ESOPMay 4, 2026, 04:23 PM
MDJM LTD Adopts Equity Incentive Plan; Issues 200,000 Shares to CEO
AI Summary
MDJM LTD's Board and Compensation Committee adopted the 2026 Equity Incentive Plan on April 30, 2026, aimed at retaining key personnel. Concurrently, the company issued 200,000 Class B ordinary shares to Mr. Siping Xu, the Chief Executive Officer and Chairman, for his services. This issuance significantly increases Mr. Xu's control to approximately 89.58% of the company's aggregate voting power.
Key Highlights
- MDJM LTD adopted the 2026 Equity Incentive Plan on April 30, 2026.
- Plan authorizes issuance of up to 200,000 Class A and 200,000 Class B ordinary shares.
- 200,000 Class B ordinary shares were issued to CEO Siping Xu.
- Shares were issued at a par value of $0.875 per share for his service.
- CEO Siping Xu now controls approximately 89.58% of the aggregate voting power.
Price Impact
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