LX Technology Group Awards Shares to Employees

LX Technology Group Limited (HK:2436) has released an update.

LX Technology Group Limited has announced the granting of 886,987 share awards to 34 employees under its Beauty Bear Employee Incentive Plan. The awards, representing 0.25% of the company’s total issued shares, are priced at HK$0.01 per share and have a potential market value of approximately HK$3.25 million. These awards are subject to a performance-based vesting period and a clawback mechanism.

For further insights into HK:2436 stock, check out TipRanks’ Stock Analysis page.