Summary by Moomoo AI
Newborntown Technology Limited ("the Company") purchased a total of 46,316,000 shares through its restricted stock unit incentive plan from Three D Partners Limited between April 28, 2023 and November 8, 2024. In addition, between November 11 and November 15, 2024, Three D Partners Limited purchased another 2,680,000 shares at an average price of 3.72 Hong Kong dollars per share, with a total price of approximately 9,965,026.20 Hong Kong dollars. The board of directors of the company stated that these share purchases demonstrate confidence in the company's business prospects and will create value for shareholders. The board of directors also confirmed that the company has sufficient financial resources to support further share purchases while maintaining a sound financial condition. Currently, Three D Partners Limited holds a balance of 53,684,069 shares. The executive directors of Newborntown Technology include Mr. Liu Chunhe, Mr. Li Ping, Mr. Ye Chunjian, and Mr. Su Jian, while the independent non-executive directors are Mr. Gao Ming, Mr. Chi Shujin, and Mr. Huang Sichen.
