Zibuyu Group (HKG:2420) granted 5 million awarded shares to CEO Chen Caixiong, under a 2023 incentive scheme, a Thursday Hong Kong bourse filing said.
The shares represent 1% of the apparel company's total issued shares. Each awarded share gives Chen the right to receive one ordinary share in the company.
The grant was determined based on Chen's contributions to the firm's development.
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