Summary by Moomoo AI
Pop Mart announced on July 20, 2024 that under the first public offering share incentive plan, a total of 177,013 incentive shares were granted to 9 group employees as a reward for their past performance and contribution to the group. The incentive shares will be gradually attributed to the employees during the first to fourth anniversary periods after the grant date according to their performance targets. The granted incentive shares will be held by the trustee Hengtai Trust (Hong Kong) Co., Ltd., and no new shares will be issued. The board of directors pointed out that all rewards did not involve directors, top executives or major shareholders, and did not require shareholder approval. Pop Mart's move aims to align employee interests with the company and encourage employees to contribute to the company's long-term growth through shareholding.