SINO-ENTERTAIN(HK:06933)2024-09-03 08:39Share Incentive Plan - The total number of shares available for issuance under the share incentive plan is 41,483,781 shares, representing 10% of the company's issued shares[2]. - The remaining term of the share incentive plan is approximately 7 years, effective from its adoption date of April 15, 2021[4]. - The company aims to align the interests of selected participants with those of the company and its shareholders through the share incentive plan[6]. - The share incentive plan is designed to reward and recognize the contributions of selected participants to the group's business development[9]. Incentive Shares Granted - The number of incentive shares granted to selected participants includes 2,800,000 shares for the non-executive director and 585,000 shares for the executive director, totaling 2,285,186 shares for 17 non-related employees[7]. - As of December 31, 2023, the number of incentive shares granted but not yet vested includes 2,240,000 for the executive director and 1,828,149 for the group’s 17 employees[8]. Performance and Review - The performance targets for the incentive shares granted for the year ending December 31, 2023, were reviewed and approved by the remuneration committee[7]. Clawback Mechanism - The incentive shares do not have any clawback mechanism; any unvested rewards will be forfeited if the selected participants cease to be employees due to corporate restructuring[9]. Disclosure of Share Incentives - The company has not granted any share incentives to directors or senior management beyond what has been disclosed for the year ending December 31, 2023[9]. Share Prices - The weighted average closing price of the incentive shares prior to the grant date on January 12, 2023, was HKD 1.27, while the prices before the vesting dates on November 30, 2023, and December 28, 2023, were HKD 0.28[1].