REFIRE recommends adopting the 2025 H-share incentive plan
The board of REFIRE recommends adopting the 2025 H-share incentive plan, with a maximum limit of 3 million H shares, which the trustee will acquire in accordance with listing rules and applicable laws. The board also recommends amending the pre-IPO stock option plan, extending the first exercise period from 12 months to 24 months, subject to shareholder review and approval
According to the Zhitong Finance APP, REFIRE (02570) announced that the board of directors has proposed to adopt the 2025 H-share incentive plan at the board meeting held on October 17, 2025 (Friday). The upper limit of the 2025 H-share incentive plan shall be the maximum number of H-shares that the trustee will acquire at the current market price in accordance with the listing rules and other applicable laws and regulations from time to time, which shall not exceed 3 million H-shares in any case.
The board of directors has also proposed to amend the pre-IPO stock option plan at the board meeting held on October 17, 2025 (Friday). The amendments involve extending the first exercise period from the last trading day after the waiting period expires for 12 months to the last trading day after the waiting period expires for 24 months. According to the pre-IPO stock option plan, the above amendments must be reviewed and approved by shareholders at an extraordinary general meeting before they can take effect
