SMART CITY DEV suggests adopting the 2025 stock option plan
SMART CITY DEV recommends adopting a 2025 stock option plan to replace the upcoming expiration of the 2015 stock option plan. The board will convene a shareholders' meeting to seek shareholder approval for the plan and authorize the board to grant stock options and issue company shares
According to the Zhitong Finance APP, SMART CITY DEV (08268) announced that the board of directors recommends adopting the share option incentive plan (2025 Share Option Plan) approved by the company's shareholders.
The existing share option plan (2015 Share Option Plan) was adopted by a shareholder resolution on August 10, 2015, and will expire on August 10, 2025, with no further share options to be granted under it. In light of the impending expiration of the 2015 Share Option Plan, and to provide appropriate rewards and returns for the contributions or potential contributions of suitable and qualified individuals to the company and its subsidiaries, the board of directors recommends adopting the 2025 Share Option Plan in accordance with Chapter 23 of the GEM Listing Rules of The Stock Exchange of Hong Kong Limited.
The board of directors will convene a shareholders' meeting to seek approval from shareholders for the adoption of the 2025 Share Option Plan, including authorizing the board of directors to grant share options under the 2025 Share Option Plan and to allot and issue company shares upon the exercise of the share options
