DUIBA (01753.HK): Controlling Shareholder Gifts 120.68 Million Shares to Staff Award Platform, 11.21%
- Kewei Holding held 1,828,329 shares (about 0.17%) before the transfer and will hold 122,510,329 shares (about 11.38%) upon completion.
- Kewei Holding has undertaken that the new incentive schemes will mainly serve talent incentives for its AI businesses, including the AI short-drama business.
- All awards will be subject to the vesting and lock-up arrangements under the Company's share incentive management measures.
NewTimeSpace News: On 20 September 2026, Duiba Group Limited (stock code: 01753) announced on a voluntary basis that the Company was notified by Xiaoliang Holding Limited, its controlling shareholder, that on 20 September 2026, Xiaoliang Holding entered into a deed of gift with Kewei Holding Limited, pursuant to which Xiaoliang Holding agreed to transfer an aggregate of 120,682,000 shares of the Company to Kewei Holding, the Company's employee share award platform, for nil consideration, representing approximately 11.21% of the total issued share capital of the Company as at the date of the announcement.
The announcement showed that Xiaoliang Holding held an aggregate of 454,552,000 shares, representing approximately 42.21% of the total issued shares as at the date of the announcement, and will hold 333,870,000 shares, representing approximately 31.01%, upon completion of the transfer. Kewei Holding held 1,828,329 shares, representing approximately 0.17%, as at the date of the announcement, and will hold an aggregate of 122,510,329 shares, representing approximately 11.38%, upon completion. The transfer will not result in any change in Xiaoliang Holding's status as the Company's controlling shareholder.
The shares held by Kewei Holding are expected to be used for awards granted or to be granted under the Company's employee incentive scheme. Based on its AI technology-driven high-growth business strategy, Kewei Holding has undertaken to add new incentive schemes primarily for talent incentives required for the development of its AI businesses, including its AI short-drama business, and all awards will be subject to the vesting and lock-up arrangements under the Company's share incentive management measures. The Company said the gift arrangement reflects the major shareholder's confidence in and support for the Company's long-term development.
NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
