Summary by Moomoo AI
Vitasoy Int'l announced on June 26, 2024 that 5,244,000 stock options were granted to 43 eligible participants and 3,113,783 restricted share units were granted to 44 eligible participants under the 2022 Stock Option Plan and the 2021 Share Incentive Plan. The exercise price of the stock options is HKD 6.352 per share, with a ten-year exercise period from June 26, 2025 to June 25, 2034, and a four-year vesting period. The restricted share units do not require a purchase price and also have a four-year vesting period. The authorization is intended to reward employees for their past performance and link it to the long-term success of the company. Mr. Bosco Lai, Executive Director and Group CEO, was granted 1,598,000 stock options, while Mr. Roy Law, Executive Chairman, was granted 785,440 restricted share units. All grants have been reviewed and approved by independent non-executive directors and do not exceed the limits set by the listing rules.