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Kuaishou Technology Class B ( (HK:1024) ) has issued an update.
Kuaishou Technology has granted stock options and restricted share units to co-founder and chief executive officer Cheng Yixiao under its 2023 Share Incentive Scheme. The award, comprising 391,235 options and 3,477,644 RSUs, forms part of Cheng’s annual remuneration and is intended to align his interests with those of shareholders and reinforce his long-term commitment to the company.
The options are priced at HK$46.46 per share, with a seven-year exercise period and vesting scheduled for April 17, 2027, and they carry no additional performance targets. The grant includes a clawback mechanism allowing the company to recover or withhold the options in cases such as cause, confidentiality or non-compete breaches, or conduct that materially harms the group’s reputation or interests.
The most recent analyst rating on (HK:1024) stock is a Buy with a HK$82.00 price target. To see the full list of analyst forecasts on Kuaishou Technology Class B stock, see the HK:1024 Stock Forecast page.
More about Kuaishou Technology Class B
Kuaishou Technology is a Chinese short-video and live-streaming platform operator listed in Hong Kong with dual HKD and RMB counters. The company focuses on user-generated content and social entertainment, generating revenue primarily from online marketing services, live-streaming, and other value-added services in the mainland China internet sector.
Average Trading Volume: 40,185,485
Technical Sentiment Signal: Sell
Current Market Cap: HK$199.5B
See more insights into 1024 stock on TipRanks’ Stock Analysis page.