Big Tree Cloud Announced Adoption Of 2024 Equity Incentive Plan Allowing Up To 20% Share Issuance, With Annual 1% Increase Starting July 1, 2024

Author: Benzinga Newsdesk | October 31, 2024 04:44pm

Big Tree Cloud Holdings Limited ("Big Tree Cloud" or the "Company") (NASDAQ:DSY) (NASDAQ:DSYWW), a company devoted to the development, production, and sales of personal care products and other consumer goods in China, today announced that its board of directors has approved the adoption of the Big Tree Cloud Holdings Limited 2024 Equity Incentive Plan (the "Plan"). Under the Plan, the Company will be permitted to grant share options, restricted shares, restricted share units, and similar equity-based compensation for the purpose of attracting, retaining, and incentivizing qualified directors, employees, franchisees and other individuals. The maximum number of shares which may be issued or issuable under the Plan is limited to 20% of the Company's issued and outstanding ordinary shares as of the date of the approval of the Plan, to be increased on the first day of each fiscal year of the Company during the term of the Plan commencing with the fiscal year beginning July 1, 2024, by an amount equal to 1.0% of the total number of issued and outstanding ordinary shares on the last day of the immediately preceding fiscal year.

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