China Anchu Energy Storage Group (HKG:2399) granted 304.7 million share options to 17 employees and executives on Nov. 25 under its new share option scheme, according to a Tuesday Hong Kong bourse filing.

Shares were up more than 8% in Wednesday morning trade.

The options carry an exercise price of HK$0.61, above both the HK$0.60 last close and the five-day average of HK$0.525. They are valid for 10 years and vest 12 months after the grant date.

Executive directors Duan Huiyuan and Ma Xiaoling received a combined 52 million options, with 252.69 million granted to 15 other employees.

The company said no performance targets are attached, though a clawback mechanism applies in cases of misconduct or policy breaches.

Only 6,300 shares remain available for future grants under the scheme.