China Modern Dairy awards shares to key personnel

China Modern Dairy Holdings Ltd. (HKEX: 1117) announced the grant of 65,317,000 awarded shares under its restricted share award scheme 2018 to 165 middle and senior management personnel. The grant, representing approximately 0.83% of the company's issued share capital, aims to motivate the management team and retain talent. Some of the awarded shares were granted to Directors: Mr. Sun Yugang, Chief Executive Officer (4,635,000 shares) and Mr. Zhu Xiaohui, Chief Financial Officer (2,618,000 shares). The shares will vest in two tranches, with 50% vesting on the first anniversary of the grant date and the remaining 50% vesting on the second anniversary, subject to the fulfillment of vesting conditions. The grant has been approved by the remuneration committee.