CARLSTADT, N.J., June 15, 2012 /PRNewswire/ -- Jinpan
International Ltd. (Nasdaq: JST) (the "Company"), a leading
designer, manufacturer, and distributor of cast resin dry type
transformers, today announced the date in which the Company will
pay the second portion of its annual dividend payment.
In January 2012, the Company
announced an annual dividend of $0.14
per common share, half of which was payable to shareholders in
February 2012. The second half, or $0.07, of this annual dividend payment will be
payable on July 12, 2012 to
shareholders of record as of June 28,
2012.
Mr. Zhiyuan Li, Chief Executive
Officer of Jinpan commented, "We are pleased to reward our
shareholders with our dividend program. The second payment further
reflects our confidence in our business outlook in 2012 and our
commitment to creating value for our shareholders."
About Jinpan International Ltd.
Jinpan International Ltd. (Nasdaq: JST) designs, manufactures,
and markets cast resin transformers for power distribution and wind
energy products. Jinpan's cast resin transformers allow high
voltage transmissions of electricity to be distributed to various
locations in lower, more usable voltages. The Company has obtained
ISO9001 and ISO14001 certifications for its cast resin
transformers. Its principal executive offices are located in
Hainan, China and its U.S.
headquarters is based in Carlstadt, New
Jersey.
Safe Harbor Provision
This press release contains forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's current expectations and observations and
involve known and unknown risks, and uncertainties or other factors
not under the Company's control, which may cause actual results,
performance or achievements of the company to be materially
different from the results, performance or other expectations
implied by these forward-looking statements. These factors are
listed from time-to-time in our filings with the Securities and
Exchange Commission, including, without limitation, our Annual
Report on Form 20-F for the period ended December 31, 2011 and our subsequent reports on
Form 6-K.
Except as required by law, we are not under any obligation, and
expressly disclaim any obligation, to update or alter any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE Jinpan International Ltd.