, net of tax Foreign currency translation adjustment (6,020,579) 20,894,928 2,893,914 Total comprehensive income 72,744,498 110,921,714 15,362,480 Total comprehensive income attributable to Cango Inc.'s shareholders 72,744,498 110,921,714 15,362,480 CANGO INC.RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS(Amounts in Renminbi ("RMB") and US dollar ("US$"), except for number of shares and per share data) Three months ended March 31 2023 2024 (Unaudited) (Unaudited) (Unaudited) RMB RMB US$ Net income 78,765,077 90,026,786 12,468,566 Add: Share-based compensation expenses 14,059,098 5,717,422 791,854 Cost of revenue 747,416 254,391 35,233 Sales and marketing 2,793,396 1,046,659 144,961 General and administrative 9,907,268 4,416,372 611,660 Research and development 611,018 - - Non-GAAP adjusted net income 92,824,175 95,744,208 13,260,420 Net income attributable to Cango Inc.'s shareholders 92,824,175 95,744,208 13,260,420 Non-GAAP adjusted net income per ADS-basic 0.69 0.91 0.13 Non-GAAP adjusted net income per ADS-diluted 0.66 0.85 0.12 Weighted average ADS outstanding—basic 134,769,131 105,521,018 105,521,018 Weighted average ADS outstanding—diluted 140,231,084 112,786,810 112,786,810
The Company Launches Unprecedented Initiatives between June 12 – June 18 to Provide Financial Opportunities and Career Support for Prospective Cam Models LUXEMBOURG, June 13, 2024 /PRNewswire/ -- LiveJasmin, the #1 premium, award-winning adult streaming platform and one of the most visited websites in the world, today announces on www.cammodelday.com offerings and initiatives for the webcam model community in celebration of International Cam Model Day. Introduced last year on June 15 by LiveJasmin, this holiday is dedicated to celebrating cam models from across the world and creating a movement around the positive impact this profession has had on models and members around the globe. LiveJasmin Study Finds Women Want the Flexibility and Financial Independence Cam Modeling Provides According to a recent LiveJasmin study in the US, many women are looking for more fulfilling career paths than traditional jobs can provide and want to get started in the cam modeling profession: 63% don't feel a traditional job can provide financial security 75% make less than $5k a month in a traditional job and most desire a monthly income of anywhere between $5k and $10k. 70% want financial independence and flexible working hours, and 81% desire to be their own boss, all elements that a cam modeling job can provide. 60% would become webcam models if it meant financial stability. Most survey responders assume cam models make only between $51k and $100k per year, but the reality is that on LiveJasmin they can make more than $250k, with many reaching even over $1 million. 84% have a positive or neutral perspective on the cam modeling industry. In light of these findings and continuing their initiatives to advocate for empowerment and financial independence, LiveJasmin is leveraging International Cam Model Day to launch the Top Model Academy. This personalized mentorship program provides guaranteed earnings and guides the models joining the platform to further maximize their income. Anyone from the US, UK, Netherlands, France, Germany, Spain, Italy, Switzerland, Australia, and Canada, who will sign up as model on LiveJasmin between June 12 and June 18 and meet the requirements based on the terms and conditions will benefit from: Guaranteed income for 3 periods (of 2 weeks each), adding up to more than $6000 per month and at least $9000 over 6 weeks. A further chance to double their earnings with a 100% Welcome bonus. This unprecedented offer is meant to support the start of a model's journey on the platform and is only the very beginning. "With an always-on focus to make the platform an inclusive, safe, fun and rewarding space, our goal is to empower cam models to achieve their full potential and our many millionaires are another testament to that," said Zsolt Theiss-Balazs, Chief Product Officer, LiveJasmin. "Thanks to camming, I'm now earning more than I thought I would in my entire life!" - LiveJasmin Model ElizaBurset Ready to start your journey? To learn more about LiveJasmin and International Cam Model Day. To learn more about LiveJasmin and International Cam Model Day, visit www.cammodelday.com
The Company Launches Unprecedented Initiatives between June 12 – June 18 to Provide Financial Opportunities and Career Support for Prospective Cam Models LUXEMBOURG, June 12, 2024 /PRNewswire/ -- LiveJasmin, the #1 premium, award-winning adult streaming platform and one of the most visited websites in the world, today announces on offerings and initiatives for the webcam model community in celebration of International Cam Model Day. Introduced last year on June 15 by LiveJasmin, this holiday is dedicated to celebrating cam models from across the world and creating a movement around the positive impact this profession has had on models and members around the globe. LiveJasmin Study Finds Women Want the Flexibility and Financial Independence Cam Modeling Provides According to a recent LiveJasmin study in the US, many women are looking for more fulfilling career paths than traditional jobs can provide and want to get started in the cam modeling profession: 63% don't feel a traditional job can provide financial security 75% make less than $5k a month in a traditional job and most desire a monthly income of anywhere between $5k and $10k. 70% want financial independence and flexible working hours, and 81% desire to be their own boss, all elements that a cam modeling job can provide. 60% would become webcam models if it meant financial stability. Most survey responders assume cam models make only between $51k and $100k per year, but the reality is that on LiveJasmin they can make more than $250k, with many reaching even over $1 million. 84% have a positive or neutral perspective on the cam modeling industry. In light of these findings and continuing their initiatives to advocate for empowerment and financial independence, LiveJasmin is leveraging International Cam Model Day to launch the Top Model Academy. This personalized mentorship program provides guaranteed earnings and guides the models joining the platform to further maximize their income. Anyone from the US, UK, Netherlands, France, Germany, Spain, Italy, Switzerland, Australia, and Canada, who will sign up as model on LiveJasmin between June 12 and June 18 and meet the requirements based on the terms and conditions will benefit from: Guaranteed income for 3 periods (of 2 weeks each), adding up to more than $6000 per month and at least $9000 over 6 weeks. A further chance to double their earnings with a 100% Welcome bonus. This unprecedented offer is meant to support the start of a model's journey on the platform and is only the very beginning. "With an always-on focus to make the platform an inclusive, safe, fun and rewarding space, our goal is to empower cam models to achieve their full potential and our many millionaires are another testament to that," said Zsolt Theiss-Balazs, Chief Product Officer, LiveJasmin. "Thanks to camming, I'm now earning more than I thought I would in my entire life!" - LiveJasmin Model ElizaBurset Ready to start your journey? To learn more about LiveJasmin and International Cam Model Day. Photo - https://mma.prnasia.com/media2/2436950/Infographic_ICMD_2024_English_copy.jpg?p=medium600
HSINCHU, June 12, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), announced shareholders approved a cash dividend distribution from earnings of NT$1.80 per common share or approximately US$1.11 per ADS. The dividend, which the Company's Board previously declared on February 22, 2024, was approved by shareholders at the Company's AGM on May 30, 2024. The Company has submitted a dividend/distribution form to Nasdaq, as notification of the below actions for the Company's American Depositary Shares ("ADRs"). Type of Distribution: Cash Dividend Declaration Date: June 11, 2024 Ex-Dividend Date: June 27, 2024 ADR Dividend Record Date: June 27, 2024 ADR Dividend Distribution Date: July 26, 2024 ADR books will be closed from June 27 to July 5, 2024 The final dividend amount to be distributed in U.S. dollars will be determined by the Depositary, Citibank, N.A., once it receives the distribution from the Company, which is expected to be on July 19, 2024, converts the amount from New Taiwan Dollars into U.S. Dollars and deducts appropriate taxes and fees. Any questions regarding the dividend distribution should be directed to Citibank, N.A.'s Tiffany Ma (Tel: +1-973-461-5734 or tiffany.ma@citi.com). About ChipMOS TECHNOLOGIES INC.:ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide. Forward-Looking Statements This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC. Contacts: In Taiwan Jesse Huang ChipMOS TECHNOLOGIES INC. +886-6-5052388 ext. 7715 IR@chipmos.com In the U.S. David Pasquale Global IR Partners +1-914-337-8801 dpasquale@globalirpartners.com
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