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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Chinasoft International Limited    354   KYG2110A1114

CHINASOFT INTERNATIONAL LIMITED

(354)
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Chinasoft International : VOLUNTARY ANNOUNCEMENT SHARE PURCHASE PURSUANT TO THE SHARE AWARD SCHEME

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09/11/2019 | 06:52am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHINASOFT INTERNATIONAL LIMITED

中 軟 國 際 有 限 公 司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 354)

VOLUNTARY ANNOUNCEMENT

SHARE PURCHASE PURSUANT TO THE SHARE AWARD SCHEME

This announcement is issued by Chinasoft International Limited (the "Company") as a voluntary announcement to allow the public to understand the latest information on the Company.

Reference is made to the announcement of the Company dated 10 December 2018 (the "Announcement") in relation to the adoption of the share award scheme on 10 December 2018 (the "Share Award Scheme"). Capitalized terms used herein shall have the same meanings as those defined in the Announcement unless the context requires otherwise.

On 11 September 2019, the Trustee purchased a total number of 2,000,000 Shares (the "Share Purchase") on the market for the purpose of the Share Award Scheme. Details of the Shares purchased and the latest information about the Shares held by Trustee on trust for the benefit of the Selected Employee are as follows:

Trade date:

11 September 2019

Settlement date:

13 September 2019

Total number of Shares purchased:

2,000,000 Shares

Percentage of the Shares purchased

Approximately 0.08%

to the total number of Shares in

issued as at the date of this

announcement:

Average consideration per Share:

Approximately HK$3.55

1

Total consideration of Shares

Approximately HK$7,100,000

purchased (excluding all related

expenses, transaction levy,

brokerage, tax, duties and levies):

Balance of number of Shares held

by the Trustee:

- prior to the Share Purchase

100,602,000 Shares (3.95%)

(Percentage to the total number

of Shares in issued as at the

date of this announcement)

- immediately after the Share

102,602,000 Shares (4.03%)

Purchase (Percentage to the

total number of Shares in issued

as at the date of this

announcement)

As at the date of this announcement, no Award Share has been granted to any Selected Employee pursuant to the Share Award Scheme. The Board will determine at its absolute discretion such number of Award Shares to be granted to the Selected Employee under the Share Award Scheme with such vesting criteria and conditions as it may deem appropriate.

By order of the Board

Chinasoft International Limited

Dr. Chen Yuhong

Chairman and Chief Executive Officer

11 September 2019, Hong Kong

As at the date of this announcement, the Board comprises two executive Directors, namely Dr. Chen Yuhong (Chairman and Chief Executive Officer) and Dr. Tang Zhenming, three non-executive Directors, namely Dr. Zhang Yaqin, Mr. Gao Liangyu and Mrs. Gavriella Schuster, and three independent non-executive Directors, namely Mr. Zeng Zhijie, Dr. Lai Guanrong and Professor Mo Lai Lan.

*  For identification purposes only

2

Disclaimer

ChinaSoft International Limited published this content on 11 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2019 10:51:06 UTC

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Financials
Sales 2020 14 126 M 2 087 M 2 087 M
Net income 2020 907 M 134 M 134 M
Net cash 2020 800 M 118 M 118 M
P/E ratio 2020 14,7x
Yield 2020 0,47%
Capitalization 13 046 M 1 928 M 1 928 M
EV / Sales 2020 0,87x
EV / Sales 2021 0,71x
Nbr of Employees 67 992
Free-Float 89,7%
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Technical analysis trends CHINASOFT INTERNATIONAL LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Average target price 5,50 CNY
Last Close Price 5,10 CNY
Spread / Highest target 40,9%
Spread / Average Target 7,91%
Spread / Lowest Target -11,4%
EPS Revisions
Managers
NameTitle
Yu Hong Chen Chairman & Chief Executive Officer
Simon Chung Chief Operating Officer
Leung Chai Leong Deputy CFO, Secretary & Accountant
Zhi Jie Zeng Independent Non-Executive Director
Zhen Ming Tang Executive Director & Senior Vice President
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