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Xingye Alloy Materials Group Limited ( (HK:0505) ) has issued an announcement.
Xingye Alloy Materials Group Limited has renewed and extended its employee share award scheme, which was originally adopted in 2016 and due to expire on 17 April 2026. The amended trust deed, signed on 17 April 2026, prolongs the scheme and the trustee’s appointment for another ten years to 16 April 2036, ensuring the continued use of share incentives as part of the company’s remuneration and retention strategy.
Under the revised terms, the maximum number of awarded shares that may be granted has been set at 10% of the company’s total issued shares as of the amendment date. The scheme will now be funded solely through existing shares rather than the issue of new shares, meaning it remains a share scheme under Chapter 17 of the Hong Kong Listing Rules without triggering additional dilution for shareholders.
More about Xingye Alloy Materials Group Limited
Xingye Alloy Materials Group Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the alloy materials sector. The company focuses on producing alloy-based materials and products, serving industrial customers and related downstream markets, and is overseen by a board comprising executive and independent non-executive directors.
Average Trading Volume: 71,525
Technical Sentiment Signal: Buy
Current Market Cap: HK$898.3M
For a thorough assessment of 0505 stock, go to TipRanks’ Stock Analysis page.