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Fortior Technology Updates Articles After Restricted Share Vesting Boosts Registered Capital

Story Highlights
  • Fortior Technology completed the first vesting under its 2024 restricted share incentive plan, issuing new A shares and using repurchased shares.
  • The vesting increased total issued shares and registered capital, leading to authorized amendments to the Articles on capital and share structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fortior Technology Updates Articles After Restricted Share Vesting Boosts Registered Capital

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An announcement from Fortior Technology (Shenzhen) Co., Ltd. Class H ( (HK:1304) ) is now available.

Fortior Technology (Shenzhen) Co., Ltd. has completed the first vesting under its 2024 Restricted Share Incentive Plan, with 474,300 restricted shares vested through the issuance of 281,300 new A shares and the use of 193,000 previously repurchased A shares. Following this vesting, the company’s total issued share capital has increased to 115,114,080 shares and its registered capital has been raised to RMB115,114,080, prompting targeted amendments to its Articles of Association on registered capital and share structure that were carried out under prior authorization from shareholders and did not require a new general meeting.

More about Fortior Technology (Shenzhen) Co., Ltd. Class H

Fortior Technology (Shenzhen) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability and listed in Hong Kong with both A shares and H shares in issue, reflecting a capital markets focus that spans the mainland Chinese and Hong Kong equity markets.

Average Trading Volume: 263,814

Technical Sentiment Signal: Strong Sell

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