Summary by Moomoo AI
HE HUANG PHARMACEUTICALS (CHINA) CO., LTD. ANNOUNCED ON 13 MARCH 2024 THAT IT HAS AWARDED PERFORMANCE RELATED AUTHORIZATION AND NON-PERFORMANCE RELATED LONG-TERM BONUS SCHEME AWARDS TO EXECUTIVE DIRECTOR DR. SU JIU-KUO UNDER THE 2015 WARRANT AND LONG-TERM INCENTIVE PLAN. The number of warrants granted under the Share Option Scheme is 1,359,561 shares of ordinary shares at an exercise price of HK$28.35 per share and has performance targets. Non-performance-related long-term incentive plan rewards are a $500,000 cash payment used to purchase company shares. The move is aimed at attracting and retaining top talent and has been approved by an independent non-executive director. Wah Wong Pharmaceuticals is a biopharmaceutical company focused on the treatment of cancer and immune diseases. Three drugs have been approved in China, including one in the United States.