Summary by Futu AI
PURPLE GOLD MINING GROUP CO., LTD. ANNOUNCED THAT ITS 2023 STOCK OPTION INCENTIVE PROGRAM WAS COMPLETED ON JANUARY 5, 2024, INVOLVING 4,200 MILLION SHARE OPTIONS FOR A TOTAL OF 13 INCENTIVES. The incentive plan was approved by the Board of Directors on 8 December 2023 and completed registration under the mandate of the General Meeting. The stock option is priced at RMB11.95/A share, originating from RMB Ordinary Shares issued by the Company. The plan is valid for a maximum of 60 months with a waiting period of 24 months, after which it will be executed in three phases. The specific distribution of stock options includes the granting of 600 million shares by Chairman Chen Jinghe, etc. THIS INCENTIVE PROGRAM AIMS TO FURTHER TIE EXECUTIVES TO CORPORATE INTERESTS AND INCENTIVIZE MANAGEMENT TO IMPROVE COMPANY PERFORMANCE.