DIGITAL DOMAIN (00547) has established a sponsorship program for American depositary securities with The Bank of New York Mellon in New York.

DIGITAL DOMAIN (00547) announced that the company has established a sponsorship-level American Depositary Receipt (ADR) program with the Bank of New York Mellon. An ADR is a transferable security similar to a stock, issued by a US custodian bank appointed by the company, representing one or more shares of US depositary stock. Each share of US depositary stock is equivalent to 500 shares of the company's common stock. Under the program adopted by the company, the ADRs will be traded on the Main Board of The Stock Exchange of Hong Kong Limited and will be backed by the common shares deposited with the custodian bank under the program. According to the program, holders and owners of US depositary shares will have the same dividend and distribution rights as common shareholders of the company, as well as voting rights, subject to the procedures specified in the custody agreement entered into by The Bank of New York Mellon (as the custodian), the company, and holders and owners of US depositary shares. The number of US depositary shares registered under the program by the company is 300 million. The establishment of the program does not involve the issuance of new shares, as the ADRs are based on the company's existing issued shares. Therefore, the company does not derive any revenue from the establishment of the program. The main purpose and benefit of the program is to increase the liquidity of the company's shares in the US and provide a pathway to access the US capital markets.