Freetech Road Recycling Technology Announces Further Share Purchase for Share Award Scheme

Hong Kong, 30 April 2026 — Freetech Road Recycling Technology (Holdings) Limited (Stock Code: 6888) has released an update regarding its ongoing Freetech Share Award Scheme, with key developments that may be of interest to investors and shareholders.

Key Points from the Announcement

• Further Acquisition of Shares: The company’s trustee has purchased an additional 200,000 shares of Freetech on the open market in support of the Share Award Scheme.
• Trade and Settlement Dates: Purchases were made on 23 April 2026 and 30 April 2026, with settlement on 27 April 2026 and 5 May 2026.
• Shareholding Impact: The newly acquired shares represent approximately 0.019% of the company’s issued share capital, a modest but incremental increase in shares held for the scheme.
• Purchase Price: The average consideration per share was approximately HK\$0.146, with a total consideration of HK\$29,230.
• Total Shares Held by Trustee: Following the latest purchase, the trustee now holds a balance of 102,904,200 shares on behalf of the scheme.

Implications and Considerations for Shareholders

• Commitment to Employee Incentivization: The ongoing acquisition of shares for the Share Award Scheme demonstrates the company’s continued commitment to incentivizing and retaining key employees, which can positively impact long-term corporate performance and shareholder value.
• Market Activity: Although the purchased amount is relatively small compared to the total issued share capital, such activity reflects management’s confidence in the company’s future prospects and may support the share price through incremental demand.
• Price Sensitivity: The acquisition price (HK\$0.146 per share) offers insight into recent trading levels and could serve as a reference point for investors assessing near-term market valuation.
• Governance and Transparency: The report provides full transparency, including trade dates, settlement dates, and the identity of board members, which is positive for corporate governance standards.

Board Composition

The Board comprises:

• Executive Directors: Mr. Sze Wai Pan (Chairman), Mr. Chan Kai King
• Non-executive Directors: Ms. Sze Wan Nga, Mr. Zhou Jichang, Prof. Tong Wai Cheung Timothy, Dr. Chan Yan Chong
• Independent Non-executive Directors: Ms. Yeung Sum, Prof. Lau Chi Pang, Prof. Lai Kin Keung

Summary

While the share purchase is incremental in scale, it reflects the company’s ongoing efforts to align management and employee interests with shareholder value creation. The transaction is unlikely to have a significant immediate impact on share price given the small proportion of shares acquired, but it signals continued strategic use of resources for staff incentivization. Investors are advised to monitor further developments under the Share Award Scheme for potential long-term effects on share performance.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Investors should conduct their own research or consult with a financial advisor before making investment decisions. The information herein is based on public disclosures by Freetech Road Recycling Technology (Holdings) Limited as of 30 April 2026.

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