Summary by Futu AI
TELECOMMUNICATIONS INC., LTD. ANNOUNCED ON MAY 30, 2024 THAT IT HAS AWARDED A TOTAL OF 1,012,798 SHARE AWARDS TO GROUP EMPLOYEES UNDER THE COMPANY'S SHARE AWARD SCHEME. The rewards program starts on November 15, 2022, and no purchase price is set. The closing price of the shares was HK$4.19 per share on the date of issue. The allotment period of the bonus shares will vary from 2024 to 2028, and will be allocated in four phases. Awarded employees must meet certain conditions, including remaining employees of the Group on the date of affiliation and without serious violations. This award is based on employees' contributions to the Group and the Group's performance, without setting specific performance targets. The members of the Board include Executive Director Li Zekai (Chairman), etc., and independent non-executive director Ma Yawen, etc.