FAIRWOOD HOLD canceled 3.33 million unexercised stock options and granted 5.5 million new stock options
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FAIRWOOD HOLD announced the cancellation of 3.33 million unexercised stock options and the granting of 5.5 million new stock options. Due to the exercise price of the existing stock options being higher than the market price, the willingness of holders to exercise has decreased. The exercise price of the new stock options is HKD 5.470 per share, of which 2.14 million have been granted to executive directors, and the remainder to other employees. This move requires the consent of the holders and approval from independent shareholders
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