Summary by Moomoo AI
LI NING CO., LTD. ANNOUNCED THAT TWO PROPOSALS WILL BE MADE AT THE EXTRAORDINARY GENERAL MEETING, NAMELY THE ADOPTION OF THE STOCK OPTION PLAN 2024 AND THE SHARE AWARD SCHEME FOR 2024. Both programs are designed to reward employees who contribute to the company and attract and retain excellent talent. The 2024 Share Option Plan will replace the 2014 Share Option Plan, which will expire on 30 May 2024, and the 2024 Share Award Scheme involves the issuance of new shares. The implementation of both plans is subject to the approval of the shareholders at the Extraordinary General Meeting and the approval of the Listing Committee of the Exchange for the listing and sale of new shares. The Company will send to shareholders a circular containing details of the plan and notice of the special general meeting in due course. Shareholders and potential investors should exercise caution and pay attention to the trading and sale of relevant shares.