Renren Inc. announced a cash dividend payable by Renren to all shareholders of record of Renren as of 5:00 p.m. Eastern time on June 8, 2018. The record date will be 5:00 p.m. Eastern time on June 14, 2018. The amount of the cash dividend will depend on the results of the private placement but Renren expects the cash dividend to be between USD 0.4831 and USD 0.6096 per ordinary share of Renren, or between USD 7.2465 and USD 9.1440 per ADS. The exact amount of the cash dividend will be announced on or about June 11, 2018, and the cash dividend is expected to be paid as soon as practicable after the announcement of the amount.