SINOHOPE TECH (01611) announced that the board of directors proposes to adopt a share award scheme in compliance with Chapter 17 of the Listing Rules. The scheme will enable the company to provide incentives to eligible participants through the granting of awards in recognition of their contributions or potential contributions to the group, and to align their interests with those of the group. In addition to the existing share option scheme, the company's ability to grant awards provides an alternative incentive approach that is more tailored to the needs of each eligible participant. The maximum number of shares that may be issued in respect of all awards and share options to be granted under the scheme and any other share schemes (including but not limited to the existing share option scheme) shall not exceed 10% of the company's issued share capital as at the date of adoption in aggregate; and within such limit, the maximum number of shares that may be issued in respect of all awards and share options to be granted to service providers under the scheme and any other share schemes shall not exceed 1% of the total number of issued shares as at the date of adoption in aggregate.