Zhitong Finance App News, Goyang Technology (00818) issued an announcement. On May 20, 2024, the board of directors and shareholders of Goyang Global Technology (an indirect non-wholly-owned subsidiary of the company) decided to adopt the Goyang Global Technology equity incentive plan.

According to Goyang Global Technology's equity incentive plan, Goyang Global Technology will grant share options to program participants. Share options will be vested and exercisable after reaching the intended financial targets within the performance period.

On the date of this announcement, the company indirectly owned approximately 50.91% of Goyang Global Technology's shares. If all share options are owned and exercised and all share options are subscribed, Goyang Global Technology will no longer be a subsidiary of the company as the company's interest in Goyang Global Technology will be reduced to 40% (assuming no repurchase) or about 42.75% (assuming 30% of the share options are repurchased).