Tuya Grants RSUs to Employees Under 2024 Share Scheme

Tuya, Inc. Class A ( (HK:2391) ) has issued an announcement.

Tuya Inc. has granted 100,000 restricted share units to four eligible employees under its 2024 Share Scheme, giving them rights to an equivalent number of Class A ordinary shares at no purchase price, with vesting over either 24 or 48 months after a 12-month cliff. The awards, which do not carry performance targets and are not subject to shareholder approval, are intended to incentivize and retain staff, and will be satisfied from existing scheme capacity, leaving nearly 57 million shares available for future grants and signaling ongoing use of equity-based compensation as a strategic tool for long-term talent retention and corporate development.

The RSUs will vest subject to standard clawback and tax withholding provisions, and none of the grantees are directors, senior managers, or substantial shareholders, ensuring compliance with Hong Kong listing rules on individual grant limits. By allocating a relatively small portion of its remaining share pool to non-executive employees, Tuya underlines its focus on broad-based employee incentives while maintaining significant headroom for future equity awards to support growth and align staff interests with shareholders.

The most recent analyst rating on (HK:2391) stock is a Buy with a HK$28.00 price target. To see the full list of analyst forecasts on Tuya, Inc. Class A stock, see the HK:2391 Stock Forecast page.

More about Tuya, Inc. Class A

Tuya Inc. is a Cayman Islands-incorporated company with dual listings in Hong Kong and on the New York Stock Exchange, where it trades under the ticker TUYA. The company operates through a share structure featuring Class A ordinary shares and is controlled via weighted voting rights, reflecting a governance model common among fast-growing Chinese technology and platform businesses seeking global capital market access.

Average Trading Volume: 50,097

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$11.51B

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