PERONG YUNCHO (SHARE CODE: 6608) ANNOUNCES THAT IN ORDER TO COMPLY WITH THE REQUIREMENTS OF THE NEW CHAPTER 17 OF THE LISTING RULES, THE BOARD OF DIRECTORS HAS PROPOSED THE ADOPTION OF THE 2024 SHARE PLAN AND RESTRICTED SHARE UNIT PLAN TO REPLACE THE EXISTING 2021 EMPLOYEE SHARE PLAN AND 2021 SHARE BONUS SCHEME AND TO DISCONTINUE FURTHER UNDER THE 2019 EMPLOYEE SHARE SCHEME Step grant. IMPLEMENTATION OF THE NEW PLAN IS SUBJECT TO SUBSEQUENT SHAREHOLDER APPROVAL AND WILL COMPLY WITH ALL APPLICABLE PROVISIONS UNDER NEW CHAPTER 17 OF THE LISTING RULES. In addition, the Company will apply to the Listing Committee of the Exchange to approve the listing and sale of Class B shares issued under the 2024 Share Plan with an amount not exceeding 10% of the...Show More

PERONG YUNCHO (SHARE CODE: 6608) ANNOUNCES THAT IN ORDER TO COMPLY WITH THE REQUIREMENTS OF THE NEW CHAPTER 17 OF THE LISTING RULES, THE BOARD OF DIRECTORS HAS PROPOSED THE ADOPTION OF THE 2024 SHARE PLAN AND RESTRICTED SHARE UNIT PLAN TO REPLACE THE EXISTING 2021 EMPLOYEE SHARE PLAN AND 2021 SHARE BONUS SCHEME AND TO DISCONTINUE FURTHER UNDER THE 2019 EMPLOYEE SHARE SCHEME Step grant. IMPLEMENTATION OF THE NEW PLAN IS SUBJECT TO SUBSEQUENT SHAREHOLDER APPROVAL AND WILL COMPLY WITH ALL APPLICABLE PROVISIONS UNDER NEW CHAPTER 17 OF THE LISTING RULES. In addition, the Company will apply to the Listing Committee of the Exchange to approve the listing and sale of Class B shares issued under the 2024 Share Plan with an amount not exceeding 10% of the issued shares. The primary purpose of the 2024 Share Plan and the Restricted Share Unit Scheme is to provide eligible participants with the opportunity to gain proprietary rights in the company and to encourage them to enhance the value of the company and its shares for the overall benefit of the company and its shareholders. Shareholders will vote on the matter at the 2024 Annual General Meeting.