Longfor Group Holdings Limited (00960) announced on March 30 that its major shareholders will donate shares to an employee trust without receiving any consideration. The company’s principal shareholders, Charm Talent International Limited and Junson Development International Limited, have committed to transferring 60 million shares and 40 million shares, respectively, to the employee trust at no cost. The donation aims to recognize and motivate Longfor Group’s key personnel who have remained committed to the company’s long-term value despite a downturn in the industry. These donated shares will be incorporated into Longfor Group’s Restricted Share Incentive Plan and will be subject to the plan’s rules regarding granting and vesting restrictions. The arrangement reflects the major shareholders’ confidence in and support for the company’s long-term development, reinforcing a long-term orientation among core employees and helping achieve the firm’s medium- to long-term strategic goals. Since the final dividend distribution in late 2021, Longfor’s major shareholders have consistently opted to receive shares in lieu of cash dividends. This non-cash share donation further demonstrates their ongoing practical support for the company.