Summary by Futu AI
The fifth meeting of the 9th Board of Directors was held on 23 February 2024 at the headquarters of Zou City, Shandong Province. The meeting was held by communication at the headquarters of Zou City, Shandong Province. All 11 directors attended. The resolution approved the repurchase of some incentive restricted shares involving approximately $539.35 million for a total repurchase of 140.118 million shares. In addition, the meeting also approved the achievement of the first lifting of the limitation period condition under the A Share Restricted Stock Incentive Scheme 2021, which will derestrict the sale of 2916.342 million shares of 1201 incentive objects. Both motions were approved by 9 votes, 0 against and 0 abstentions, and were unanimously passed by the non-affiliated directors. The meetings are held and the materials of the meeting are in accordance with the relevant laws and regulations and the articles of association and have been notified to the directors in advance of the meeting. Details of the resolution of the meeting have been published on the Shanghai Stock Exchange website and on the company website.