MEMESTRATEGY plans to adopt a restricted stock unit plan in 2025
MEMESTRATEGY announced that it will terminate the existing stock option plan and stock award plan on September 1, 2025, and plans to adopt the 2025 restricted stock unit plan to better manage employee incentives. The plan is subject to approval by the shareholders' meeting and complies with the requirements of Chapter 17 of the listing rules
According to the Zhitong Finance APP, MEMESTRATEGY (02440) announced that on September 1, 2025, the board of directors has resolved to terminate the stock option plan, effective immediately. On September 1, 2025, the board of directors has also resolved to terminate the share award plan, effective immediately.
Due to the proposal to adopt the 2025 restricted stock unit plan, and to more clearly define and better manage employee incentive plans after the change of the company's controlling shareholder, the renaming of the company, and strategic expansion into the new business areas of Web3 and artificial intelligence, the board of directors has resolved to immediately terminate the stock option plan and the share award plan as of the date of this announcement.
The board meeting has resolved to propose the adoption of the 2025 restricted stock unit plan, which, if adopted, will constitute a share plan providing funding through the issuance of new shares in accordance with Chapter 17 of the listing rules. Therefore, according to Article 17.02(1)(a) of the listing rules, the adoption of the 2025 restricted stock unit plan must be approved by shareholders at a general meeting
