UBTECH (09880) has announced that the board of directors of the company passed a resolution at the board meeting held on July 31, 2024 to propose the adoption of the H-share incentive plan. The H-share incentive plan will take effect after being reviewed and approved by the shareholders at an extraordinary general meeting.
The announcement stated that the H-share incentive plan aims to: promote the company's long-term sustainable development and achieve performance goals; closely link the incentive objects with the interests of shareholders, investors and the company, enhance the cohesion of the company, and promote the maximization of the company's value; and improve the company's incentive mechanism, attract, motivate and retain directors, supervisors, executives and employees who can make strong contributions to the company's sustained operation, development and long-term growth.