LI-NING (02331.HK): Sets 2026 Cap for Restricted Share Award Plan, to Purchase 15 Million Shares for HK$300 Million
To meet the share vesting requirements under the Restricted Share Award Plan, the board of directors of LI-NING Company Limited has resolved to set an annual cap for the 2026 restricted share purchase period. The company intends to spend a maximum of HK$300 million to buy 15 million of its own shares in the open market. This transaction constitutes a continuing connected transaction as it involves connected persons.
On January 5, 2026, LI-NING (02331.HK) announced the 2026 operational cap for share purchases under its Restricted Share Award Plan to ensure the smooth progress of the plan. According to the announcement, the annual cap is valid from January 1 to December 31, 2026, covering two aspects: first, an annual cap of 15 million shares for purchase quantity; second, an annual cap of HK$300 million for related payments.
It is understood that as of the announcement date, connected persons of LI-NING hold approximately 61.87% of the total interests in the Restricted Share Award Plan. In accordance with the Hong Kong Listing Rules, the company’s act of paying funds to purchase shares under the plan must comply with the relevant provisions governing connected transactions.
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