Summary by Moomoo AI
XD Inc. announced on July 8, 2024 that, under the share option plan adopted on June 25, 2021, it granted a total of 252,911 share options to eligible participants for subscription of the company's ordinary shares. The exercise price of the share options is HK$17.876 per share, while the closing price on the day of the grant is HK$16.80 per share. The share options have a validity period of 10 years and are immediately vested upon grant. Among them, 120,000 share options were granted to Mr. Huang Yimeng, the chairman of the board of directors, chief executive officer, and executive director of the company, who is also a major shareholder of the company. The grant aims to motivate and reward employees for their contributions to the company, and there are no attached performance targets. After the grant of the share options, the number of shares that may be issued in the future under the share option plan is 30,136,131 shares.