Smoore International Executes Significant Share Purchase for Share Award Plan

Key Highlights for Investors

• Share Purchase Execution: On 21 April 2026, Smoore International Holdings Limited (“Smoore” or the “Company”) announced that its Trustee purchased a total of 6,035,000 shares on the open market for the purpose of the Company’s Share Award Plan.
• Average Purchase Price: The shares were acquired at an average consideration of approximately HK\$9.9182 per share.
• Total Consideration: The total amount paid for this purchase (excluding all related expenses, transaction levy, brokerage, tax, duties, and levies) amounted to approximately HK\$59,856,100.
• Impact on Trustee’s Holdings:
  • Immediately before the purchase, the Trustee held 106,492,030 shares, representing approximately 1.7189% of the Company’s total shares in issue.
  • Immediately after the purchase, the Trustee’s holdings increased to 112,527,030 shares, accounting for roughly 1.8164% of the total shares in issue.
• Share Award Plan Update: This purchase was conducted pursuant to the Share Award Plan, which was first adopted on 2 September 2021 and later amended with shareholders’ approval on 18 February 2025.
• Potential Impact on Share Price: The on-market purchase of a significant volume of shares could potentially provide near-term support to Smoore’s share price, reflecting management’s commitment to incentivizing key stakeholders and aligning interests with shareholders.

Details Investors Should Watch

The Company’s Board or the designated Committee may, at its sole discretion, select eligible participants to participate in the Share Award Plan. The number of shares to be granted and the terms and conditions of such grants are also at the discretion of the Board or Committee. This flexibility allows management to effectively use share-based incentives to attract, retain, and reward top talent, which may contribute positively to the Company’s operational performance and market sentiment.

The announcement was made by Mr. Chen Zhiping, Chairman of the Board, on 21 April 2026. As of the announcement date, Smoore’s board composition includes four Executive Directors, one Non-executive Director, and three Independent Non-executive Directors.

Why This Matters to Shareholders

• Buyback-Like Effect: The purchase of shares from the market by the Trustee could reduce the free float and increase earnings per share, assuming the shares are held for awards and not immediately distributed. This action can be interpreted as a sign of confidence from management.
• Alignment of Interests: The Share Award Plan is designed to align the interests of management and key employees with those of shareholders, which could drive better long-term performance.
• Potential for Share Price Support: Such sizable purchases in the open market may limit downside volatility in the short term and reflect positively on market sentiment.
• Transparency: The Company’s voluntary disclosure of these transactions provides investors with valuable insight into ongoing capital management and incentive policies.

Conclusion: The execution of this large-scale share purchase under the Share Award Plan is a noteworthy event that could influence Smoore’s share price and signals the Company’s ongoing commitment to shareholder alignment and talent retention.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a professional advisor before making any investment decisions. The author and publisher accept no liability for any loss or damage caused by reliance on the information contained herein.

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