Tongcheng Travel Grants CEO Share Options

Tongcheng Travel Holdings Limited (HK:0780) has released an update.

Tongcheng Travel Holdings Limited has awarded 21 million share options to CEO Mr. Ma Heping under its 2024 Share Scheme, with an exercise price of HK$15.920, matching the stock’s closing price on the grant date. The options, which vest over a six-year period and carry no performance targets, are intended to acknowledge Mr. Ma’s contributions and incentivize his future performance. A clawback mechanism is in place to ensure alignment with the company’s long-term interests.

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