Summary by Moomoo AI
Song Pharmaceuticals Limited granted a total of 6,300,000 share options to 39 participants on 3 January 2024. The share option plan was adopted on 6 June 2019. Among them, the Executive Director, Chairman of the Board, Chief Executive Officer and Major Shareholder Dr. Wu Jinzi and Executive Director, Senior Vice President and Major Shareholder Ms. Ho Jingshima were each granted 1,000,000 share options. The exercise price of the share option is HK$1.448 per share for a period of 10 years and is not accompanied by any performance targets. The vesting period of the share rights will be divided in five phases, from 2025 to 2029 on an annual basis. ALL SHARE OPTIONS ARE SUBJECT TO THE REVOCATION MECHANISM OF THE SHARE OPTION SCHEME AND THE GROUP WILL NOT PROVIDE ANY FINANCIAL SUPPORT TO FACILITATE THE SHARE OPTION SCHEME. The license has been approved by an independent non-executive director.