WuXi AppTec (02359): The trustee plans to complete the purchase of H shares worth 1 billion Hong Kong dollars under the 2024 H-share incentive trust plan's basic grant conditions.

WuXi AppTec (02359) announced that, according to the 2024 H-share Incentive Trust Plan, the trustee plans to use funds provided by the company, not exceeding 1 billion Hong Kong dollars, to purchase H-share shares through on-market transactions at the prevailing market price as the source for the reward shares granted under the basic grant conditions. These H-share shares will be used to incentivize the company's core employees. As of September 24, 2024, the trustee has carried out H-share purchases under the 2024 H-share Incentive Trust Plan using funds totaling 1 billion Hong Kong dollars, purchasing a total of 27.4784 million H-share shares, representing approximately 0.94% of the company's issued share capital as of the date of this announcement. The aforementioned purchased H-share shares will serve as the source for granting rewards to selected participants after the achievement of the basic grant conditions under the 2024 H-share Incentive Trust Plan (i.e., the group achieves a revenue of RMB 38.3 billion or above in 2024).