Summary by Futu AI
Akiko City Technology announced on 21 May 2024 that it has granted a total of 659,668 restricted share units to 4 grantees under the Employee Restricted Share Unit Scheme. This unit represents approximately 0.06% of the Company's issued share capital and does not lead to dilution of existing shareholders' holdings. The restricted shares granted will belong to the grantor within three and a half years and have no associated persons. The market value is approximately HK$2.53 million to HK$2.59 million, depending on the average closing price for the first five business days issued or the issued closing price on the same day. The Board considers that this action is fair and reasonable and in the overall interests of the company and its shareholders.