Key Executives and Board Members of CStone Pharmaceuticals to Purchase Additional Company Shares

Stock News
Jun 03

In a significant show of confidence, the Chief Executive Officer, President of R&D and Executive Director, Dr. Jianxin Yang, along with other board members and several senior executives of CStone Pharmaceuticals-B (HKEX: 02616), have announced plans to increase their holdings in the company. The move is based on their belief in the firm's future prospects and recognition of its long-term investment value, and will be executed using personal funds in the open market, in full compliance with the Hong Kong Stock Exchange listing rules and other applicable laws and regulations.

The share purchase program is scheduled to commence from June 2026 and will continue until the start of the blackout period preceding the release of the group's interim results for the six months ending June 30, 2026. The total number of shares to be acquired under this plan is between 2 million and 5 million.

Dr. Jianxin Yang commented on the initiative, stating, "This share purchase plan demonstrates the board and senior management's unwavering confidence in the global competitiveness of our product pipeline. The current trading price does not reflect the true value of our R&D achievements. We remain committed to accelerating key clinical programs, including disclosing multiple important clinical advancements for CS2009 (a PD-1/VEGF/CTLA-4 trispecific antibody) and initiating the global multi-center Phase III registration trial for CS2009, thereby continuing to create value for both patients and shareholders."

The company's board of directors views the planned share acquisitions by the directors and senior management as a strong testament to their long-term commitment to the company and their firm belief in its future business outlook. The board is confident that these purchases are in the best overall interests of the company and its shareholders.

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