Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
CHINASOFT INTERNATIONAL LIMITED
中 軟 國 際 有 限 公 司 *
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 354)
VOLUNTARY ANNOUNCEMENT
SHARE PURCHASE PURSUANT TO THE SHARE AWARD SCHEME
This announcement is issued by Chinasoft International Limited (the "Company") as a voluntary announcement to allow the public to understand the latest information on the Company.
Reference is made to the announcement of the Company dated 10 December 2018 (the "Announcement") in relation to the adoption of the share award scheme on 10 December 2018 (the "Share Award Scheme"). Capitalized terms used herein shall have the same meanings as those defined in the Announcement unless the context requires otherwise.
On 21 November 2019, the Trustee purchased a total number of 1,492,000 Shares (the "Share Purchase") on the market for the purpose of the Share Award Scheme. Details of the Shares purchased and the latest information about the Shares held by Trustee on trust for the benefit of the Selected Employee are as follows:
Trade date: | 21 November 2019 |
Settlement date: | 25 November 2019 |
Total number of Shares purchased: | 1,492,000 Shares |
Percentage of the Shares purchased | Approximately 0.06% |
to the total number of Shares in | |
issued as at the date of this | |
announcement: | |
Average consideration per Share: | Approximately HK$3.66 |
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Total consideration of Shares | Approximately HK$5,467,000 |
purchased (excluding all related | |
expenses, transaction levy, | |
brokerage, tax, duties and levies): | |
Balance of number of Shares held | |
by the Trustee: | |
- prior to the Share Purchase | 143,762,000 Shares (5.65%) |
(Percentage to the total number | |
of Shares in issued as at the | |
date of this announcement) | |
- immediately after the Share | 145,254,000 Shares (5.71%) |
Purchase (Percentage to the | |
total number of Shares in issued | |
as at the date of this | |
announcement) | |
As at the date of this announcement, no Award Share has been granted to any Selected Employee pursuant to the Share Award Scheme. The Board will determine at its absolute discretion such number of Award Shares to be granted to the Selected Employee under the Share Award Scheme with such vesting criteria and conditions as it may deem appropriate.
By order of the Board
Chinasoft International Limited
Dr. Chen Yuhong
Chairman and Chief Executive Officer
21 November 2019, Hong Kong
As at the date of this announcement, the Board comprises two executive Directors, namely Dr. Chen Yuhong (Chairman and Chief Executive Officer) and Dr. Tang Zhenming, three non-executive Directors, namely Dr. Zhang Yaqin, Mr. Gao Liangyu and Mrs. Gavriella Schuster, and three independent non-executive Directors, namely Mr. Zeng Zhijie, Dr. Lai Guanrong and Professor Mo Lai Lan.
* For identification purposes only
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