Longfor's two main shareholders donated 100 million shares without compensation to incentivize core talent.

Gelonghui, March 30 | Today, Longfor Group Holdings Limited announced the donation of shares to an employee trust by its major shareholders without consideration.

The announcement shows that the company’s major shareholders, Charm Talent International Limited and Junson Development International Limited, have committed to donate 60,000,000 shares and 40,000,000 shares, respectively, to the employee trust without consideration. This donation aims to recognize and incentivize the core talent of Longfor Group who have made the right choices firmly based on the company’s long-term value during the industry’s downturn.

The shares donated by the major shareholders without consideration will be included in Longfor Group’s “Restricted Share Incentive Plan,” and must comply with the grant and vesting restrictions under the plan. This donation arrangement reflects the major shareholders’ confidence and support for the company’s long-term development, aiming to further strengthen the long-termism orientation of core talent and assist in achieving the company’s medium- to long-term strategic goals.

It is understood that since the end of 2021, Longfor’s major shareholders have continuously chosen “dividends in shares.” This donation of shares without consideration also represents their long-term support for the company through tangible actions.