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Bright Future Technology Holdings Limited's (HKG:1351) Shares Leap 35% Yet They're Still Not Telling The Full Story
Bright Future Technology to Buy Back Shares; Shares Up 10%
It is recommended to purchase shares based on the equity incentive plan and to repurchase shares based on the repurchase authorization for a bright future.
Bright Future (01351) announced that the board of directors will provide funds of no more than 20 million yuan to the trustee of the share incentive plan adopted by the company on May 7, 2021 (see the announcement dated May 7, 2021), subject to appropriate market conditions, for the trustee to purchase shares on the open market (recommended to purchase shares); and/or exercise the repurchase authorization granted by the shareholders to the board of directors at the company's annual general meeting of shareholders to be held on May 22, 2024 (2024 annual general meeting of shareholders) to repurchase up to 60 million ordinary shares of the company already issued on the open market.
Bright Future (01351.HK) recommends purchasing shares based on the share reward plan and repurchasing shares based on the repurchase authorization.
Bright Future (01351.HK) announced on July 19 that the board of directors will use a total of no more than 20 million yuan of funds (i) to provide funds to the trustee of the share incentive plan adopted by the company on May 7, 2021, for the trustee to purchase shares on the open market under appropriate market conditions; and/or (ii) to exercise the repurchase authorization granted by the shareholders to the board of directors at the company's shareholder annual meeting to be held on May 22, 2024, to repurchase up to 60 million of the company's issued ordinary shares on the open market, accounting for 10% of the total number of issued shares as of the date of the 2024 shareholder annual meeting.
Shareholders In Bright Future Technology Holdings (HKG:1351) Should Look Beyond Earnings For The Full Story
BRIGHT FUTURE: ANNUAL REPORT 2023
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