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New Huo Technology Holdings Limited ( (HK:1611) ) has provided an update.
Bitfire Group Holdings has granted 660,000 share awards, representing about 0.09% of its issued share capital, to two employee participants under its share award scheme at no purchase price. The awards, to be settled through the issue of new shares, vest in equal portions over three years subject to individual performance targets, a clawback mechanism and other board-imposed conditions.
The company states that the share grant is designed to align employee interests with those of the group by giving staff a stake in future share price appreciation and dividends, as well as to support talent attraction and retention. Following this grant, 71,723,743 shares remain available for future awards under the firm’s share award and share option schemes, including a dedicated pool for service providers, indicating continued reliance on equity incentives across its broader stakeholder base.
More about New Huo Technology Holdings Limited
Bitfire Group Holdings Limited, formerly known as Sinohope Technology Holdings Limited, is listed on the Hong Kong Stock Exchange and operates in the technology and digital services sector. The group focuses on developing and operating technology-driven businesses, and uses equity-based incentive schemes to attract, motivate and retain key employees for its ongoing operations and growth.
Average Trading Volume: 1,396,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.73B
Learn more about 1611 stock on TipRanks’ Stock Analysis page.