Summary by Moomoo AI
On 28 March 2024, Brii Biosciences Limited granted a total of 5,752,500 shares to 55 licensees under the 2023 Share Option Plan and Share Award Scheme and granted a total of 821,500 restricted shares to 18 restricted share units. The action aims to mobilize employee positivity and align the interests of the company with the welfare of employees. The exercise price of the share option is HK$0.964 per share, and the issuance of restricted share units is not subject to payment of a purchase price. The vesting period for the Share Option and Restricted Share Units is four years, and will be allocated in batches by year. The move reflects the company's recognition of employees' past contributions and expectations for their future contributions, and is part of the company's remuneration policy to attract and retain key talent and encourage them to enhance the value of the company and its shares for the overall benefit of the company and its shareholders.