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UBTECH Robotics Corp. announced its plan to adopt the incentive scheme for its H shares.
UBTECH (09880) announced that its board of directors recommended the adoption of an H-share incentive plan at the board meeting held on July 31, 2024. The H-share incentive plan will take effect after being reviewed and approved by shareholders at the extraordinary general meeting. The plan aims to promote the company's long-term sustainable development and achieve performance targets, align the interests of incentive recipients with shareholders, investors, and the company, enhance the company's cohesion, and promote the maximization of the company's value; and improve the company's incentive mechanism to attract, motivate, and retain directors who make significant contributions to the company's continuous operation, development, and long-term growth.
UBTECH (09880.HK) plans to issue 1.42 million new H-shares, with a total contract value of 0.131 billion Hong Kong dollars.
On August 1st, Gelunhui announced that UBTECH (09880.HK) has entered into a placement agreement with placement agents (Guotai Junan International and TradeGo Markets) on August 1, 2024. Under this agreement, the placement agents have agreed to use their best efforts individually (but not jointly or jointly and individually) as agents of the company, to induce subscribers to subscribe for a total of 1.42 million new H shares at a placement price of HKD 92.00 per H share, in accordance with the provisions of the placement agreement and within the limits of its terms. The placement shares account for approximately 0.34% of the company's issued share capital as of the date of this announcement, as well as the issued shares and the placement.
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UBTECH ROBOTICS Launches New Incentive Scheme
UBTECH (09880) plans to adopt a H-share incentive plan.
UBTECH (09880) has announced that the board of directors of the company held a board meeting on July 31, 2024...
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