Summary by Moomoo AI
XD Inc. (XD Inc.) on May 7, 2024 announced the adoption of the 2024 Restricted Share Unit Program, which aims to recognize their contributions and encourage them to drive the continued operation and development of the company by giving employees and directors the opportunity to gain ownership of the company. The program will be administered by the Board of Directors and appoint trustees to purchase existing shares on the market for rewards. The bonus limit for the program is 3% of the issued shares, i.e. 14,417,517 shares. The awards will be subject to a number of conditions, including insider disclosure requirements, performance announcement time limits and listing rules. The purpose of this program is to attract and retain talent and align with shareholders' interests.