Summary by Moomoo AI
On July 1, 2024, Semiconductor Manufacturing International Corporation announced that 47,008 restricted stock units were granted to independent non-executive director Dr. Fan Renda as part of the 2024 stock incentive plan. Each unit represents the right to receive one share of Hong Kong stock on the vesting date and will vest in full on January 1, 2025. The grant price for the restricted stock units is HKD 0.031 per unit, and the closing price on the previous trading day before the grant date was HKD 17.12 per share. This grant is part of Dr. Fan's compensation, aiming to recognize his contribution to the company and motivate his future efforts. The restricted stock units issued account for approximately 0.0006% of the company's outstanding shares and have been approved by the Remuneration Committee and independent non-executive directors. After the grant, the total number of newly granted Hong Kong shares under the 2024 stock incentive plan and other share plans shall not exceed 596,812,206 shares.