Summary by Moomoo AI
Yixin Group (stock code: 2858) announced on 9 May 2024 that the Board of Directors resolved to adopt the 2024 share plan and terminate the first share award scheme. The scheme is designed to reflect the latest changes and requirements of Chapter 17 of the Listing Rules and will provide funding through the issuance of new shares. The adoption of the 2024 share plan is subject to shareholder approval at the General Meeting and a conditional grant of 127,000,000 share options has been proposed to the Chairman of the Board of Directors, Mr. Zhang Su-An, and Mr. Jiang Dong, Executive Director. In addition, the Company also proposes to grant a total of 123,000,000 share options to four non-director employees. The exercise price of the share option is HK$0.70 per share and has a four-year allotment period. The Company will hold an Extraordinary General Meeting to consider and approve the relevant proposals.
