Xindong Company (02400) announced that on May 7, 2024, the company had adopted the 2024 Restricted Stock Unit Plan to, among others, obtain ownership rights and interests in the company by granting participantsmuertosmultipliermegawaysslotOpportunities to recognize the work done by participantsmuertosmultipliermegawaysslotThe Group has made contributions to the Group and encourages and retains these individuals to promote the Group's continued operations and development. The 2024 RSU Plan will be funded only with existing shares that the trustee will purchase on the market.
The maximum number of awards that may be granted under the 2024 RSU Plan must not exceed 3% of the number of shares in issue as at the adoption date (i.e. approximately 1,441muertosmultipliermegawaysslot.750,000 shares). The above plan limits may be updated by the Board from time to time, and any awards granted before the limit renewal will not be counted in determining the updated plan limits.