Summary by Futu AI
TENTEN HOLDINGS ANNOUNCED ON 21 MARCH 2024 THAT THE AWARD GRANTED TO EMPLOYEE PARTICIPANTS UNDER THE TERMS OF THE SHARE AWARD SCHEME INVOLVED 23,065,140 SHARES OF BONUS SHARES REPRESENTING APPROXIMATELY 0.2438% OF THE TOTAL SHARES ISSUED. The award is not subject to approval by the General Meeting and is not subject to the Company's directors, principal executives or major shareholders. The award shares have a total vesting period of approximately 15 to 49 months and the purpose of awarding the award is to align the interests of the grantee with the interests of the company, to recognize their contributions and attract and retain talent. Once granted, the number of shares available for future issuance under the Share Award Scheme is 268,295,090 shares and 958,794 shares under the Service Provider Distribution Limit.