Vala Shareholders Back 77.23 Million-Share Awards for Chairman Sun Haitao and Vice-President Wu Shan

Bulletin Express07-17

Vala Inc. (02051) reported that all resolutions tabled at its Extraordinary General Meeting (EGM) on 17 July 2026 were approved by poll, clearing the way for sizeable equity incentives to two senior executives under the 2026 Share Award Plan.

Key outcomes: 1. Grant to Chairman & CEO Sun Haitao • Shares awarded: 65.20 million • Votes in favour: 687.50 million (100%) • Votes against: 0 • Voting exclusions: Sun, his associates (316.88 million shares) and other core connected persons (538.46 million shares) abstained, leaving 772.96 million shares eligible to vote.

2. Grant to Executive Director & Vice-President Wu Shan • Shares awarded: 12.03 million • Votes in favour: 687.50 million (100%) • Votes against: 0 • Voting exclusions: Wu, her associates (1.69 million shares), core connected persons (538.46 million shares) and Sun’s group (316.88 million shares) abstained.

Additional details: • Total issued share capital at the EGM date stood at 1.63 billion shares. • Tricor Investor Services Limited acted as scrutineer for the poll. • All board members participated in the meeting via electronic means.

With the unanimous shareholder endorsement, Vala can now proceed to issue a combined 77.23 million new shares to its top management, reinforcing long-term alignment between leadership incentives and shareholder interests.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1150914700?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-17 19:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1150914700","market":"us","top_or_hot":-1,"title":"Vala Shareholders Back 77.23 Million-Share Awards for Chairman Sun Haitao and Vice-President Wu Shan","media":"Bulletin Express","content":"<p>Vala Inc. (02051) reported that all resolutions tabled at its Extraordinary General Meeting (EGM) on 17 July 2026 were approved by poll, clearing the way for sizeable equity incentives to two senior executives under the 2026 Share Award Plan.</p>\n<p>Key outcomes:  \n1. Grant to Chairman & CEO Sun Haitao  \n   • Shares awarded: 65.20 million  \n   • Votes in favour: 687.50 million (100%)  \n   • Votes against: 0  \n   • Voting exclusions: Sun, his associates (316.88 million shares) and other core connected persons (538.46 million shares) abstained, leaving 772.96 million shares eligible to vote.</p>\n<p>2. Grant to Executive Director & Vice-President Wu Shan  \n   • Shares awarded: 12.03 million  \n   • Votes in favour: 687.50 million (100%)  \n   • Votes against: 0  \n   • Voting exclusions: Wu, her associates (1.69 million shares), core connected persons (538.46 million shares) and Sun’s group (316.88 million shares) abstained.</p>\n<p>Additional details:  \n• Total issued share capital at the EGM date stood at 1.63 billion shares.  \n• Tricor Investor Services Limited acted as scrutineer for the poll.  \n• All board members participated in the meeting via electronic means.</p>\n<p>With the unanimous shareholder endorsement, Vala can now proceed to issue a combined 77.23 million new shares to its top management, reinforcing long-term alignment between leadership incentives and shareholder interests.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vala Shareholders Back 77.23 Million-Share Awards for Chairman Sun Haitao and Vice-President Wu Shan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVala Shareholders Back 77.23 Million-Share Awards for Chairman Sun Haitao and Vice-President Wu Shan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-07-17 19:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Vala Inc. (02051) reported that all resolutions tabled at its Extraordinary General Meeting (EGM) on 17 July 2026 were approved by poll, clearing the way for sizeable equity incentives to two senior executives under the 2026 Share Award Plan.</p>\n<p>Key outcomes:  \n1. Grant to Chairman & CEO Sun Haitao  \n   • Shares awarded: 65.20 million  \n   • Votes in favour: 687.50 million (100%)  \n   • Votes against: 0  \n   • Voting exclusions: Sun, his associates (316.88 million shares) and other core connected persons (538.46 million shares) abstained, leaving 772.96 million shares eligible to vote.</p>\n<p>2. Grant to Executive Director & Vice-President Wu Shan  \n   • Shares awarded: 12.03 million  \n   • Votes in favour: 687.50 million (100%)  \n   • Votes against: 0  \n   • Voting exclusions: Wu, her associates (1.69 million shares), core connected persons (538.46 million shares) and Sun’s group (316.88 million shares) abstained.</p>\n<p>Additional details:  \n• Total issued share capital at the EGM date stood at 1.63 billion shares.  \n• Tricor Investor Services Limited acted as scrutineer for the poll.  \n• All board members participated in the meeting via electronic means.</p>\n<p>With the unanimous shareholder endorsement, Vala can now proceed to issue a combined 77.23 million new shares to its top management, reinforcing long-term alignment between leadership incentives and shareholder interests.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02051","symbol_name":"VALA","start_time":0,"source_url":"","article_id":"1150914700","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150914700","pubTimestamp":1784287297,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Vala Inc. (02051) reported that all resolutions tabled at its Extraordinary General Meeting (EGM) on 17 July 2026 were approved by poll, clearing the way for sizeable equity incentives to two senior...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02051":"VALA"},"translate_title":"Vala股东向董事长孙海涛和副总裁吴山返还7723万股奖励","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02051":1},"content_text":"Vala Inc. (02051) reported that all resolutions tabled at its Extraordinary General Meeting (EGM) on 17 July 2026 were approved by poll, clearing the way for sizeable equity incentives to two senior executives under the 2026 Share Award Plan.\nKey outcomes:  \n1. Grant to Chairman & CEO Sun Haitao  \n   • Shares awarded: 65.20 million  \n   • Votes in favour: 687.50 million (100%)  \n   • Votes against: 0  \n   • Voting exclusions: Sun, his associates (316.88 million shares) and other core connected persons (538.46 million shares) abstained, leaving 772.96 million shares eligible to vote.\n2. Grant to Executive Director & Vice-President Wu Shan  \n   • Shares awarded: 12.03 million  \n   • Votes in favour: 687.50 million (100%)  \n   • Votes against: 0  \n   • Voting exclusions: Wu, her associates (1.69 million shares), core connected persons (538.46 million shares) and Sun’s group (316.88 million shares) abstained.\nAdditional details:  \n• Total issued share capital at the EGM date stood at 1.63 billion shares.  \n• Tricor Investor Services Limited acted as scrutineer for the poll.  \n• All board members participated in the meeting via electronic means.\nWith the unanimous shareholder endorsement, Vala can now proceed to issue a combined 77.23 million new shares to its top management, reinforcing long-term alignment between leadership incentives and shareholder interests.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1150914700","isCrawlerRequest":true}