Zhitong Finance App News, Hongxin Construction and Development (09930) announced that on March 12, 2024, the board of directors resolved and approved the adoption of a restricted share award scheme and recommended the adoption of a share option plan. The directors believe that the Group's continued success is closely linked to the commitment and effort of employees. Adopting a restricted share award scheme and recommending adoption of a share option scheme can be used as an incentive to encourage employees to make more contributions to the Group.
With the approval of the board of directors, the restricted shares granted under the restricted share award scheme shall not exceed 3.5% of the total number of shares issued by the company on the day the restricted share award scheme is approved and adopted by the board of directors, or approximately 111.9 million shares. On March 12, 2024, the board of directors approved the grant of no more than 55951.77 million restricted shares during the 2024 fiscal year, and the grant of options that can be exercised as no more than 239.7933 million shares.