百果园集团(2411.HK):发布股权激励 管理层增持股份 彰显发展信心

Core Viewpoint - The company has announced a stock incentive plan and a management shareholding increase plan, which are expected to enhance long-term incentive and constraint mechanisms, attract talent, and demonstrate confidence in long-term business development [1][2]. Group 1: Stock Incentive Plan - The company announced a stock incentive plan on December 1, 2025, granting 150 million restricted stock units to 14 employees, representing approximately 8.27% of the total issued shares [2]. - The grant price for the stock incentive is set at HKD 1.8 per share, with a vesting date of April 30, 2029 [2]. - The plan aims to align the interests of the recipients with those of the company and shareholders, linking vesting conditions to performance assessments at both company and individual levels [2]. Group 2: Management Shareholding Increase - The controlling shareholder, Mr. Yu Huiyong, plans to increase his shareholding by up to 10 million H shares within the next 12 months, currently holding 736 million H shares, which is about 36.8% of the company's total issued shares [1]. - This shareholding increase reflects the controlling shareholder's long-term confidence in the company's development [1]. Group 3: Investment Outlook - The company is currently in a strategic adjustment phase, actively promoting strategic upgrades to support long-term growth, with expectations of gradually restoring same-store sales growth and increasing store openings [3]. - Due to anticipated pressures on store openings and same-store performance in 2025, the company has adjusted its net profit forecasts for 2025, 2026, and 2027 to -360 million, 20 million, and 70 million respectively, maintaining an "Accumulate" investment rating [3].

PAGODA GP-百果园集团(2411.HK):发布股权激励 管理层增持股份 彰显发展信心 - Reportify