Summary by Futu AI
Cowell Electronics announced on September 20, 2024, that it awarded a total of 13,620,000 shares of incentive stock to 123 employees under its stock incentive plan, to recognize their contributions to the company and motivate them to achieve long-term business goals. These incentive shares will vest in stages over one to five years after the grant date based on employees' performance targets and assessment results. The trustee of the stock incentive plan will use company funds to purchase these shares from the secondary market. Post-award, the number of shares available for future grants under the plan is 71,692,480 shares. The company's board members include executive directors Mr. Meng Yan and Mr. Wu Yingzheng, non-executive directors Mr. Chen Hanyang and Mr. Yang Li, as well as independent non-executive directors Ms. Su Yanxue, Mr. Cai Zhenlong, and Ms. Liu Xia.