iDreamSky grants 10.9m share options to employees

iDreamSky Technology Holdings Limited (HKEX:1119) has granted a total of 10,948,500 share options to 69 non-director employees under its 2023 New Share Option Scheme. The grant date for these options was November 7, 2025, with an exercise price of HK$0.808 per share. The closing price of the shares on the grant date was HK$0.760, while the average closing price for the five business days preceding the grant was HK$0.808. The exercise period for these options is 10 years from the date of grant.

The granted share options come with varied performance targets and vesting schedules. Of the total, 3,880,000 options have no performance targets and will vest 12 months after the grant date. Another 2,100,000 shares will vest in two installments over two 12-month assessment periods, with vesting percentages adjusted based on annual performance scores. Additionally, 4,068,500 shares will vest in two installments, with the second installment contingent on performance appraisal results after 24 months. The remaining 900,000 shares will vest in three installments over three 12-month assessment periods, with vesting tied to performance scores.

The company stated that the grant aims to recognize employee contributions, encourage retention, provide incentives to achieve performance targets, attract suitable personnel, and enhance shareholder value by aligning employee interests with the company's performance. Following this grant, 13,921,461 shares remain available for future grants under the 2023 New Share Option Scheme.