Summary by Moomoo AI
Haichang Holdings Limited announced that it will propose to adopt the 2024 share purchase plan with the aim of raising funds through the issuance of new shares, rewarding and retaining eligible employees. The plan must be approved by the shareholders' meeting and the Listing Committee of the Stock Exchange before it can take effect. The authorized quota of the plan is 10% of the total number of issued shares, and the total number of new shares granted to any eligible participant within any 12-month period shall not exceed 1%. In addition, the granting of share purchase rights to directors, key executives or major shareholders must be approved by independent non-executive directors. The 2024 share purchase plan will be valid for ten years from the adoption date and has a minimum vesting period of 12 months. The company will convene a special shareholders' meeting to review this plan, and relevant communications will be sent to shareholders in a timely manner.
