TOUYUN BIOTECH (01332) recommends adopting a new share purchase plan and terminating the existing share purchase plan.

TOUYUN BIOTECH (01332) announces that on April 24, 2025, the board of directors passed a resolution to recommend the adoption of a new stock purchase plan and the termination of the existing stock purchase plan for approval by shareholders at the annual general meeting. The existing stock purchase plan was adopted by the company on June 2, 2022 and has a validity period of ten years from the adoption date. According to the terms of the existing stock purchase plan, the company may terminate the plan at any time by resolution at a shareholders' meeting, in which case no further stock options may be granted, but the provisions of the plan will remain in effect to allow for the exercise of any stock options already granted or that may be exercised under the existing stock purchase plan terms. Stock options granted under the existing plan prior to termination shall remain valid and may be exercised in accordance with the rules of the existing stock purchase plan. As of the date of this announcement, there are 355,968,000 stock options granted but not yet exercised under the existing stock purchase plan. The board of directors does not intend to grant any further stock options under the existing plan from the date of this announcement until the annual general meeting of shareholders. Amendments to Chapter 17 of the Listing Rules took effect from January 1, 2023. As a result, the company proposes to terminate the existing stock purchase plan and adopt a new stock purchase plan, which will be valid for ten years from the adoption date. The provisions of the new stock purchase plan will comply with the rules of the amended Chapter 17 of the Listing Rules that took effect from January 1, 2023. The directors believe that the new stock purchase plan will help attract and retain talented individuals within the group, provide additional incentives for eligible participants, and contribute to the overall success of the group's business. Additionally, the new stock purchase plan will provide eligible participants with an opportunity to have a personal stake in the company, encouraging them to improve their performance and efficiency, and attract and retain eligible participants who make significant contributions to the group's long-term growth and profitability.