Chervon Executes HK$11.51 Million Share Buy-back for Employee Incentive Scheme

Bulletin Express05-28

Chervon Holdings Limited disclosed that the trustee of its employee Share Scheme acquired 732,300 shares on 28 May 2026.

• Transaction details – Average purchase price: HK$15.722 per share – Gross consideration: HK$11.51 million (excluding fees, levies and taxes)

• Impact on scheme share pool – Shares held by the scheme before the purchase: 6.83 million, representing 1.3358 % of total shares in issue – Shares held after the purchase: 7.56 million, or 1.4791 % of total shares in issue

The board retains discretion under the scheme rules to determine future awards and may instruct the trustee to make additional market purchases as deemed appropriate. The Share Scheme was adopted following board and shareholder approvals announced on 29 January 2024 and 1 February 2024.

The latest purchase modestly increases the scheme’s holding by approximately 0.14 percentage points of the company’s issued share capital, enhancing the pool of shares available for future employee incentives.

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