Analyst Summary
- Non-performance based awards granted under the Long Term Incentive Plan vested on March 13, 2025, for Dr. Weiguo Su (Executive Director, Chief Executive Officer and Chief Scientific Officer), amounting to 19,913 American depositary shares.
- The company adopted the 2025 Long Term Incentive Plan (LTIP) effective from April 24, 2025, designed to attract, incentivize, and retain skilled personnel by offering equity interests in the company.
- The 2025 LTIP will be funded by existing shares purchased on-market by a trustee, and does not involve the issuance of new shares, thus not requiring shareholder approval under Listing Rules 17.02 to 17.11.
- The scheme mandate limit for the 2025 LTIP is 5% of the shares in issue on the Adoption Date (April 24, 2025), or 5% of the shares in issue on a potential New Approval Date, subject to Board approval.