Smoore International Announces Significant Share Purchase for Share Award Plan

Key Highlights of the Announcement

• Share Purchase Executed: On 20 April 2026, Smoore International Holdings Limited (“the Company”) announced that the Trustee has purchased a total of 5,977,000 shares on the open market.
• Purpose: The acquisition was conducted pursuant to the Company’s Share Award Plan, originally adopted on 2 September 2021 and amended with shareholders’ approval on 18 February 2025.
• Financial Details:
  • Average consideration per share: Approximately HK\$10.0137
  • Total consideration (excluding all related expenses): Approximately HK\$59,851,930
• Change in Trustee Shareholding:
  • Before purchase: 100,633,030 shares (approx. 1.6244% of shares in issue)
  • After purchase: 106,610,030 shares (approx. 1.7208% of shares in issue)
• Eligible Participants: The Board or Committee may select eligible participants at its discretion and grant them awarded shares under such terms as it decides.

Implications for Shareholders

• Potential Share Price Impact: The sizable purchase of nearly 6 million shares on the open market could signal management’s confidence in the long-term prospects of the Company and may be viewed positively by the market.
• Share Dilution: While this transaction itself does not constitute new share issuance (as shares are purchased in the market), shareholders should be aware of the increased proportion of shares held by the Trustee for awards, which could eventually be allocated as incentives to employees or management.
• Alignment of Interests: The Share Award Plan is designed to incentivize and retain key personnel and align their interests with those of shareholders, potentially contributing to the Company’s long-term performance.
• Governance and Transparency: The purchase and allocation of shares are subject to the discretion of the Board or the relevant committee, which should provide confidence in the governance of the award process.

Additional Details

This transaction was announced with the full knowledge of the Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited, who take no responsibility for the content. The announcement was made under the order of the Board chaired by Mr. Chen Zhiping, with a full list of the executive, non-executive, and independent non-executive directors provided for transparency.

Conclusion

The purchase of a significant block of shares by the Trustee for the Share Award Plan is a notable development for Smoore International Holdings Limited. Investors should monitor subsequent disclosures regarding the allocation of these shares, as well as evaluate the potential impact on share price and company performance.

Disclaimer: This article is based on a company announcement and is for informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult professional advisors before making investment decisions.

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