Qidian International Co., Ltd. (HK:1280) has released an update.
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Qidian International Co., Ltd. has granted over 10 million new shares under its Share Award Scheme on May 27, 2024, aimed at incentivizing directors, employees, and service providers, including a significant allotment to Mr. Sun for his expertise in the alcoholic beverage industry. These shares, representing 1.30% of the total issued shares, come with various vesting periods and are contingent on continued service without any performance targets or cost to the grantees. The company has implemented a clawback mechanism to safeguard against misconduct by the grantees.
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