Summary by Moomoo AI
WuXi AppTec announced on September 24, 2024 that, pursuant to the H Share Incentive Trust Plan approved by shareholders at the 2023 annual general meeting, the trustee has used up to 1 billion Hong Kong dollars to purchase 27,478,428 H Shares through on-market transactions, representing approximately 0.94% of the company's total issued share capital. These shares will be used to incentivize the company's core employees, provided that the company's revenue in 2024 reaches RMB 38.3 billion or above. Uncertainties remain regarding whether the basic grant conditions of the plan can be met, and the company will implement the relevant plan in accordance with applicable laws and plan provisions.