Summary by Futu AI
BEIJING JINGFENG CLEAN ENERGY POWER CO., LTD. (“JINGFENG CLEAN ENERGY”) ANNOUNCED ON 28 MAY 2024 THAT THE BOARD OF DIRECTORS HAS APPROVED AN INITIAL RESERVE GRANT OF 8,886,931 SHARES TO 14 INCENTIVES, INCLUDING THE NEW GENERAL MANAGER, MR. LEE MING FAI, UNDER THE H-SHARE VALUATION PLAN. The grant represents 43.11% of the total number of value-added rights granted to the shares and 0.11% of the total number of shares issued by the Company. The bank option is priced at RMB 1.85 with three options available. The scheme aims to attract and retain senior management and professional talent and will be settled in cash, not involving the issuance of new shares or other new securities.