Fairwood Holdings Limited has announced a new compensation plan involving the grant of 1,040,000 new share options to Mr. Francis Lo, the Vice Chairman of the Board and Executive Director. This decision was disclosed in a circular that will be sent to the company's shareholders, adhering to the Listing Rules. The new share options are part of a broader grant of 5,500,000 options, out of which 2,140,000 have been allocated to Executive Directors. These options come with a clawback mechanism that renders them immediately non-exercisable under specific conditions, such as the grantee ceasing employment with the company or engaging in serious misconduct. Notably, Fairwood Holdings has clarified that there will be no financial assistance provided for purchasing shares under this scheme.