Summary by Futu AI
On August 15, 2024, Tencent Holdings granted 953,385 share options to employee participants under the stock option plan. The share options can be exercised to subscribe for company shares at HKD 373.12 per share. The authorization does not require shareholder approval and is not granted to company directors, key executives, major shareholders or their associates. The exercise period for share options is 7 years, and the vesting period is approximately 47 months. The purpose of granting share options is to align the interests of employees with those of the company, as well as to reward and retain talents. After the grant, there are still 262,443,505 shares available for future grants under the share option plan, and 958,794 shares under the sub-quota for service providers. If the grantee is involved in improper conduct or loses eligibility, the share options will automatically become invalid.