Summary by Futu AI
On July 1, 2024, Meitu announced the granting of a total of 368,837 share incentives to employees under its stock incentive plan, which accounts for approximately 0.008% of the total issued shares. These incentive shares will be granted at zero purchase price and will be attributable to employees on average within 24 months after the grant. This move aims to align the interests of employees with those of the company, and to recognize employee contributions as well as attract and retain talents. The board of directors believes that this move is in line with the company's current situation and development, and is consistent with the objectives of the stock incentive plan. After the grant, there are still 453,140,771 shares available for future grants under the stock incentive plan. This share incentive grant is not accompanied by any performance targets, and unattributed incentives will be automatically invalidated if the grantee no longer works for the company or encounters financial problems.