Summary by Moomoo AI
BEIJING JINGCHENG ELECTRIC CO., LTD. (“JINGCHENG ELECTRICS”) ON 14 NOVEMBER 2023 FOR THE FIRST TIME GRANTED 540 MILLION SHARES OF RESTRICTED SHARES TO 115 INCENTIVES AT A PRICE OF RMB7.33 PER SHARE. The restricted stock is derived from the Company's issued A-share ordinary shares. During the payment validation process, 12 incentives gave up 48 million shares, so the actual number granted remained at 540 million shares. The grant resulted in the number of reserved shares being adjusted from 147 million shares to 135 million shares, and the total grant volume was adjusted from 735 million shares to 675 million shares. Restricted shares are valid for 24 months and have three expiry periods. The Company has received a total subscription fee of RMB39,582,000 paid by the Incentive. UPON COMPLETION OF THIS GRANT, THE...Show More