Summary by Moomoo AI
Medical Technology announced on March 27, 2024 that it has granted a total of 3,861,700 share bonus shares to 12 award grantees under the Initial Public Offering Share Award Scheme. The award of the bonus shares is intended to motivate employees and executive directors to make long-term contributions to the company and is linked to the company's performance objectives. Of these, Ms. MIYing-ying, Executive Director, was granted 1,000,000 shares of bonus shares. The allotment periods for the bonus shares are from 1 January 2025 to 1 January 2028, 1 January 2026 to 1 January 2028 and 31 March 2024 to 1 April 2027, respectively, subject to the achievement of performance targets. Following this grant, the Company has 98,612,108 shares of common stock available for future awards. The reward scheme helps to increase the value of the company and its shares and does not require shareholder approval.