Gelonghui, Feb. 21丨China New Consumer Group (08275.HK) announced that in accordance with the ordinary resolution passed by shareholders on September 22, 2017, the company adopted the existing share option plan. On the date of the announcement, the company had no unexercised share options under the existing share option plan, and did not intend to grant any further share options under the existing share option plan between the date of the announcement and the date of the special shareholders' meeting.

The Supervisory Authority's amendments to Chapter 23 of the GEM Listing Rules came into effect on January 1, 2023. The directors believe that adopting a new share option plan valid for 10 years from the date of adoption would allow the company to be more flexible in its long-term planning to grant share options to eligible participants, while also providing appropriate rewards or rewards to suitable and eligible persons who have contributed or may have contributed to the Group.