Feiyang International Grants 50 Million Share Options to Employees

MT Newswires Live10-09

Feiyang International (HKG:1901) granted a total of 50 million share options to its seven employees under its share option scheme.

The company said the grant is based on performance and it is purposed to recognize contributions made by the grantees and to provide incentives for its employees, a Tuesday filing with the Hong Kong Exchange said.

The grantees do not include any director, executive, substantial shareholder, or a connected person of the company.

The company will have no further share options left for future grants under its share option scheme after the completion of this grant.

The travel-related products and services company's shares closed over 2% lower on Wednesday.

Price (HKD): $0.10, Change: $-0.0020, Percent Change: -2.04%

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