China Smart Tech Group (00464.HK) announced plans to adopt a new share option scheme following the expiration of its existing plan. The company's current scheme, implemented on August 6, 2015, will reach its 10-year term limit on August 5, 2025.
The proposed replacement aligns with updated regulations under Chapter 17 of Hong Kong Exchanges and Clearing Limited's (HKEX) Listing Rules, revised in July 2022. This strategic move aims to grant eligible participants opportunities to acquire ownership stakes in the company.
Through this initiative, the firm seeks to motivate qualified contributors who drive corporate value enhancement. The scheme serves dual purposes: aligning participant interests with those of shareholders while rewarding those advancing the group's business success.
Offering operational flexibility, the new framework will facilitate talent retention, performance-based rewards, compensation structuring, and employee benefit provisions. This transition underscores the company's commitment to maintaining competitive incentive structures in compliance with evolving market regulations.