On September 4, VGT rose 3.18% in regular trading, trading at 205.6 HKD/share, with turnover of 64.67 million HKD. The rebound follows the company's simultaneous disclosure on September 3 of an A-share restricted stock incentive plan and its first employee stock ownership plan.

Specifically, the restricted stock incentive plan proposes granting 4.8624 million shares to 1,545 mid-level managers and core personnel at a price of RMB 155.94 per share, representing roughly a 30% discount to the current A-share price. The employee stock ownership plan targets up to 564 participants with a fundraising cap of RMB 700 million and a 60-month duration. Both proposals are scheduled for shareholder vote on September 18.

The dual plans come amid a period of pressure for VGT, which saw its stock decline nearly 20% following its half-year results on August 27. The interim report showed H1 revenue of RMB 11.629 billion, up 28.77% year-over-year, while attributable net profit rose 33.3% to RMB 2.857 billion. However, Q2 non-GAAP net profit fell 5.28% year-over-year, and gross margin contracted 6.73 percentage points, reflecting raw material cost pressures. Sentiment was further weighed by the controlling shareholder's equity transfer to his spouse following a widely discussed personal controversy.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)