Summary by Moomoo AI
China Foreign Shipping announced on March 28, 2024 that the results of the first exercise of the Company's Stock Option Incentive Program (Phase I), a total of 21,017,064 share options were exercised by 173 incentive holders. The shares of this subordinated share are derived from the Company's stock of A ordinary shares repurchased from the Tier II market. The total number of shares of the Company's unlimited sale conditions after the exercise has not changed. The share transfer registration procedure was completed on March 27, 2024 with a total of $79,129,307. This option does not involve the issuance of new shares and will not have a significant impact on the Company's recent financial condition and operating results. The members of the Company's Board of Directors include Wang Xiufeng (Chairman), Song Rong (Executive Director), etc., and the announcement was issued by the Company Secretary, Li Shiyan.
