Chaowei Power Grants Share Options to Directors and Staff Under 2023 Scheme

Chaowei Power Holdings ( (HK:0951) ) has issued an announcement.

Chaowei Power Holdings has granted 24,275,000 share options under its 2023 Share Option Scheme to directors and employee participants, representing about 2.20% of its issued share capital. Of these, 1,350,000 options went to directors and the chief executive, while 22,925,000 options were allocated to other group employees, with an exercise price of HK$2 per share, matching the grant-date closing price.

The options, which have a 10-year exercise period from 23 April 2026, will vest in tranches of 10%, 20% and 70% from 2027 to 2029, aligning management and staff incentives with long-term shareholder value. The move underscores the company’s use of equity-based compensation to retain key personnel and incentivize performance as it pursues its strategic objectives in the power solutions market.

More about Chaowei Power Holdings

Chaowei Power Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the power solutions and battery sector. The group focuses on manufacturing and supplying batteries and related energy products, serving a broad base of industrial and consumer customers in mainland China and international markets.

Average Trading Volume: 1,486,906

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.06B

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