Brightstar Tech Proposes Ending 2017 Share Option Scheme and Launching 2026 Plan to Align with Updated GEM Rules

Bulletin Express

Yesterday

Brightstar Technology Group Co., Ltd. (Brightstar Tech) announced plans to terminate its existing 2017 Share Option Scheme and introduce a new 2026 Share Option Scheme, reflecting the revised requirements of Chapter 23 of the GEM Listing Rules effective 1 January 2023.

The 2017 Share Option Scheme, adopted on 19 May 2017 and scheduled to run until 18 May 2027, has never been used; no options are outstanding and none will be granted before termination. The Board therefore proposes to discontinue the plan and replace it with the 2026 Share Option Scheme, subject to two key conditions:

1. Shareholder approval at the upcoming Annual General Meeting (AGM); and 2. Listing approval from the GEM Listing Committee for any shares issued upon future option exercises.

The stated objectives of the new scheme are to incentivise eligible participants, recognise current and potential contributions, and strengthen talent attraction and retention in line with market practices aimed at enhancing long-term enterprise value. As of the announcement date, the Board has no intention to grant options under the proposed scheme.

A circular detailing the principal terms of the 2026 Share Option Scheme and the AGM notice will be dispatched to shareholders in accordance with GEM Listing Rules.

The announcement was authorised by Chairman and Executive Director Cui Hai Bin on 17 April 2026.

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(Brightstar Tech) announced plans to terminate its existing 2017 Share Option Scheme and introduce a new 2026 Share Option Scheme, reflecting the revised requirements of Chapter 23 of the GEM Listing Rules effective 1 January 2023.</p>\n<p>The 2017 Share Option Scheme, adopted on 19 May 2017 and scheduled to run until 18 May 2027, has never been used; no options are outstanding and none will be granted before termination. The Board therefore proposes to discontinue the plan and replace it with the 2026 Share Option Scheme, subject to two key conditions:</p>\n<p>1. Shareholder approval at the upcoming Annual General Meeting (AGM); and  \n2. Listing approval from the GEM Listing Committee for any shares issued upon future option exercises.</p>\n<p>The stated objectives of the new scheme are to incentivise eligible participants, recognise current and potential contributions, and strengthen talent attraction and retention in line with market practices aimed at enhancing long-term enterprise value. 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The Board therefore proposes to discontinue the plan and replace it with the 2026 Share Option Scheme, subject to two key conditions:\n1. Shareholder approval at the upcoming Annual General Meeting (AGM); and  \n2. Listing approval from the GEM Listing Committee for any shares issued upon future option exercises.\nThe stated objectives of the new scheme are to incentivise eligible participants, recognise current and potential contributions, and strengthen talent attraction and retention in line with market practices aimed at enhancing long-term enterprise value. As of the announcement date, the Board has no intention to grant options under the proposed scheme.\nA circular detailing the principal terms of the 2026 Share Option Scheme and the AGM notice will be dispatched to shareholders in accordance with GEM Listing Rules.\nThe announcement was authorised by Chairman and Executive Director Cui Hai Bin on 17 April 2026.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}