Summary by Futu AI
On June 26th, 2024, Vitasoy Int'l announced that a total of 5,244,000 stock options were granted to 43 eligible participants and a total of 3,113,783 restricted share units were granted to 44 eligible participants under the 2022 stock option plan and the 2021 share incentive plan. The exercise price of the stock options is HKD 6.352 per share, with a ten-year exercise period from June 26th, 2025 to June 25th, 2034, and a four-year vesting period. The restricted share units do not require a purchase price and also have a four-year vesting period. This authorization is intended to reward employees for their past performance and link with the long-term success of the company. Mr. LUK Po-tao, Executive Director and Group CEO, was granted 1,598,000 stock options, and Mr. LOU Yau-lai, Executive Chairman, was granted 785,440 restricted share units. All authorizations have been reviewed and approved by independent non-executive directors and do not exceed the limits set by listing rules.