According to a recent announcement, Xiaocaiyuan International Holding Ltd. (Stock Code: 0999) has officially adopted a Share Incentive Scheme aimed at enhancing its corporate governance and establishing a medium- and long-term incentive mechanism. The board of directors resolved the adoption on November 20, 2025, confirming that the scheme is settled with existing shares rather than issuing new shares, thus not requiring shareholder approval.
Under the scheme, eligible participants include co-founders, directors, senior management, employees, external advisors, business partners, and certain service providers who significantly impact the company’s operations. Incentives may take the form of options or restricted share units (RSUs), both subject to vesting arrangements and performance conditions that can be stipulated by the scheme administrator.
The Board has also authorized its Chairman, who is an executive director and one of the company’s controlling shareholders, to administer the scheme. This role includes overseeing grant conditions, vesting schedules, and the exercise of the incentives, as well as making necessary adjustments and decisions to ensure effective implementation. The scheme is set to remain valid for 10 years from its adoption date, unless terminated earlier by the Board, and it undertakes specific lock-up and reduction stipulations for all shares granted under its provisions.
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