Summary by Moomoo AI
In the first quarter of 2024, Ming Kund implemented the first grant of equity option autonomy under the 2019 Restricted Stock and Stock Option Incentive Program. A total of 311 incentive participants participated, of which 225,894 share options were successfully registered, representing 13.36% of the total number of options available this time. As of March 31, 2024, the number of stock options accrued and completed share overdraft registration was 1,466,331 shares, representing 86.72% of the total exercisable amount at this time. The authorized shares arrive in the stock account on the first trading day after the exercise date and are listed on the second trading day. This equity raising of RMB8,724,026.28 will be used to supplement the Company's liquidity. This exercise does not have a significant impact on the financial condition and operating results of the Company. The Board of Directors issued a notice on 2 April 2024.