FLJ Group Limited Announces new Share Incentive Plan
November 18 2022 - 4:00AM
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.
About FLJ Group Limited
FLJ Group Limited, formerly known as Q&K International Group
Limited, is a leading technology-driven long-term apartment rental
platform in China. The Company offers young, emerging urban
residents conveniently-located, ready-to-move-in, and affordable
branded apartments as well as facilitates a variety of value-added
services. The Company leverages advanced IT and mobile technologies
to manage rental apartments in various cities in China. Technology
is the core of the Company’s business and is applied to its
operational process from apartment sourcing, renovation, and tenant
acquisition, to property management. The focus on technology
enables the Company to operate a large, dispersed, and fast-growing
portfolio of apartments with high operational efficiency and
deliver a superior user experience.
For investor and media inquiries, please
contact:
FLJ Group LimitedE-mail: ir@qk365.com
ChristensenIn ChinaMr. Rene VanguestainePhone:
+86-10-5900-1548E-mail: rvanguestaine@ChristensenIR.com
In the U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email:
lbergkamp@christensenir.com
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