Summary by Futu AI
Ideal Automotive filed with Hong Kong Trading and Settlement Limited on 6 March 2024 the Monthly Securities Change Report for the year ended 29 February 2024. THE REPORT SHOWS THAT THE STATUTORY/REGISTERED SHARE CAPITAL OF THE COMPANY REMAINED UNCHANGED OVER THE PAST MONTH WITH 4,500,000,000 SHARES OF CLASS A ORDINARY SHARES DEPOSITED AND 500,000,000 SHARES OF CLASS B ORDINARY SHARES. In addition, under the Share Incentive Program in 2019 and 2020, the Company exercised stock options during this month, resulting in a reduction in the number of options for Class A Ordinary Shares, but the number of stock options outstanding at the end of the month still has a large number of options available for exercise. The report also mentions that new issuer shares may be issued under restricted share units granted under the 2019 and 2020 share incentive plans. The Company confirms that all issuance of securities has been formally authorized by the Board of Directors and complies with the relevant requirements of the Securities Listing Rules of the Hong Kong Stock Exchange Limited.