Summary by Moomoo AI
POP MART ANNOUNCED ON MARCH 21, 2024 THAT UNDER THE INITIAL PUBLIC OFFERING SHARE AWARD SCHEME, IT WILL AWARD A TOTAL OF 408,194 BONUS SHARES TO 12 EMPLOYEES TO REWARD THEIR PAST PERFORMANCE AND CONTRIBUTIONS TO THE COMPANY. The bonus shares will be distributed in batches from January 15, 2024 and will be completed within four years. The bonus shares granted will be held by the Trustee Hang Tai Trust (Hong Kong) Limited and no new shares will be issued. The Board stated that this move aims to align employees' interests with those of the company and encourage them to contribute to the long-term growth and profitability of the company. The issued bonus shares had a closing price of HK$28.65 per share on the date of issue. According to company policy, the time for awarding rewards is concentrated in a specific month of the fiscal year, and awards are not subject to shareholder approval.
