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.
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