Summary by Futu AI
CHINA YOUZAN announced on December 20, 2024, the revision of the stock incentive plan and the new stock option plan terms, allowing the company to use treasury shares to pay for incentive shares and stock options. This move aims to comply with the new treasury share system under GEM listing rules and enhance the flexibility of plan management.The Board of Directors passed a resolution allowing the company, at its discretion, to use treasury shares to pay for the share incentives awarded under the stock incentive plan and stock options awarded under the stock option plan. Other than this revision and some minor adjustments, the other terms of the two plans remain unchanged.The Board of Directors believes that these revisions will align the plans with the new listing rule requirements while providing greater flexibility in managing the stock incentive and stock option plans. The purpose of these plans is to reward and retain qualified individuals who contribute to the group's development and attract suitable talent.
