Summary by Moomoo AI
POP MART ANNOUNCED ON 26 APRIL 2024 THAT UNDER THE INITIAL PUBLIC OFFERING SHARE AWARD SCHEME, A TOTAL OF 164,659 BONUS SHARES WILL BE AWARDED TO THE GROUP'S EMPLOYEES IN ORDER TO REWARD EMPLOYEES' PAST PERFORMANCE AND CONTRIBUTIONS TO THE COMPANY. The bonus shares will be distributed in batches for the second to fourth year period after the grant date and are subject to the grantor's performance evaluation. The bonus shares granted will be held by the Trustee Hang Tai Trust (Hong Kong) Limited and no new shares will therefore be issued. The Board of Directors noted that the award of the award is intended to align employees' interests with those of the company and to encourage employees to contribute to the long-term growth of the company. Under the Listing Rules, such grants are not subject to shareholder approval and no directors, top executives or major shareholders are granted.