Summary by Futu AI
On July 9th 2024, China Vanke voluntarily announced that the company's core management personnel plan to self-fund RMB 0.2 billion to increase their A-share shareholding within the next 6 months. This reflects the management's long-term confidence in the company and the industry, with the aim of safeguarding shareholder interests and enhancing investor confidence. The shareholding plan will be implemented through a service-type trust plan established by employee representatives as trustees, and will strictly abide by relevant laws and regulations. In the plan, 15 full-time directors, supervisors, senior management personnel and group party committee members of the company will contribute no less than RMB 73 million, while other core management personnel, a total of 1,847 people, will contribute no more than RMB 0.127 billion. After the shareholding plan is completed, the purchased stocks will be voluntarily locked for two years. The company will continue to monitor the progress of the shareholding plan and fulfill its information disclosure obligations in a timely manner.