Summary by Moomoo AI
China Transport Construction Co., Ltd. announced on January 26, 2024 that under the 2022 Incentive Program, it will grant to 134 middle management personnel and core staff of 1,670 million shares of restricted stock at RMB5.06 per share. The restricted shares granted by this reserve account for 0.14% of the total ordinary shares of Company A shares and will raise the total amount of funds raised to RMB8,450,000. The restricted shares granted will be waived in three batches and subject to performance review requirements. The incentive plan is valid for no more than 72 months, and the impact of the reserved restricted shares on the company's financial condition will be gradually reflected over the coming years.