Founder of Duiba Group Donates Approximately 11.21% of Total Shares to Employee Stock Platform at No Cost

Deep News
Sep 20

On September 20, Duiba (01753.HK) announced that its controlling shareholder, Xiaoliang Holding, entered into a deed of gift with the employee share award platform on the same day, agreeing to transfer 120,682,000 shares of the company at no cost, representing about 11.21% of the issued share capital, for awards already granted or to be granted under the employee incentive plan. The platform has committed that future incremental incentives will primarily target talent development for AI businesses, including the AI short drama segment, and that all shares granted under both existing and new incentives must adhere to the vesting and lock-up arrangements outlined in the company's equity incentive management measures. Following the transfer, Xiaoliang Holding's stake will drop from 42.21% to 31.01%, while the employee share award platform's holding will rise from 0.17% to 11.38%, with the controlling shareholder remaining unchanged.

The company stated that this donation reflects the major shareholder's confidence in and support for the company's long-term growth, aiming to reinforce a long-term orientation among core talent. According to public data, this donation could mark the highest percentage of total share capital ever gifted by a founder to an employee stock plan in the Hong Kong market to date.

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