NEWBORNTOWN announced on December 23, 2024, that according to the NBT restricted share unit plan, 25,172,052 shares of reward stocks will be granted to 26 employee participants without any payment required. The closing price of the reward shares on the grant date is HKD 3.85 per share. The rewards will vest in four equal batches, with the first batch vesting on December 23, 2025, followed by the second batch vesting on July 20, 2026, and the subsequent two batches vesting on the first and second anniversaries of the second batch vesting date.The purpose of granting rewards is to acknowledge the past contributions of the grantees and retain talent, aligning the interests of the grantees with the company, group, and Shareholder interests, thereby motivating long-term growth. The company...Show More

NEWBORNTOWN announced on December 23, 2024, that according to the NBT restricted share unit plan, 25,172,052 shares of reward stocks will be granted to 26 employee participants without any payment required. The closing price of the reward shares on the grant date is HKD 3.85 per share. The rewards will vest in four equal batches, with the first batch vesting on December 23, 2025, followed by the second batch vesting on July 20, 2026, and the subsequent two batches vesting on the first and second anniversaries of the second batch vesting date.The purpose of granting rewards is to acknowledge the past contributions of the grantees and retain talent, aligning the interests of the grantees with the company, group, and Shareholder interests, thereby motivating long-term growth. The company has a clawback mechanism, and the Board of Directors may decide to claw back rewards when specific events occur. Such events include the dismissal of the grantee due to serious misconduct and significant restatement of the company's financial statements.According to the listing rules, the NBT restricted share unit plan constitutes a share scheme funded through the issuance of new shares. The cap for the plan is 119,121,600 shares, accounting for approximately 8.44% of the company's issued shares. Among these, the maximum reward limit that can be granted to service providers is 11,912,160 shares, accounting for approximately 0.84% of the issued shares.