Meitu (HK:1357) has released an update.
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Meitu, Inc. has announced the granting of share awards to its CEO and certain employees as part of a share award scheme with varying vesting periods, starting October 1, 2024. While the CEO’s award includes a performance target of achieving a net profit of not less than RMB1.1 billion by 2025 or 2026, other employees’ awards are vested annually over 24 months without performance targets. The granted shares come from new issuances within the scheme’s mandate or via trustee purchases in the open market.
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