On November 22, 2019, the board of directors of Acorn International, Inc. declared a cash dividend for the third quarter of 2019 of USD 0.0125 per ordinary share, or approximately USD 0.25 per ADS, each of which represents twenty ordinary shares. Record holders of the Company's ordinary shares at the close of business US Eastern Time on December 13th, 2019 (the "Record Date") will be entitled to receive the cash dividend for the third quarter of 2019. The Company expects Citibank N.A., the depositary bank for Acorn's ADS program, to distribute dividends to ADS holders as of the Record Date on or about December 20, 2019.