Summary by Moomoo AI
Bai Rong Yunchong (Bai Rongyun) announced on 7 February 2024 that it has granted 10,588,500 share options to the Group's employees (excluding senior management and directors) under the 2021 Employee Share Plan, representing approximately 2.48% of the total number of Class B shares issued. The exercise price of the common stock option is HK$11.432 per share, based on the closing price of HK$11.16 on the date of the authorization, the average closing price of HK$11.432 for the first five business days and the par value of the shares at $0.00002. The exercise of the right to purchase shares will be effective upon acceptance by the grantor.