Summary by Moomoo AI
ZTE YU Technology Group Co., Ltd. (“ZTE YU”) announced on 24 April 2024 that under the Share Option Plan adopted on 20 September 2019, it has granted a total of 80,000,000 share options to eligible underwriters. Each share is authorized to subscribe for one ordinary share with a value of USD 0.0001 at an exercise price of HK$1.50 per share.。 The action aims to motivate and reward employees and align their interests with those of the company and shareholders. The exercise period of the share option is 24 April 2027. Among them, Chairman and Chief Executive Officer Mr. Xiao Kin and Vice Chairman, Mr. Han-Di Sin, were each granted 2,750,000 share options, both of which are major shareholders of the Company. Other directors and independent non-executive directors were also granted a total of 7,300,000 shares. Following this authorization, the Company has 98,251,000 shares remaining for future issuance. The exercise of the entire share option will result in a dilution of approximately 2.9% to the Company's existing share capital upon issuance.