Neo-Concept (NCI) CEO Jiang Pengfei Receives Award of 140,000 Shares

What Happened Jiang Pengfei, CEO of Neo-Concept International Group Holdings Ltd (NCI), received a grant/allotment of 140,000 Class B ordinary shares on August 25, 2026. The filing shows an aggregate subscription price of US$350 (par value US$0.0025 per share), reported in the transaction table with a $0.00 per-share entry but clarified in a footnote. This was an issuance by the company (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-08-25; Filing date: 2026-09-08 (filed 14 days after the transaction).
• Shares: 140,000 Class B Ordinary Shares; par value per share: US$0.0025; aggregate subscription price: US$350.
• Reporting inconsistency: the transaction line lists $0.00 per share; footnote F2 confirms the US$0.0025 par price and US$350 total.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Corporate approval / related-party note: Footnote F2 states the allotment was approved by the Board and the Audit Committee and is identified as a related-party transaction.

Context Class B Ordinary Shares are convertible at the holder’s option into Class A Ordinary Shares on a one-for-one basis (footnote F1). This was a company issuance at par value rather than a market purchase or option exercise. The filing was submitted well after the typical two-business-day Section 16 reporting window, so the Form 4 appears to have been filed late. This summary is factual and does not infer motivation behind the issuance.