Summary by Moomoo AI
Yixin Group Limited ('Yixin') will hold a special shareholders' meeting on June 27, 2024 to consider the adoption of the 2024 share plan and the conditional grant of stock options pursuant to the plan. The plan aims to expand the types of stock-based incentives through share rewards and stock options, and is consistent with the revised regulations under Chapter 17 of the Listing Rules that became effective on January 1, 2023. The share plan will be proposed by the board of directors on May 9, 2024, and will be submitted as a resolution at the special shareholders' meeting. In addition, it is proposed to grant 117,000,000 stock options to Director Zhang Xu'an, 10,000,000 stock options to Executive Director Jiang Dong, and a total of 123,000,000 stock options to four employee participants. The exercise price of the stock options is HKD 0.70 per share, with a validity period of ten years. The special shareholders' meeting will not provide company gifts or refreshments to reduce close contact between attendees, and shareholders are recommended to exercise their voting rights by submitting proxy appointment forms.
