Graphex Group Limited (HK:6128) has released an update.
Graphex Group Limited has announced supplemental information regarding their 2023 Share Award Scheme, revealing the granting of over 68 million shares to selected grantees, including directors and senior managers, with certain awards having a vesting period of less than 12 months. The company’s Remuneration Committee justifies these grants as a strategic move to attract, retain, and motivate key personnel for the growth of the company, without attaching performance targets but including a clawback mechanism for misconduct.
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