Summary by Moomoo AI
NAGACORP announced on December 27, 2024, that due to changes in the company's situation and the passage of time, the Board of Directors decided not to proceed with the previously proposed initial grant of stock incentives. The maximum of 10,226,667 incentive shares for preliminary related grants and the maximum of 9,000,000 incentive shares for preliminary non-related grants will become invalid.At the same time, the Board of Directors believes that the stock incentive plan no longer aligns with the company's objectives and has decided to terminate the plan immediately. The company stated that after reviewing and updating its employee retention and incentive strategy, it may consider implementing a new employee Stock-based Incentive plan in the future.Previously, due to the negative impact of the COVID-19 pandemic on group Business, the company had repeatedly postponed the initial grant to the 2024 fiscal year. Now, the Board of Directors has ultimately decided not to proceed with the initial grant and to terminate the entire stock incentive plan.
