An announcement from Cloud Music Inc. ( (HK:9899) ) is now available.
NetEase Cloud Music Inc. announced the grant of awards under its 2022 Restricted Share Unit Plan, with a total of 645,838 awards granted to 371 eligible participants. The awards, which have a three-year vesting period, are contingent upon performance targets and include a clawback mechanism for misconduct. The grants will be satisfied with existing shares, leaving over 10 million shares available for future grants, highlighting the company’s commitment to incentivizing and retaining talent.
More about Cloud Music Inc.
NetEase Cloud Music Inc. operates in the digital music industry, offering a platform for music streaming and related services. The company focuses on providing a wide range of music content and interactive features to enhance user engagement.
YTD Price Performance: 47.20%
Average Trading Volume: 619,947
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$36.43B
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