Cowell e Holdings Inc. announced that as a reward to the Shareholders for their continuous support, the Board announced that, at the Board meeting held on October 5, 2020, having considered the financial position, cash flow position of the Group and the Shareholders' return on investment, the Board has resolved to declare payment of a Special Dividend of 93.2060 Hong Kong cents per ordinary share to Shareholders whose names appear on the register of members of the Company on October 23, 2020. The Special Dividend will be paid on November 5, 2020. The record date for the Special Dividend will be on October 23, 2020. The Company's register of members will be closed from October 21, 2020 to October 23, 2020 (both days inclusive) in order to determine entitlements to the Special Dividend.