Milkground supervisors approve 2025 stock option incentive plan

Shanghai Milkground Food Tech (SSE:600882) has received supervisory board approval for its 2025 stock option incentive plan, following reviews of the proposed recipient list and compliance with regulatory guidelines. The incentive plan, initially approved by the board of directors on March 5, 2025, aims to incentivize key personnel. The supervisory board confirmed that all selected participants meet the eligibility criteria, including being directors, senior managers, and core staff within the company or its subsidiaries. The recipients also meet regulatory requirements, with no individuals found to be unsuitable based on past securities violations or legal restrictions. The approved plan entails issuing stock options not exceeding 8 million shares, which amounts to 1.56% of total equity. The options are sourced from the company’s buyback account. The plan will have a lockup period before being incrementally released to recipients over three years. The next step involves submitting the plan for shareholder approval at the annual meeting.