Newborn Town Inc. Expands Incentive Share Scheme

Newborn Town Inc. (HK:9911) has released an update.

Newborn Town Inc. has announced an increase to the maximum number of shares in its RSU Award Scheme from 3% to 10% to better incentivize directors, senior management, and consultants. The amendment aims to align their interests with the company’s growth and does not require shareholder approval, as it doesn’t involve issuing new shares but will utilize existing ones. This move is part of the company’s effort to attract and retain talented personnel for sustainable development.

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