China General Education Group Ltd. has announced an update to their restricted share unit (RSU) scheme as detailed in their 2024 Annual Report. The RSU Scheme, which was adopted on January 12, 2022, is set to remain in effect until January 12, 2032. Under the terms of the scheme, the Board of the Company will determine the purchase price for any awarded shares if required. Additionally, if a Grant Consideration is necessary, it must be paid by the selected participants in full, as specified in the Grant Notice, or the RSU award will lapse. This scheme is aimed at aligning the interests of the Company and its stakeholders with long-term growth and success.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.