Zhengwei Group Holdings Company Limited (2147) announced the approval and adoption of its 2025 Share Incentive Scheme. The scheme aims to attract and retain eligible individuals, including directors and full-time or part-time employees of the company and its subsidiaries. It gives these participants a chance to have a personal stake in the company while motivating and recognizing their long-term efforts.

According to the announcement, the total number of shares that may be issued under the scheme cannot exceed 10% of issued share capital (excluding treasury shares) as of the adoption date. Any options and share awards granted under the scheme will lapse if they are canceled or if participants fail to meet specified thresholds, but these canceled awards will still count toward the overall 10% limit.

The scheme grants both share awards and options. Options, if granted, must have an exercise price that meets rules set out in the announcement, including not falling below the higher of the closing market price of the shares on the grant date or the average closing market price of the shares for the five trading days before the grant date. Eligible participants will be subject to a minimum vesting period of 12 months unless otherwise determined by the board or administrator.

The board retains the right to terminate the scheme at any time within the 10-year period after its adoption. Outstanding and unvested awards will remain valid but no further grants would be made upon termination. The scheme is governed by Hong Kong law, with any revisions requiring strict adherence to the relevant listing requirements and approval procedures.