Hung Hing Printing Group Limited (HK:0450) has released an update.
Hung Hing Printing Group Limited has announced the renewal of their restricted share award scheme, effective from July 1, 2024, for three years, aimed at motivating and retaining valuable employees. The scheme involves the purchase of existing shares by a trustee to be held in trust for selected participants until they vest, aligning employee interests with the company’s financial performance. No new shares will be issued under this scheme, which follows Chapter 17 of the Listing Rules and does not require shareholder approval, only disclosure.
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