LX Technology Group Ltd. has announced the grant of 1,331,100 awards under its Beauty Bear Employee Incentive Plan. The awards, which entitle recipients to subscribe for an equivalent number of company shares, have been allocated to 78 individuals. Among the awardees are Executive Directors Mr. Chen Xiuwei, who received 210,300 awards, and Ms. Chen Shuang, who received 25,500 awards, with the remaining 1,095,300 awards granted to other employees of the group. Awards that have not vested will lapse if the recipient ceases to be an employee of the group before the vesting date.
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