iDreamSky Technology Holdings Limited (Stock Code: 1119) announced on November 7, 2025, the grant of a total of 10,948,500 share options under its 2023 New Share Option Scheme. These share options were granted to 69 non-director employees at an exercise price of HKD0.808, with each option entitling the holder to subscribe for one share. The company disclosed that the closing price of its shares on the grant date was HKD0.760, while the average closing price for the five business days preceding the grant was HKD0.808.

The share options have a 10-year exercise period from the grant date and will commence vesting no earlier than 12 months from issuance, subject to varied performance targets tied to each grant’s terms. Performance metrics include individual, team or department, and overall group performance. Upon completion of this grant, the remaining number of shares available for future grants under the scheme stands at 13,921,461.

The board explained that the grant of share options aims to recognize employees’ contributions, encourage retention, align employee interests with those of shareholders, and drive ongoing business development. According to the announcement, no directors, chief executives, or substantial shareholders received any of the newly granted options.