Haosen Fintech clarifies share scheme details in 2024 annual report

Haosen Fintech Group Limited has published a supplemental announcement to its 2024 Annual Report, initially released on April 23, 2025, providing additional details concerning its 2023 Share Option Scheme and 2023 Share Award Scheme. The company clarified that no options were cancelled under the 2023 Share Option Scheme, and no awards were cancelled or granted under the 2023 Share Award Scheme during the financial year ended December 31, 2024.

The announcement noted an error in the 2024 Annual Report, specifying that the number of options and awards available for grant under the Scheme Mandate Limit as at January 1, 2024, was 15,658,300, not 15,658,000 as previously stated. As of December 31, 2024, the figure was 2,158,300. The total number of shares available for issue under both the 2023 Share Option Scheme and the 2023 Share Award Scheme was 15,658,300 shares, each representing approximately 10% of the total shares in issue as of March 24, 2025.

All options and awards granted under the Share Schemes are subject to a 12-month vesting period. The remuneration committee reviewed and approved the grants of options under the 2023 Share Option Scheme to existing employees, recognizing their past and continued contributions to the group. These grants, without performance targets, were deemed market-competitive and aligned with Haosen Fintech's remuneration policy.