Summary by Moomoo AI
China Biopharmaceuticals Limited (the “Company”) on April 17, 2024 pursuant to the Restrictive Share Award Scheme adopted on January 5, 2018, purchased 5,000,000 shares from the market through trustees, held in trust and prepared to be granted to selected participants. The share purchase represented approximately 0.027% of the total issued shares, with an average price of HK$2.459 per share and a total cost of approximately HK$12,295,050. The Board of Directors will continue to review and decide on the number of shares to be granted in the future under the Scheme and the number of shares to be purchased. The Company's Board of Directors consists of seven executive directors and five independent non-executive directors.