Summary by Futu AI
On September 2, 2024, SITC Holdings Limited (SITC) granted a total of 7,582,548 shares to 667 qualified participants to motivate employees and promote the development of the group's business. The share incentive plan does not set performance targets and aims to align the interests of employees with the company, enhance productivity, and encourage long-term contribution. The granted share incentives include 800,000 shares for Executive Director Yang Xianxiang, 600,000 shares for Xue Mingyuan, 350,000 shares for Liu Kecheng, 400,000 shares for Lai Zhiyong, as well as other employees and associated entities. The granting of share incentives complies with listing rules and does not provide financial assistance to the recipients for the purchase of shares. This move helps strengthen employee loyalty to the company and their contribution to long-term growth.