Chinasoft International : Announcements and Notices
May 22, 2019 at 04:03 pm IST
Share
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
CHINASOFT INTERNATIONAL LIMITED
中 軟 國 際 有 限 公 司 *
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 354)
VOLUNTARY ANNOUNCEMENT
SHARE PURCHASE PURSUANT TO THE SHARE AWARD SCHEME
This announcement is issued by Chinasoft International Limited (the "Company") as a voluntary announcement to allow the public to understand the latest information on the Company.
Reference is made to the announcement of the Company dated 10 December 2018 (the "Announcement") in relation to the adoption of the share award scheme on 10 December 2018 (the "Share Award Scheme"). Capitalized terms used herein shall have the same meanings as those defined in the Announcement unless the context requires otherwise.
On 22 May 2019, the Trustee purchased a total number of 1,870,000 Shares (the "Share Purchase") on the market for the purpose of the Share Award Scheme. Details of the Shares purchased and the latest information about the Shares held by Trustee on trust for the benefit of the Selected Employee are as follows:
Trade date:
22 May 2019
Settlement date:
24 May 2019
Total number of Shares purchased:
1,870,000 Shares
Percentage of the Shares purchased
Approximately 0.07%
to the total number of Shares in
issued as at the date of this
announcement:
Average consideration per Share:
Approximately HK$3.68
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Total consideration of Shares
Approximately HK$6,887,000
purchased (excluding all related
expenses, transaction levy,
brokerage, tax, duties and levies):
Balance of number of Shares held
by the Trustee:
- prior to the Share Purchase
41,672,000 Shares (1.64%)
(Percentage to the total number
of Shares in issued as at the
date of this announcement)
- immediately after the Share
43,542,000 Shares (1.71%)
Purchase (Percentage to the
total number of Shares in issued
as at the date of this
announcement)
As at the date of this announcement, no Award Share has been granted to any Selected Employee pursuant to the Share Award Scheme. The Board will determine at its absolute discretion such number of Award Shares to be granted to the Selected Employee under the Share Award Scheme with such vesting criteria and conditions as it may deem appropriate.
By order of the Board
Chinasoft International Limited
Dr. Chen Yuhong
Chairman and Chief Executive Officer
22 May 2019, Hong Kong
As at the date of this announcement, the Board comprises two executive Directors, namely Dr. Chen Yuhong (Chairman and Chief Executive Officer) and Dr. Tang Zhenming, three non-executive Directors, namely Dr. Zhang Yaqin, Mr. Gao Liangyu and Mrs. Gavriella Schuster, and three independent non-executive Directors, namely Mr. Zeng Zhijie, Dr. Lai Guanrong and Professor Mo Lai Lan.
* For identification purposes only
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ChinaSoft International Limited published this content on 22 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 May 2019 10:32:04 UTC
Chinasoft International Limited is a Hong Kong-based investment holding company principally engaged in the provision of information technology (IT)-related services. The Company operates through two segments. Technical Professional Services segment is engaged in the development and provision of solutions, emerging services and IT outsourcing services for banks and other financial institutions, telecommunication carriers and other multinational companies, including the sales of products. Internet IT Services segment is engaged in the development and provision of solutions and IT outsourcing services for government, tobacco industry and other small companies and training businesses, including the sales of products.