In April 2024, Hirschia announced the 2024 H-Share Core Employee Share Plan (Draft), which aims to incentivize employees to innovate and advance the company's IoT smart home eco-branding strategy through the Employee Equity Program. The programme is open to company directors (excluding independent directors), senior management and core technical (business) personnel with a participation of no more than 30 people. The planned funds will come from an incentive fund raised by the company, amounting to USD 6850 million, and will purchase H shares on the Tier II market through Hongkong Pass. The duration of the plan is not more than 60 months, and the lock-in period of the shares is 12 months. The shares of the Employee Share Plan will be assigned...Show More

In April 2024, Hirschia announced the 2024 H-Share Core Employee Share Plan (Draft), which aims to incentivize employees to innovate and advance the company's IoT smart home eco-branding strategy through the Employee Equity Program. The programme is open to company directors (excluding independent directors), senior management and core technical (business) personnel with a participation of no more than 30 people. The planned funds will come from an incentive fund raised by the company, amounting to USD 6850 million, and will purchase H shares on the Tier II market through Hongkong Pass. The duration of the plan is not more than 60 months, and the lock-in period of the shares is 12 months. The shares of the Employee Share Plan will be assigned to the holders in two stages after evaluation according to the company's performance review mechanism, at 40% and 60%, respectively. In addition, the plan explicitly states that holders waive rights such as voting rights such as indirect shares of the company due to participation in the scheme, reserving only the right to share dividends, investment income, etc. The implementation of the plan will not result in the distribution of shares in the company not meeting the requirements of the listing conditions.