Summary by Futu AI
Wuxi Pharmaceutical Ming Kand announced on 29 April 2024 that it will implement the H Share Award and Trust Scheme. The program aims to attract, motivate and retain technically skilled and experienced talent, aligned with shareholders' interests through bonus opportunities related to the company's equity. The scheme will be held by the Hong Kong Central Securities Trust Limited, as trustee, to purchase H-shares through in-market transactions using no more than HK$20 billion of capital. The award conditions for the program include the company's realized sales revenue of RMB383 billion or more in 2024. If the basic award conditions are met, rewards will be awarded to selected participants using half of the program cap; if the basic award conditions and additional...Show More