Full Truck Alliance announces semi-annual cash dividend policy

Upon review of the company’s results of operations, business development plan, capital requirements, and cash position, the company’s board of directors has approved a semi-annual cash dividend policy, pursuant to which the board intends to declare and distribute a cash dividend semi-annually starting from 2025. The total cash dividend for 2025 is expected to be approximately $200M. The determination to make dividend distributions and the exact amount of such distributions in any particular semi-annual period will be made at the discretion of the board based upon the company’s operations and earnings, cash flow, financial condition, and other relevant factors, and subject to adjustment and determination by the board. The board has also approved a semi-annual cash dividend of .005c per ordinary share, or 9.6c per American depositary share, payable on or around April 18 to holders of record of the company’s ordinary shares at the close of business on April 7. The aggregate amount of the dividend is expected to be approximately $100M. Cash dividends are expected to be paid to holders of the company’s ADSs through the depositary, Deutsche Bank Trust Company Americas, on or around April 18, subject to the terms of the deposit agreement, including the fees and expenses payable thereunder.