On July 29th, Guolonghui announced that Zhe Li Holdings (02209.HK) will grant a total of 65,000 shares of the company's common stock with the right to subscribe for up to 650,000 shares of common stock at an exercise price of HK$49.4 per share-based on the first-time public offering stock purchase plan-to a total of 5 selected assignees on July 29, 2024.
Issuing stock purchase warrants aims to (i) provide investment opportunities for stock purchase warrant assignees to retain, encourage and reward their sustained investment and contribution to the sustainable development of the Group, and (ii) encourage stock purchase warrant assignees to strive to enhance the long-term value of the Company and its shares.