An update from Fibocom Wireless, Inc. Class H ( (HK:0638) ) is now available.

Fibocom Wireless Inc. has decided to terminate its 2026 Employee Stock Ownership Plan, which was designed to allocate repurchased A shares to up to 269 directors, managers and key technical and business staff at a set price of RMB15.10 per share. The termination follows a sharp decline in the company’s share price that weakened employee appetite for participation and left grant agreements and subscription payments unexecuted.

The board concluded that ending the plan early aligns with employees’ interests and the company’s long‑term development, and confirmed that the move falls within its authority and complies with PRC company and securities laws and relevant regulatory guidance. Fibocom said the decision will not harm shareholders or disrupt its strategic or operating plans, and pledged to pursue alternative long‑term incentive mechanisms to attract and retain talent and support the firm’s ongoing growth.