Shanghai Iluvatar CoreX Unveils New H Share Incentive Scheme

An announcement from Shanghai Iluvatar CoreX Semiconductor Co., Ltd. Class H ( (HK:9903) ) is now available.

Shanghai Iluvatar CoreX Semiconductor Co., Ltd. plans to adopt an H share award scheme funded through new H share issuance, treasury share transfers, or on-market purchases. The program is designed to attract, retain, and incentivize key participants, better align their interests with shareholders, and reinforce the company’s long-term remuneration and performance strategy.

The scheme sets a mandate limit of up to 5% of the company’s issued share capital for awards, with a 1% sublimit for service providers, and requires shareholder approval at the upcoming annual general meeting. The board is seeking broad authorization to manage all matters related to the scheme under Hong Kong listing rules, signaling a structured approach to equity incentives soon after the company’s H shares began trading.

More about Shanghai Iluvatar CoreX Semiconductor Co., Ltd. Class H

Shanghai Iluvatar CoreX Semiconductor Co., Ltd. is a China-based semiconductor company listed in Hong Kong, issuing H shares to international investors. The group focuses on advanced chip technologies and operates through a structure of subsidiaries, positioning itself within the high-tech and integrated circuit industry.

Average Trading Volume: 1,238,005

Current Market Cap: HK$61.9B

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