iDreamSky Plans On-Market Share Purchases to Fund 2023 Incentive Scheme

Bulletin Express03-30

iDreamSky Technology Holdings Limited announced that its board intends to direct the trustee of the 2023 Share Incentive Scheme to acquire ordinary shares on the Hong Kong Stock Exchange. All purchases will be executed within the scheme’s approved limit and funded entirely from existing cash resources, reflecting management’s confidence in the group’s financial strength and growth prospects.

Shares acquired will be held under the trust deed and allocated for future grants of share options or restricted share units. The objectives include recognising employee contributions, enhancing retention, incentivising performance, attracting new talent and aligning employee interests with those of shareholders.

The board considers the proposed purchases to be in the best interests of both the company and its shareholders. Execution remains subject to prevailing market conditions, and the board retains full discretion over the timing, quantity and pricing of any transactions. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

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