Financial Wire

Smart-Core Adopts New Incentive Scheme

-- Smart-Core (HKG:2166) adopted a new share award scheme effective Thursday and terminated its 2016 scheme, according to a same-day Hong Kong bourse filing.

Shares of the integrated circuit and electronic component wholesaler were down nearly 1% in Friday morning trade.

The 2026 scheme will allow awards of up to 10% of the company's issued shares as of the adoption date.

Residual shares from the 2016 scheme, including 31.4 million ungranted shares, will be transferred to the new plan, while 4 million previously awarded but unvested shares will remain valid.

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