Summary by Moomoo AI
Beep Mile Corporation announced on March 28, 2024 that it has granted a total of 2,425,124 restricted shares to 119 employees under the 2018 Share Incentive Program, representing approximately 0.59% of the total number of shares issued. The award is not accompanied by additional performance targets or compensation mechanisms and is intended to increase employees' loyalty to the company and motivate their efforts to enhance the value of the company. The restricted share units granted will be vested from March 31, 2025 to 2030 and will not result in any individual grantor or related entity participants receiving an entitlement exceeding 1% or 0.1% of the issued shares within 12 months. This grant is not subject to shareholder approval and no directors or major shareholders are involved. Once granted, the Company will still be able to award further rewards under the 2018 Share Incentive Program.