iDreamSky Technology Announces New Share Option Scheme with Performance-Based Vesting Conditions

Reuters
28 May
iDreamSky Technology Announces New Share Option Scheme with Performance-Based Vesting Conditions

iDreamSky Technology Holdings Limited has announced a new compensation plan under the 2023 New Share Option Scheme. The plan involves granting a total of 17,000,000 share options to eligible grantees, with vesting allocated in three tranches: 30%, 30%, and 40%. The first tranche will vest on May 27, 2026, contingent upon achieving a positive cumulative operating profit for 12 consecutive months from January 1, 2025. The second and third tranches will vest based on achieving the company's adjusted net profit targets, with vesting occurring the month following the announcement of the respective year's financial results. The performance targets include a requirement that the average share price for any 15 consecutive business days reaches or exceeds HKD2.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iDreamsky Technology Holdings Ltd. published the original content used to generate this news brief on May 28, 2025, and is solely responsible for the information contained therein.

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