Summary by Futu AI
KEYEK FINANCIAL INTERNATIONAL (HOLDINGS) LIMITED (THE “COMPANY”) ANNOUNCES THAT IT WILL TERMINATE ON 30 APRIL 2024 ITS SHARE AWARD SCHEME ADOPTED ON 14 SEPTEMBER 2018. The Company states that the termination of the program is not expected to adversely affect its business and operations. As of the date of the announcement, the Company has not awarded any rewards under the Scheme and is not expected to award them prior to the expiration of the Program. The decision to terminate the program is aimed at reducing administrative costs and improving the company's cash flow. Under the Trust Agreement, the non-cash proceeds in the Trust Fund will be sold within 20 business days after notice of termination, and the net proceeds, remaining cash and other...Show More