Biren Tech's stock surged 5.97% during intraday trading on Tuesday, marking a significant upward movement for the semiconductor company.

The sharp rise follows the company's announcement that it will seek shareholder approval for two new equity incentive arrangements—the H Share Option Scheme and the H Share Incentive Scheme—which together could cover up to 10% of the company's issued share capital. The proposed plans aim to deepen alignment between employees, strategic partners and shareholders as the company pursues long-term growth.

Investors responded positively to the news, viewing the incentive schemes as a mechanism to retain talent and drive performance. The schemes include provisions for directors, supervisors, employees, and external service providers, with exercise prices tied to market performance and vesting periods of at least 12 months.