The Rosen Law Firm, P.A. and Glancy Prongay & Murray LLP Announce Proposed Class Action Settlement on Behalf of Purchasers of American Depositary Shares of DouYu International Holdings Limited – DOYU

Core Viewpoint - The United States District Court for the District of New Jersey has approved a proposed class action settlement for purchasers of American Depositary Shares of DouYu International Holdings Limited, amounting to $2,250,000 in cash [1][3]. Group 1: Settlement Details - The proposed settlement is intended for individuals who purchased DouYu's ADSs between April 30, 2021, and November 27, 2023, and were affected by the claims [2]. - A hearing is scheduled for August 18, 2025, to determine the fairness and adequacy of the proposed settlement, as well as to address the dismissal of the action against the defendants [4]. - Members of the settlement class must submit a Claim Form by July 21, 2025, to be eligible for a share of the settlement fund [6]. Group 2: Exclusion and Objection Procedures - Settlement class members wishing to exclude themselves must submit a request for exclusion by July 28, 2025, to avoid being bound by court judgments [7]. - Any objections to the proposed settlement or related motions must be filed with the court and delivered to relevant parties by July 28, 2025 [8].