HC TECH GP (01116) advises adopting a new stock purchase plan.

HC TECH GP (01116) announcement, the existing share option scheme was adopted through a resolution passed by the shareholders on May 31, 2019, and is effective for a period of ten years from the adoption date. According to the terms of the existing share option scheme, the company may at any time terminate the existing share option scheme through a resolution passed at a shareholders' meeting. In such cases, no further share options may be granted, but the terms of the existing share option scheme remain valid and effective for exercising any share options granted before its termination or as otherwise provided for in the existing share option scheme. The Board has no intention of granting any further share options under the existing share option scheme from the date of this announcement until the upcoming shareholders' meeting of the company. The company proposes to adopt a new share option scheme in accordance with the latest regulations under Chapter 17 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Exchange) published in July 2022. The new share option scheme is intended to provide the company with a flexible way to retain, motivate, reward, thank, compensate and/or provide benefits to eligible participants.