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 no-consideration donation of shares by the company’s major shareholders to an employee trust.

According to the announcement, 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 the employee trust without consideration. The donation is intended to recognize and incentivize Longfor Group’s core talent who, during the industry downturn cycle, firmly make the right choices based 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 aims to further strengthen the long-term orientation of core talent and help achieve the company’s medium- to long-term strategic objectives.

As is understood, since the year-end dividend in 2021, Longfor’s major shareholders have continuously chosen to “take dividends in shares.” This no-consideration donation of shares is also a reflection of their long-term support for the company through concrete actions, and a deepening of that support.

(Editor: Jiang Yongdan)

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