SMART GLOBE (01481) Proposes Adoption of 2026 Share Award Scheme

Stock News

May 13

SMART GLOBE (01481) announced that the company proposes to adopt the 2026 Share Award Scheme. The scheme is intended to grant share awards to selected participants as an incentive for retention or in recognition of their contributions to the group, aiming to attract suitable talent to foster the group's development. It also seeks to align the interests of the award recipients with those of the shareholders, thereby promoting the medium to long-term growth of the group. According to the proposal, the plan authorization limit for the 2026 Share Award Scheme is set at 10% of the total issued share capital of the company on the date the scheme receives shareholder approval and adoption, with a sub-limit of 0.5% for service providers. The 2026 Share Award Scheme will become effective only upon the fulfillment of the following conditions: (a) shareholders pass an ordinary resolution to approve the adoption of the 2026 Share Award Scheme and the sub-limit for service providers; and (b) the Listing Committee grants approval for the listing and trading of any new shares that may be issued and allotted upon the vesting of awards under the 2026 Share Award Scheme.

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