YIDU TECH Authorizes Trustee to Acquire Shares via Market Purchase Under Incentive Plan

Stock News03-26

YIDU TECH (02158) has announced that its board of directors has authorized the company to instruct the appointed independent professional trustee, which manages the post-IPO share incentive scheme, to purchase the company's shares on the market at prevailing prices in accordance with the rules of the scheme. The board believes that maintaining a reserve of shares acquired at competitive prices will enhance the group's flexibility in structuring effective compensation and remuneration packages, thereby strengthening its ability to attract and retain the talent necessary for the group's sustained growth and development. Share purchases will be conducted based on the company's needs and with reference to current market conditions. Any shares purchased by the trustee will be held by the trustee for the purposes and under the plan rules as set out in the trust deed constituting the post-IPO share incentive scheme, entered into between the company and the trustee. Any funds required will be provided from the company's internal financial resources and will not impact the company's operations.

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