Longfor Group's two main shareholders donate shares without consideration to strengthen long-term incentives for core talent

On March 30, Longfor Group Holdings Limited issued an announcement regarding the company’s major shareholders making a no-consideration donation of shares to employee trusts.

The announcement shows that the company’s major shareholders, Charm Talent International Limited and Junson Development International Limited, respectively pledged to donate 60,000,000 shares and 40,000,000 shares to employee trusts without consideration. The donation is intended to recognize and incentivize Longfor Group’s core talent who, during an industry downturn cycle, make the right choices by firmly basing them on the company’s long-term value.

The shares donated by the major shareholders without consideration will be included in Longfor Group’s “Restricted Share Incentive Plan,” and must comply with the restriction rules under the plan regarding grant and vesting. This donation arrangement reflects the major shareholders’ confidence in and support for the company’s long-term development. It is intended to further strengthen core talent’s commitment to a long-term mindset and help achieve the company’s mid- to long-term strategic goals.

According to information, since the 2021 final dividend, Longfor’s major shareholders have continuously chosen “dividend in shares.” This no-consideration share donation is also a further manifestation and deepening of its long-term commitment to supporting the company through concrete actions.

(Editor: Jiang Yongdan)

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