Summary by Futu AI
YSB announced on 6 February 2024 that it has granted a total of 10,552,500 shares of bonus shares to 619 employees and 1 service provider under the 2023 Share Incentive Scheme, representing approximately 1.65% of the total issued shares. The purchase price of this bonus share is zero and is intended to incentivize employees and service providers to successfully serve the company and share the value of the company's performance. Bonus shares vary from one year to four years during which they are allocated and have performance targets. The Board said the move would strengthen strategic alliances and business relationships with service providers and be linked to the company's performance over the long term. Once granted, the number of shares available for future issuance under the 2023 Share Incentive Plan will be 48,991,505 shares.