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Infinities Technology Clarifies Terms of Share Option Scheme in 2024 Annual Report

Story Highlights
  • Infinities Technology issued a supplemental announcement clarifying how share options will vest.
  • The company confirmed no consideration is payable for options and none were granted to date.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Infinities Technology Clarifies Terms of Share Option Scheme in 2024 Annual Report

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Infinities Technology International (Cayman) Holding Limited ( (HK:1961) ) has issued an update.

Infinities Technology International (Cayman) Holding Limited has issued a supplemental announcement to its 2024 annual report to clarify details of its share option scheme in line with Hong Kong listing requirements. The company specified that share options, when granted, will vest according to periods determined by the board and stated in the offer notice, and that no consideration is payable upon application for or acceptance of such options. The additional disclosure does not alter any other information in the 2024 annual report, and the company confirmed that no share options were granted between its listing date and the date of the 2024 annual report, indicating no immediate dilution for existing shareholders and reaffirming compliance with corporate governance rules.

The most recent analyst rating on (HK:1961) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Infinities Technology International (Cayman) Holding Limited stock, see the HK:1961 Stock Forecast page.

More about Infinities Technology International (Cayman) Holding Limited

Infinities Technology International (Cayman) Holding Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with a board comprising executive, non-executive and independent non-executive directors. The company operates in the technology sector, though the announcement focuses primarily on its corporate governance and share option arrangements rather than its specific products or services.

Average Trading Volume: 152,894

Technical Sentiment Signal: Sell

Current Market Cap: HK$216.6M

See more data about 1961 stock on TipRanks’ Stock Analysis page.

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