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Zibuyu Group Limited ( (HK:2420) ) has provided an announcement.
Zibuyu Group Limited has granted 5 million awarded shares, representing about 1% of its issued share capital (excluding treasury shares), to executive director and chief executive officer Mr. Chen Caixiong under its existing share award scheme. The award, made at no consideration and vesting in one lump sum, is based on Mr. Chen’s role in driving strategic reforms that returned the company to profitability in 2024 and sustained performance growth in the first half of 2025, with the shares to be satisfied by market purchases rather than new issuance. The board, excluding Mr. Chen, considers the grant to be fair, on normal commercial terms and in the interests of shareholders, positioning the move as a key element of the company’s remuneration strategy to align management and shareholder interests, retain key talent, and support the group’s continued development, while constituting a connected transaction under Hong Kong listing rules due to Mr. Chen’s role as a connected person.
The most recent analyst rating on (HK:2420) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on Zibuyu Group Limited stock, see the HK:2420 Stock Forecast page.
More about Zibuyu Group Limited
Zibuyu Group Limited, incorporated in the Cayman Islands and listed in Hong Kong, is principally engaged in the sale of apparel and footwear products. The company operates in the consumer retail sector, focusing on fashion-related merchandise and leveraging management initiatives to improve profitability and operational efficiency.
Average Trading Volume: 193,539
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.59B
See more insights into 2420 stock on TipRanks’ Stock Analysis page.