Chong Fai Jewellery Group Announces New 2025 Share Option Scheme with Updated Vesting Terms
Reuters
Jul 14
Chong Fai Jewellery Group Announces New 2025 Share Option Scheme with Updated Vesting Terms
Chong Fai Jewellery Group Holdings Company Ltd. has announced a supplemental update regarding their 2025 Share Option Scheme. The company has proposed the adoption of the new scheme while terminating the existing one. Under the new terms, Batch 1 Options will vest immediately, although they are subject to clawback mechanisms. Meanwhile, Batch 2 Options will vest according to a specified vesting period, also subject to similar clawback conditions. Importantly, the vesting and exercise of both Batch 1 and Batch 2 Options will not be tied to any performance targets. The announcement serves as an addition to the company's previous disclosure made on April 28, 2025.
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