Summary by Futu AI
On August 1, 2024, Beisen Holdings announced that a total of 2,550,000 restricted share units were granted to 79 employee participants under the equity incentive plan, with a closing price of HKD 3.75 per share. The restricted share units will vest within one to four years from the grant date and will be subject to performance goals and other requirements. The grant aims to motivate employees to contribute to the group's long-term growth and profitability and align their interests with the overall best interests of the company and shareholders. After the grant, the company will have 36,899,476 shares available for further awards. The board of directors stated that this move is in line with the purpose of the equity incentive plan, which aims to strengthen employees' commitment to long-term service to the group.