Core Viewpoint - The company, Derin Holdings (01709), announced a plan to grant a total of 120 million shares to reward and incentivize its directors, senior management, and employees, reflecting a commitment to sustainable development and long-term growth [1][3]. Group 1 - The share grant includes 90 million shares from Mr. Chen Ningdi and/or through DA Wolf and Xunsheng, along with 30 million shares under the 2025 Restricted Share Award Plan [1]. - Mr. Chen Ningdi and his spouse, Ms. Jiang, have voluntarily committed not to transfer or sell any shares they hold for twelve months from the announcement date, demonstrating confidence in the company's sustainable development [1]. - A total of 60 million shares will be transferred to three directors and 13 senior management and employees, representing approximately 3.56% of the company's issued share capital as of the announcement date [1][2]. Group 2 - As of the announcement date, Mr. Chen Ningdi holds or is deemed to hold interests in a total of 797,592,661 shares, accounting for approximately 47.34% of the company's issued share capital [2]. - The shareholding structure includes 547,524,297 shares directly owned by DA Wolf, 231,723,465 shares held by Xunsheng, and additional shares held by Mr. Chen and Ms. Jiang as beneficial owners [2]. - The company plans to adopt an executive share incentive plan by the end of October 2025, which will include the transfer of 60 million shares [2]. Group 3 - Mr. Chen intends to transfer 30 million shares as part of the executive share incentive plan, which will be held in a trust pool and may be subject to specific lock-up periods and vesting conditions [3]. - The 2025 Restricted Share Award Plan aims to create a reward pool of 30 million shares based on individual performance and plan rules [3]. - The planned share transfers and incentive programs reflect the controlling shareholder's commitment to rewarding past contributions, providing long-term incentives, and maintaining alignment among the company, management, employees, and shareholders [3].
德林控股(01709)控股股东拟合共授出1.2亿股股份以奖励及激励集团董事、高管及僱员