Jenscare Scientific Announces Employee Incentive Loan Deal

Jenscare Scientific Co. Ltd. Class H (HK:9877) has released an update.

Jenscare Scientific Co., Ltd. has entered into a loan agreement with Hainan Yize to facilitate the repurchase of interests in their ESOP Platforms, maintaining these interests for future employee incentives. The three-year loan, with a cap of approximately RMB 12 million, is part of a continuing connected transaction as Hainan Yize is associated with a company director. Such transactions are subject to reporting and annual review requirements but do not require independent shareholder approval.

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