Summary by Moomoo AI
GCL Technology Holdings Limited (GCL Technology) announced on April 30, 2024 that its Board of Directors has decided to revise the Share Award Scheme, which will take effect on the same date. The amendment includes the deletion of the provisions of the original plan relating to the issuance and distribution of new shares. Future bonus shares will include only existing shares purchased by the market and no new shares will be issued. The Company notes that this amendment is not subject to shareholder approval and will not have a retroactive effect on the awards granted, nor will it adversely affect the continuing rights of any grantor. The members of the Board of Directors include Zhu Guishan (Chairman), Zhu Yufeng, Zhu Zhangjun, Lan Tianshi, Sun Wei, Yang Wenzhong, as well as Independent Non-Executive Directors He Zhongtai, Ye Di-Qian, Shen Wenzhong.
