CARLSTADT, N.J., March 8, 2013 /PRNewswire/ -- Jinpan
International Ltd (Nasdaq: JST), a leading designer, manufacturer,
and distributor of cast resin transformers, today announced that
its first quarterly cash dividend of 2013, in the amount of
$0.03 per common share, will be
payable on March 28, 2013 to
shareholders of record as of March 21,
2013.
Mr. Zhiyuan Li, Chief Executive
Officer of Jinpan, commented, "We are pleased to pay our first
dividend payment for 2013 as well as move to a quarterly payment
schedule in 2013. We remain committed to returning capital to
our shareholders while we continue to invest in the long-term
growth of our business."
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's
manufacturing facilities in China
have obtained ISO9001 and ISO14001 certifications. Its principal
executive offices are located in Hainan,
China and its United States
office 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.