Chow Tai Seng extends employee stock ownership plan for second time

Chow Tai Seng Jewellery Co., Ltd. has informed the market about the upcoming expiration of its first employee stock ownership plan (ESOP). The company's board of directors, in a meeting on April 8, 2024, approved an extension of the ESOP's duration by 24 months, moving the expiration date from May 10, 2024, to May 10, 2026. This decision follows an initial 24-month extension approved in April 2022.

The ESOP initially acquired 5,952,300 shares, representing 1.23% of the company's total share capital, for a total of yuan 148,509,885 at an average price of yuan 24.95 per share on July 9, 2018. Following subsequent equity distributions and stock dividends, the number of shares held by the plan adjusted. As of the announcement date, the ESOP holds 634,050 shares, accounting for 0.06% of the company's total share capital, with no shares pledged or used as collateral. The company confirms it will adhere to all relevant regulations regarding share transactions.