Techtronic Ind announced on August 19, 2024 that it has granted 400,000 stock options and 800,000 shares of incentive shares to the CEO, Mr. Steven Philip Richman. The exercise price of the stock options is HKD 103.40 per share, the same as the closing price on the day, and the exercise period is until August 18, 2034. The incentive shares will be vested based on performance standards over a certain period of time. The grant aims to recognize Mr. Richman's contributions to the company and align his interests with the company's. The issuance of incentive shares and stock options has been approved by the company's independent non-executive directors and will not dilute the rights of existing shareholders. The company emphasizes that the issuance of incentive shares and stock options is in line with the company's long-term interests in operation and development.

Techtronic Ind announced on August 19, 2024 that it has granted 400,000 stock options and 800,000 shares of incentive shares to the CEO, Mr. Steven Philip Richman. The exercise price of the stock options is HKD 103.40 per share, the same as the closing price on the day, and the exercise period is until August 18, 2034. The incentive shares will be vested based on performance standards over a certain period of time. The grant aims to recognize Mr. Richman's contributions to the company and align his interests with the company's. The issuance of incentive shares and stock options has been approved by the company's independent non-executive directors and will not dilute the rights of existing shareholders. The company emphasizes that the issuance of incentive shares and stock options is in line with the company's long-term interests in operation and development.