Zhongtian Hongxin (00994.HK) recommends adopting a new share purchase plan and share incentive plan.

Intelligence Finance APP information, China Tianhong New Media (00994.HK) announced that the board of directors proposed to shareholders at the extraordinary general meeting to adopt a new share purchase plan, which will constitute a share plan as referred to in Chapter 17 of the listing rules. According to the listing rules, share plans that involve the issuance of new shares must be approved by shareholders at a general meeting of the listed issuer. Therefore, the new share purchase plan must be approved at the extraordinary general meeting of shareholders before it can be adopted. The board also proposed to shareholders at the extraordinary general meeting to adopt a share incentive plan, which will constitute a share plan as referred to in Chapter 17 of the listing rules. According to the listing rules, share plans that involve the issuance of new shares must be approved by shareholders at a general meeting of the listed issuer. Therefore, the share incentive plan must be approved at the extraordinary general meeting of shareholders before it can be adopted.