Summary by Moomoo AI
Quickie Technologies announced on April 21, 2024 that it has granted a total of 56,763,418 restricted shares to certain eligible employees under the 2023 Share Incentive Scheme. The award is intended to align employees' interests with those of the company through equity ownership and to encourage employees to contribute to the long-term development of the company. The restricted shares granted will be implemented in the light of later achievement of performance targets, where senior management targets are based on metrics such as company performance. The Board also has conditions under which the Company may recover or withhold shares in the event that employees breach confidentiality obligations or damage the company's reputation. In addition, 356,212,869 shares remain available for future issuance under the plan. The members of the Board of Directors include Executive Directors Chai Chiu and Shukuhua, Non-Executive Director Li Chaohui, and others.