ACM Research (Shanghai), Inc., the primary operating subsidiary of ACM Research, Inc., recently held its Annual Stockholder Meeting in Shanghai, China. During the meeting, shareholders approved several key resolutions, including the distribution of a proposed dividend totaling approximately RMB 288.3 million (around $40.1 million). The dividend payment is anticipated to be completed by the end of 2025. Additionally, the shareholders approved a financial budget plan for 2025, forecasting revenue growth between 16% and 26%, and an increase in research and development expenses ranging from 15% to 35%. ACM Research owns 81.1% of ACM Shanghai's outstanding shares, providing a significant contribution to the company's consolidated revenue and net income. However, the net amount and timing of any dividend proceeds repatriated to the United States remain uncertain.
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