Exhibit 99.2
Cheetah Mobile Announces Dividend of US$ 0.50 per American Depositary Share
BEIJING, August 20, 2019 /PRNewswire/ — Cheetah Mobile Inc. (NYSE: CMCM) (“Cheetah Mobile” or the “Company”), a leading mobile internet company with global market coverage, today announced that the Company’s board of directors (the “Board”) approved a special cash dividend of US$0.50 per American Depositary Share (“ADS”), or US$0.05 per ordinary share.
The cash dividend will be paid on September 30, 2019 to shareholders of record at the close of business on September 13, 2019. The aggregate amount of cash dividends to be paid is approximately US$72 million, which will be funded by cash on the Company’s balance sheet.
Mr. Sheng Fu, Cheetah Mobile’s Chairman and Chief Executive Officer, stated, “Our special cash dividend payment demonstrates our commitment to delivering shareholder value, and our confidence in our business model, our execution capabilities and the long-term outlook of the Company.”
About Cheetah Mobile Inc.
Cheetah Mobile is a leading mobile Internet company with global market coverage. It has attracted hundreds of millions of monthly active users through its mobile utility products such as Clean Master and Cheetah Keyboard, casual games such as Piano Tiles 2, Bricks n Balls, and live streaming product LiveMe. The Company provides its advertising customers, which include direct advertisers and mobile advertising networks through which advertisers place their advertisements, with direct access to highly targeted mobile users and global promotional channels. The Company also provides value-added services to its mobile application users through the sale ofin-app virtual items on selected mobile products and games. Cheetah Mobile is committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.
Safe Harbor Statement
This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under 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. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile’s growth strategies; Cheetah Mobile’s ability to retain and increase its
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