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Friday, 06/04/2021 3:13:15 AM

Friday, June 04, 2021 3:13:15 AM

Post# of 1064
Renren's 2020 Annual Report: Revenue increased by 20% year-on-year, and CEO voting rights reached 48.9%.

source
https://finance.sina.com.cn/stock/hkstock/ggscyd/2021-06-02/doc-ikqcfnaz8754734.shtml

June 02, 2021 20:18 Zhitong Finance APP

Renren.com (RENN.US) submitted a 20F report to the US SEC, disclosing the company's 2020 annual report and the latest shareholding structure as of December 31, 2020. The financial report shows that the company's 2020 revenue was 18.106 million U.S. dollars, compared with 15.085 million U.S. dollars in the same period last year, an increase of 20% year-on-year.

Financial summary
According to the financial report, 2020 revenue was 18.106 million US dollars, compared with 15.085 million US dollars in the same period last year; It recorded a loss of US$0.05 per share during the same period of the year.


Ownership structure
As of March 31, 2021, Joseph Chen, chairman, chief executive officer and director of Renren, holds 33% of the company's shares and 48.9% of the voting rights;
The company's chief operating officer and director James Jian Liu holds 5.4% of the company's shares and 1.5% of the voting rights.