Summary by Futu AI
IGG announced on 10 April 2024 that under the Share Award Scheme, a total of 965,600 bonus shares were granted without payment to 35 share award grantees, including Mr. Zheng Deyang. The award shares represent approximately 0.08% of the issued share capital of the Company and a total value of approximately HK$316 million at the closing price on the day. Mr. CHENG Deyang is the principal shareholder of the subsidiary and the remaining 34 underwriters are employees of the company. The bonus shares will be allocated 50% in two batches on 10 April 2025 and 2026. This award of bonus shares was acquired by the Trustee on the public market and does not involve the issuance of new shares and has no dilutive effect on existing shareholders' holdings.