News & Events zu QuantaSing Group Ltd (QSG)QSGQuantaSing Group Ltd

QuantaSing announces further investments into Letsvan

QuantaSing Group announced that it will undertake further steps to acquire all of the remaining equity interests in Shenzhen Yiqi Culture from the other investors with a combination of cash and stock consideration. Through a series of previous transactions from December 2024 to March 31, 2025, the Company invested in Letsvan, a PRC-based company primarily engaged in IP incubation and discovery, IP operation, copyright commercialization, and the promotion and sales of pop toys and other cultural products for global artists. By March 31, 2025, the Company had obtained control over and was able to consolidate the results of Letsvan into the Company's consolidated financial statements. Upon the consummation of the Transactions, Letsvan will become a wholly-owned subsidiary of the Company. In furtherance of the Transactions and by way of private placement, the Company will issue an aggregate of 18,219,330 Class A ordinary shares of the Company to Huiyu Zhan, the founder and chief executive officer and a director of Letsvan, as consideration for his remaining interests in Letsvan. The share issuance will take place in three installments and be subject to certain restrictions and limitations, including respective vesting schedules and lock-up requirements.

QuantaSing Group board approves special dividend of 6.7c per share

QuantaSing Group announced that its board of directors has approved the declaration and distribution of a special dividend of $0.067 per ordinary share. The aggregate amount of the Special Dividend will be approximately $11M, which is payable in U.S. dollars and in cash, and will be funded by surplus cash and to be paid out from the share premium account of the Company. The dividends are expected to be paid on or around November 7, 2024 to the holders of the Company's ordinary shares, and on or around November 15, 2024 to the holders of the ADSs, of record, as of the close of business on October 30, 2024. Dividend to be paid to the holders of ADSs issued by the depositary of the ADSs will be subject to the terms of the deposit agreement.

QuantaSing Group files FY24 annual report on Form 20-F

QuantaSing Group filed its annual report on Form 20-F for the fiscal year ended June 30, 2024, with the Securities and Exchange Commission on August 29, 2024