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Newborn Town's 2024 Profit Slides 6%; Shares Fall 12%
Newborn Town Launches HK$200 Million Stock Buyback Plan; Shares Slide 15%
Hong Kong Stock Morning Report | Siasun Robot&Automation and AI received further policy support. CHINA MOBILE's net profit exceeded 130 billion yuan last year.
① Shanghai Pudong: Will focus on humanoid robots, large models and other fields to create distinctive landmark parks. ② ShanDong: Vigorously promote the innovative development of AI and humanoid robot industries. ③ Foxconn Chairman Liu Yangwei: In two years, the Server business is expected to exceed the iPhone business, possibly achieving this year. ④ The State Council General Office: Improve the quality of Traditional Chinese Medicine to promote high-quality development of the Traditional Chinese Medicine industry.
Newborn Town Achieved a Substantial Increase in 2024 Revenue to RMB 5.09 Billion as AI Boosts Its Social Entertainment Apps
NEWBORNTOWN (09911.HK) granted 30.316 million restricted stock units.
On March 20, Gelonghui announced that NEWBORNTOWN (09911.HK) is pleased to announce that on March 20, 2025, the Board of Directors decided and approved the grant of 30,316,184 restricted share units to 76 recipients under the Restricted Share Unit Award Plan ("Grant"), but it must be accepted by the recipients to take effect.
NEWBORNTOWN (09911.HK) intends to purchase shares from the market for up to 0.2 billion Hong Kong dollars according to the stock plan.
On March 20, Gelonghui reported that NEWBORNTOWN (09911.HK) announced that the unified purpose of the company's share scheme is to recognize participants' contributions to the group's performance and to retain them in service to the group by offering competitive and fair compensation and sharing the group's achievements. In this regard, the Board of Directors announces its current intention to occasionally provide a total of no more than 0.2 billion Hong Kong dollars to independent professional trustees appointed to manage the company's share scheme over the next two years, in order to purchase the company's shares on the market at the current market price according to the company's share scheme. The Board of Directors believes that conducting share transactions under the current circumstances is necessary.
