According to an announcement dated 3 December 2025, Yidu Tech Inc. (Stock Code: 2158) has granted a total of 1,958,000 new Award Shares under its Post-IPO Share Award Scheme, representing approximately 0.18% of the total issued shares on the grant date (excluding treasury shares). Three grantees, including two executive directors, received the awards at no consideration, referencing a market price of HK$5.10 per share.
The vesting schedule spans from 1 April 2026 to 1 April 2029, with 489,500 shares subject to a shorter vesting period for administrative reasons. The awards are tied to performance targets evaluated through the company’s appraisal mechanism, which tracks both qualitative and quantitative indicators. A clawback provision applies if employment or engagement terminates for cause.
Of the shares granted, 1,057,200 were allocated to Executive Director Xu Jiming and 811,300 to Executive Director Feng Xiaoying. An additional 89,500 shares went to an employee. The grant was approved by the independent non-executive directors, and none of the awards require shareholder approval. Following this transaction, 82,991,708 shares remain available for future grants under the scheme mandate limit, and 9,378,581 shares remain under the service provider sublimit.
The announcement highlights that the share awards are intended to retain and motivate key personnel in alignment with the company’s long-term interests and strategic development.
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