On July 16th, 2024, Tsingtao Brewery announced that the first round of restricted stock awards under its A-share restricted stock incentive plan had met the conditions for the third release period. A total of 595 incentive objects meet the release conditions, involving 4,235,863 restricted stocks, accounting for 0.31% of the company's total share capital. The incentive plan aims to reward the company's executive directors, senior management, and core employees, and was authorized by the shareholders' meeting in 2020. The company has completed the relevant approval procedures and information disclosure, and will issue another announcement before the listing after completing the application procedure for the release. The release conditions include situations where the company's financial reports are negatively evaluated or profit distribution is...Show More

On July 16th, 2024, Tsingtao Brewery announced that the first round of restricted stock awards under its A-share restricted stock incentive plan had met the conditions for the third release period. A total of 595 incentive objects meet the release conditions, involving 4,235,863 restricted stocks, accounting for 0.31% of the company's total share capital. The incentive plan aims to reward the company's executive directors, senior management, and core employees, and was authorized by the shareholders' meeting in 2020. The company has completed the relevant approval procedures and information disclosure, and will issue another announcement before the listing after completing the application procedure for the release. The release conditions include situations where the company's financial reports are negatively evaluated or profit distribution is not carried out in accordance with regulations, and where the incentive objects are not recognized as suitable candidates or have been punished for illegal activities. The performance assessment targets for the company in 2022 have been achieved, including indicators such as net asset return rate, net income growth rate, and the proportion of main business income.