JF SMARTINVEST (09636.HK): 400,000 RSUs to connected person
- The grant is at nil consideration under the 2024 share incentive scheme, with 400,000 units equal to about 0.09% of issued shares excluding treasury shares.
- At HKD24.34 per share the units are worth about HKD9,736,000, with the highest percentage ratio above 0.1% but below 5%, so shareholder approval is not required.
NewTimeSpace News: On 9 November 2026, JF SmartInvest Holdings Ltd (Stock Code: 09636) granted restricted share units at nil consideration to several employees under its 2024 share incentive scheme approved on 27 September 2024, including 400,000 units to Wang Xia, about 0.09% of issued shares excluding treasury shares.
The announcement shows Wang is a group employee and the spouse of director Chen Jigeng, making her a connected person. The units will be satisfied on vesting from existing shares held by the trustee, with no new shares issued. At the closing price of HKD24.34 on the grant date, the 400,000 units are worth about HKD9,736,000, with the highest applicable percentage ratio above 0.1% but below 5%, so it is a connected transaction under Chapter 14A subject to reporting, announcement and annual review but exempt from independent shareholder approval.
