DeHeng Advised Fangda Special Steel Technology on Establishing the Equity Incentive Scheme and Completing the First Granting of Stocks

2022-04-21

In April 2022, Fangda Special Steel Technology Co., Ltd. (stock code: 600507) completed the first award of the 2022 A-share restricted stock units as part of its incentive scheme. The equity incentive scheme will grant a total of 215.59 million restricted shares to eligible employees, accounting for 10% of the company's total share capital when the scheme was announced, including 176.37 million shares granted in the first phase. The stocks awarded this time come from the private placement of shares to the recipients of incentive.

As the company's legal counsel, the DeHeng team was led by partner Hou Zhiwei, with primary support from Zhang Yan, Wang Jing and Liu Di, and provided whole-process legal services for the client.