Smoore International Executes Major Share Purchase for Share Award Plan

Date: 27 April 2026

Company: Smoore International Holdings Limited (HKEX: 06969)

Key Highlights

• Share Purchase: On 27 April 2026, Smoore International’s Trustee executed a major purchase of 6,125,000 shares on the open market.
• Purpose: The shares were acquired to facilitate the Company’s Share Award Plan, which was initially adopted on 2 September 2021 and amended with shareholder approval on 18 February 2025.
• Average Price: The average consideration per share was approximately HK\$9.7728.
• Total Consideration: The aggregate amount paid for the shares, excluding related expenses, was around HK\$59,858,540.

Detailed Breakdown

• Date of Transaction: 27 April 2026
• Number of Shares Purchased: 6,125,000
• Price Paid per Share: HK\$9.7728
• Total Spend (Excluding Fees): HK\$59,858,540
• Shares Held by Trustee Before Purchase: 111,585,030 shares (1.8011% of total shares in issue)
• Shares Held by Trustee After Purchase: 117,710,030 shares (1.9000% of total shares in issue)

Shareholder Significance & Potential Impact

This announcement may be of particular interest to shareholders for several reasons:

• Potential Price Impact: The purchase of over six million shares on-market may provide support to the share price, potentially reducing available float and demonstrating management’s ongoing commitment to employee and management incentives through the Share Award Plan.
• Capital Allocation: The considerable sum spent (close to HK\$60 million) underlines the company’s willingness to invest in talent retention and motivation, which may positively influence future performance.
• Future Dilution: While the shares are held by the Trustee, their eventual allocation to Selected Participants could lead to dilution. However, the percentage of total shares held by the Trustee remains below 2% after this transaction.
• Ongoing Incentive Structures: The Board or its Committee retains discretion to select eligible participants and grant awarded shares under terms they determine, maintaining flexibility in the company’s long-term incentive schemes.
• Corporate Governance: The transaction follows the amendment of the Share Award Plan, demonstrating ongoing corporate governance processes and alignment with shareholder approvals.

Leadership & Board Composition

The Board of Smoore International Holdings Limited is composed as follows:

• Chairman: Mr. Chen Zhiping
• Executive Directors: Mr. Chen Zhiping, Mr. Xiong Shaoming, Mr. Wang Guisheng, Ms. Wang Xin
• Non-executive Director: Ms. Jiang Min
• Independent Non-executive Directors: Mr. Zhong Shan, Mr. Yim Siu Wing (Simon), Dr. Wang Gao

What Investors Should Watch

• Share Price Sensitivity: The direct purchase of a sizable number of shares on the open market could influence near-term share price performance.
• Retention and Incentive Alignment: The ongoing use of the Share Award Plan to reward and retain talent may support long-term company performance.
• Potential Dilution: As shares are ultimately awarded to employees or management, shareholders should monitor for future dilution, though current levels remain modest.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are urged to conduct their own research or consult with a financial advisor before making investment decisions regarding Smoore International Holdings Limited.

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