Semiconductor Firm Incentivizes Director with Equity Plan

Semiconductor Manufacturing International (DE:MKN2) has released an update.

Semiconductor Manufacturing International Corporation announced the grant of 47,008 restricted share units (RSUs) to Dr. FAN Ren Da Anthony, an independent non-executive Director, as part of his remuneration package under the 2024 Equity Incentive Plan. These units will vest on January 1, 2025, and are intended to retain and motivate Dr. Fan, aligning with his performance targets and the company’s growth. The issuance of new shares is approved by the independent non-executive Directors and complies with the Hong Kong Listing Rules.

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