Summary by Futu AI
newborntown Technology Co., Ltd. ("the Company") purchased a total of 46,316,000 shares through its restricted share unit incentive plan from April 28, 2023, to November 8, 2024, represented by Three D Partners Limited. Furthermore, from November 11 to November 15, 2024, Three D Partners Limited purchased an additional 2,680,000 shares at an average price of HKD 3.72 per share, totaling approximately HKD 9,965,026.20. The board of directors stated that these share purchases demonstrate confidence in the company's business prospects and will create value for shareholders. The board also confirmed that the company's financial resources are sufficient to support further share purchases while maintaining a strong financial position. Currently, the remaining shares held by Three D Partners Limited are 53,684,069 shares. The executive directors of newborntown Technology include Mr. Liu Chunhe, Mr. Li Ping, Mr. Ye Chunjian, and Mr. Su Jian, while the independent non-executive directors are Mr. Gao Ming, Mr. Chi Shujin, and Mr. Huang Sicheng.