FLJ Group Limited Announces new Share Incentive Plan
SHANGHAI, China, Nov. 18, 2022 (GLOBE NEWSWIRE) — FLJ Group Limited (NASDAQ:FLJ) (the “Company”), a leading technology-driven long-term apartment rental platform in China, today announced that its board of directors has approved and adopted a new share incentive plan (the “2022 Plan”). The maximum number of shares available for issuance under the 2022 Plan is 2,500,000,000 Class B ordinary shares of the Company (the “Shares”). The board of directors has also approved the issuance of the Shares to an ESOP Platform, which is holding these Shares (representing 8.8% of the total outstanding share capital and 49.1% of the voting power of the Company) and will act upon the instructions from a senior management committee of the Company determined on a unanimous basis in relation to the voting and, prior to the vesting of the Shares to the relevant grantee of the share-based awards under the 2022 Plan, the disposition of the Shares. The Shares held by the ESOP Platform are reserved for share-based awards that the Company may grant in the future under the 2022 Plan. As of the date of this press release, no share-based awards have been granted under the 2022 Plan.