China New Consumer Group (08275) issued an announcement. The board of directors is pleased to announce that on February 21, 2024, the board of directors resolved to adopt a new share purchase plan for shareholders to approve at the special shareholders' meeting to be held by the company.
As the amendments to Chapter 23 of the GEM Listing Rules came into effect on January 1, 2023, the directors believe that adopting a new share option plan valid for 10 years from the date of adoption would allow the company to be more flexible in its long-term planning to grant share options to eligible participants, while also providing appropriate rewards or rewards to suitable and eligible persons who have contributed or may have contributed to the Group.
The purpose of the new share option program is to allow companies to grant share options to selected eligible participants as a reward and/or reward for their contributions to or are likely to have contributed to the company. The new share option scheme does not involve the granting of share awards. The new share option plan shall be managed by the board of directors, and its decisions on all matters relating to the new share option plan or its interpretation or effect (unless otherwise specified in the new share option plan and if there are no obvious errors) are final and binding on all persons who may be affected by it.