Chervon Executes HK$19.36 Million Market Purchase of 1.20 Million Shares for Incentive Scheme

Bulletin Express03-26

Chervon Holdings Limited announced that the trustee of its Share Scheme acquired 1.20 million shares on 26 March 2026 to support future employee awards. The purchase was executed on-market at an average price of HK$16.13 per share, representing a total cash outlay of HK$19.36 million, excluding transaction-related expenses.

Prior to the transaction, the trustee held 3.22 million shares, equivalent to approximately 0.63 % of the company’s issued share capital. Following the latest purchase, the holding has increased to 4.42 million shares, or about 0.87 % of shares outstanding.

In line with the rules of the Share Scheme adopted on 1 February 2024, Chervon’s board retains full discretion to determine participant allocations and vesting conditions. It may instruct the trustee to conduct further on-market purchases as deemed appropriate to satisfy future share awards.

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