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Smoore Boosts Share Award Plan With HK$49.9 Million Market Purchase

Story Highlights
  • Smoore expanded its share award plan, using a trustee to buy over 5.24 million shares on the market for employee or participant incentives.
  • The trustee’s holdings increased to about 1.62% of Smoore’s issued shares, reinforcing the company’s reliance on equity-based reward mechanisms.
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Smoore Boosts Share Award Plan With HK$49.9 Million Market Purchase

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The latest update is out from Smoore International Holdings Limited ( (HK:6969) ).

Smoore International Holdings Limited has disclosed a new share purchase executed under its existing Share Award Plan, which was originally adopted in 2021 and amended with shareholder approval in February 2025. The plan allows the board or its committee to grant shares to eligible participants at their discretion as part of long-term incentive arrangements.

On 17 April 2026, the trustee acquired 5,242,000 Smoore shares on the open market at an average price of about HK$9.5144, for total consideration of roughly HK$49.87 million excluding expenses. Following the purchase, the trustee’s holdings rose from about 95.39 million to 100.63 million shares, equivalent to an increase from approximately 1.54% to 1.62% of the company’s issued share capital, signaling continued use of equity-based incentives for key participants.

More about Smoore International Holdings Limited

Smoore International Holdings Limited is a Cayman Islands–incorporated company listed in Hong Kong, operating through a group structure. It is involved in the broader technology and manufacturing space, with its shares traded on the Main Board of the Hong Kong Stock Exchange under stock code 06969, and governed by a board comprising executive, non-executive, and independent non-executive directors.

Average Trading Volume: 20,280,238

Technical Sentiment Signal: Sell

Current Market Cap: HK$57.92B

For an in-depth examination of 6969 stock, go to TipRanks’ Overview page.

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