Summary by Futu AI
On July 2, 2024, COSCO Shipping Holdings announced that the results of the second quarter of 2024 for the stock option incentive plan had been completed and a total of 3,019,148 stock options had been exercised. The exercised stocks were listed and traded on the second trading day after the exercise date. The incentive targets of this exercise include company directors and senior management, and the exercise stocks are sourced from private placement of RMB A-share common stocks to the incentive targets by the company. In addition, the company has adjusted the exercise price for initial and reserved option grants and cancelled the options for incentive targets who no longer meet the incentive conditions. The company stated that the funds raised by this exercise will be used to supplement working capital and will not have a significant impact on the company's financial position and operating results.