China Kingstone Mining Holdings Limited (stock code: 1380) released its Share Award Scheme details. The scheme aims to incentivize and motivate eligible participants, including employees, related entity participants, and qualifying service providers, over a duration of ten years starting from the adoption date, subject to applicable laws and shareholder approval.

Key features include a maximum allocation of 10% of the company’s issued shares for the scheme, with a 1% sub-limit specifically for service providers. The vesting schedule typically requires a minimum twelve-month holding period, although exceptions may apply in special circumstances such as new hires or performance-based criteria. The scheme incorporates clawback provisions to safeguard the company’s interests, and awards may lapse in cases such as voluntary resignation, dismissal, or other conditions prescribed in the document.

The board retains discretion regarding vesting terms, performance benchmarks, and any potential early vesting events. Any changes to the scheme, including the refresh of the overall share limit, require compliance with stock exchange regulations and, where needed, shareholder approval. The arrangement will conclude after ten years unless terminated earlier by the board, with all outstanding and vested awards continuing to follow the original scheme provisions.