Glonghui reported on December 19 that Aokang Co., Ltd. (02519.HK) announced that on December 19, 2024, the Board of Directors resolved to recommend adopting the 2025 H-share reward REITs plan. The H-share reward REITs plan will take effect after approval by shareholders at the company's forthcoming extraordinary general meeting.
The H-share reward REITs plan aims to (1) attract, motivate, and retain skilled and experienced personnel by providing employees with reward opportunities related to company equity, thereby more directly linking to the performance of the company's stock market, and working towards the group's future development and expansion; (2) advance the company's compensation policy to keep pace with the times, better align with shareholder interests, and seek a balanced approach between operation and executive management supervision; and (3) (i) affirm the contribution of the company's robust management team (including Directors); (ii) encourage, motivate, and retain company management to make favorable joint contributions to the group's continuous operation, development, and long-term performance growth; and (iii) introduce other rewards for company management to align their interests with those of the shareholders and the overall group.
