China Youzan Technology Co., Ltd. (China Youzan) issued a supplementary announcement on September 5, 2024, detailing the supplementary information on the share purchase plan in its 2023 annual report. The plan was granted to selected directors and other employees based on the 2019 share purchase plan on January 20, 2023, without performance targets. At the time of granting, the closing price of the company's shares was HKD 0.250. As of January 1, 2023, the number of share purchase rights available for granting was 1,682,580,761, and by the end of 2023, both the authorized limit of the new share purchase plan and the limit for service providers were zero. The purpose of the 2019 share purchase plan was to motivate and retain talents, and there was no limit for the allocation of...Show More

China Youzan Technology Co., Ltd. (China Youzan) issued a supplementary announcement on September 5, 2024, detailing the supplementary information on the share purchase plan in its 2023 annual report. The plan was granted to selected directors and other employees based on the 2019 share purchase plan on January 20, 2023, without performance targets. At the time of granting, the closing price of the company's shares was HKD 0.250. As of January 1, 2023, the number of share purchase rights available for granting was 1,682,580,761, and by the end of 2023, both the authorized limit of the new share purchase plan and the limit for service providers were zero. The purpose of the 2019 share purchase plan was to motivate and retain talents, and there was no limit for the allocation of service providers. As of the date of the annual report, the total number of shares available for issuance was 255,052,000, accounting for 0.77% of the total issued shares. The tender offer period for the share purchase rights was 28 days, and the original requirement for accepting the offer was to pay HKD 1, but the board of directors has decided to waive this payment requirement. The board of directors consists of four executive directors and three independent non-executive directors, who are responsible for the content of the announcement. The announcement will be published for seven days on the Stock Exchange of Hong Kong and the company's website.