Summary by Futu AI
On March 21, 2024, Chao Chi Cheng Technology Co., Ltd. announced that under the Employee Restricted Share Unit Scheme, it has granted a total of 2,679,744 restricted shares to 6 underwriters, representing approximately 0.22% of the issued share capital of the Company. The market value of the restricted share units is approximately HK$6.62 million to HK$6.83 million, depending on the average closing price on the first five business days of the grant or the issued closing price on the same day. The restricted share units granted will belong to the grantor after three months and will not lead to dilution of existing shareholders' equity holdings. The Board considers that this move is in the overall interests of the company and shareholders and no shares have been granted to related persons. The granted restricted share units will be held by the employee's restricted share unit trustee until they are transferred to the grantor after the affiliation conditions are satisfied.