Impro Precision proposes new share option scheme to align with listing rules

Impro Precision Industries Limited announced its board's resolution on October 28, 2025, to propose the termination of its existing share option scheme and the adoption of a new one. This move, which requires shareholder approval at an extraordinary general meeting (EGM), aims to align the company's incentive framework with the amended Chapter 17 of the Listing Rules, effective January 1, 2023.

The existing scheme, adopted on June 15, 2018, was valid until June 14, 2028, but no share options have been granted under it since its adoption. The new scheme intends to grant options to eligible participants as incentives or rewards for their contributions to the group's growth and development, and to attract and retain top talent.

The adoption of the new scheme is conditional upon the Stock Exchange granting approval for the listing of shares representing the scheme's mandate limit and the passing of necessary resolutions by shareholders at the EGM. These resolutions include approving the new scheme, authorizing directors to grant options, and issuing shares upon option exercise.