Summary by Moomoo AI
Micro-Chung Medical Sciences Limited granted a total of 11,648,808 share options to 46 eligible participants on 8 April 2024, which are exercisable for a period of 10 years to subscribe for the same number of ordinary shares representing approximately 0.635% of the Company's issued share capital. The exercise price of the warrants granted is HK$6.58 per share, the same as the closing price on the date of the grant. The share program aims to motivate employees and service providers to promote the development and success of the company's business. In this case, a director's family member, as a service provider participant, receives a full exemption from share rights in compliance with the relevant provisions of the Listing Rules. In addition, under the existing plan authorization limits, the Company still has 152,541,595 shares of common stock available for future issuance. Micro-Chao Medical said the move helps attract and retain talent who make an important contribution to the company's long-term growth.