Summary by Moomoo AI
Bairong Yun announced on October 8, 2024, that according to the 2024 share plan, 1,168,500 stock options were granted to a group employee who is not a senior management or director, representing approximately 0.28% of the total issued Class B shares. The exercise price per stock option is HK$11.276, with vesting periods on September 22, 2026 (50%), September 22, 2027 (25%), and September 22, 2028 (25%). The granted stock options do not have performance targets attached, and unvested or unexercised awards may lapse under specific circumstances. The board of directors believes that this move will help motivate employees and align their interests with those of the company and shareholders. As of the announcement date, the future awards that can be granted are 47,934,496 against the plan limit and 4,910,299 against the service provider sublimit.
