Horizon Construction Signs Key Agreement

Horizon Construction Development Limited (HK:9930) has released an update.

Horizon Construction Development Limited has entered into a Referable Amount Framework Agreement following its recent grant of Restricted Shares which resulted in connected persons of the Company holding over 30% interest in the Trust. This agreement, effective from August 8, 2024, to December 31, 2026, allows the company to make payments for purchasing shares in the open market to fulfill the Restricted Share Award Scheme’s vesting requirements. The transactions fall under the Hong Kong Listing Rules for reporting and annual review but are exempt from requiring independent shareholder approval.

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