Summary by Futu AI
Hong Kong Technology Exploration Limited announced on 26 January 2024 that it has granted a total of 1500 million share options to the Executive Director and Major Shareholders Mr. Zhang Zijian and Mr. Wang Weiqi under the 2020 Share Option Plan. The exercise price of the share option is HK$2,050 per share and is valid for ten years from 26 January 2024 to 25 January 2034. This license is intended to motivate and retain grantors, align them with the interests of the Company and its shareholders, and strive for the long-term success and growth of the Company. The grant is subject to independent shareholder approval and does not establish performance targets or refund mechanisms. Once granted, the number of shares available for future issuance under the 2020 Stock Option Plan is 7542 million 2564 shares.