C02673-2022 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Unclassified Shares | 10,861,125,857 |
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Subject of the Disclosure |
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Amendment of the Company’s Stock Incentive Plan for Directors, Officers, and Employees of the Company and its operating subsidiaries (the “SIP”) |
Background/Description of the Disclosure |
The board of directors of the Company approved on May 24, 2012 the SIP. The SIP is intended to improve employees’ and other participant’s net worth; allow employees and other participants to participate directly in the Company’s worth; motivate employees and other participants toward greater productivity; encourage employees and other participants to remain with the Company or its subsidiaries/affiliates; and broaden the shareholders base of the Company. The SIP now does not grant a stock option but is instead a grant of shares as a form of additional compensation (incentives) to eligible participants. |
Other Relevant Information |
None. |
Name | JONAS KHAW |
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Designation | ASSISTANT CORPORATE SECRETARY |