Century Jiayuan the board of Directors has approved the distribution of annual cash dividends to its holders of American depository shares.

Century Jiayuan (Nasdaq:date) announced today that the company's board of Directors has approved the distribution of annual cash dividends to its holders of American depository shares.

Century Jiayuan said the company would distribute a cash dividend of $0.16 per share of common stock, that is, a cash dividend of $0.24 per share of US depository shares, to be issued to scheduled shareholders at the end of business hours as at March 26. Century Jiayuan every two shares of the United States depository shares represent three common shares.

Century Jiayuan expects Citigroup, the custodian Bank of the US Depository Equity program, to pay dividends on April 19 to holders of depository shares in the United States, which are subject to the terms of the escrow agreement, including service charges and payables. The total amount of this cash dividend is about USD 7.2 million, equivalent to the cap on the annual dividend policy announced on May 16, 2013 by the century Jiayuan, which is equivalent to 60% of the net profit (excluding equity incentive payments) not calculated in accordance with U.S. GAAP in the 2013 fiscal year.