Summary by Moomoo AI
KAND Pharmaceuticals announced that under the 2019 A Share Incentive Scheme, the special restricted A shares have been lifted and will commence public circulation on March 7, 2024. The incentive program was approved in 2019 and granted limited A shares for the first time on November 25 of the same year. After several consecutive years of delisting, the fourth batch of Restricted A Shares will enter the final delisting period on March 1, 2024, representing 40% of the shares granted to the Incentive. The number of shares outstanding for this delisting is 83,629 shares, after adjusting the 2019 and 2020 profit distribution plans. Fanta Law Firm, China Legal Advisors of Pharmaceutical Ming Kand, confirmed that the removal of the sales restriction complies with the relevant laws and incentive schemes.