Qing Hua Holding Group Co. Ltd. said its board approved granting 9,040,000 awarded shares to Chessman Entertainment Concert Company Limited under its Share Award Scheme, tied to a strategic cooperation agreement. The shares have no exercise price and are issued for nil consideration, with vesting triggered by achieving performance targets; the company noted the targets have been met with net profit attributable to Qing Hua Entertainment from the consultant’s shows reaching at least HK$3.0 million. The grant represents about 0.34% of issued shares, based on a closing price of HK$0.049 per share on the grant date.

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