HK Stock Market Move | DL HOLDINGS GP (01709) fell nearly 15%, the company plans to launch the second phase of stock incentive plan, emphasizing that the business does not belong to DAT model.

DL HOLDINGS GP (01709) fell nearly 15% in the afternoon, dropping 13.31% to 2.15 Hong Kong dollars, with a turnover of 220 million Hong Kong dollars. On the news front, DL HOLDINGS GP announced that after completing the first phase of the planned 30 million share incentive share pool, the company plans to launch the second phase of the plan, setting a new target of up to 40 million share incentive share pool. This second phase of the incentive share pool is intended to motivate the company's directors, senior management, and employees, to recognize their continuous efforts and contributions to the group's development and future achievements. It is worth noting that DL HOLDINGS GP emphasizes that the company's business does not belong to the digital asset treasury (DAT) or cash company model and has no intention of holding cryptocurrency by default. In addition, DL HOLDINGS GP disclosed that approximately 2.5751 billion Hong Kong dollars have been allocated to digital financial strategic plans so far, with approximately 1.2373 billion Hong Kong dollars used for RWA investments, approximately 58.18 million Hong Kong dollars used for investments in One Carmel, and approximately 75.02 million US dollars used for purchasing bitcoin mining machines from Bitmain.