DouYu International Holdings (DOYU) said Thursday that it has appointed Simin Ren as co-chief executive officer, effective immediately.

With this appointment, the interim management committee has been dissolved, the company said.

The company said it has also approved a special cash dividend of $9.94 per ordinary share or American depositary share to holders of record as of Feb. 10. The dividends are expected to be paid on or around Feb. 20.

DouYu's shares jumped as much as 24% in recent Thursday premarket activity.

Price: 15.25, Change: +2.96, Percent Change: +24.08