Summary by Futu AI
Genting New Bright-B (Genting New Bright) announced on October 2, 2024, that it had granted 240,000 stock options to one grantee under the stock option plan following the initial public offering, with an exercise price of HK$27.35 per share, the same as the market price on that day. The stock options vest annually over a four-year period starting from May 1, 2024, with no additional performance targets. On the same day, the company also granted 498,000 rewards to 40 reward grantees under the pre-IPO employee share option scheme, with no purchase price, also vesting over a four-year period. These rewards are also without performance targets, aimed at attracting, retaining, motivating, and rewarding employees in alignment with the company's interests. Should the grantees terminate employment or violate company rules, the relevant stock options and rewards will be forfeited.