Tuya Grants RSUs to Employees Under 2024 Share Scheme

Tuya Inc. has announced the grant of 100,000 Restricted Share Units (RSUs) to four employees under its 2024 Share Scheme. These RSUs, which have no purchase price and vest over 24 to 48 months with a 12-month cliff, are intended to incentivize and retain staff. This move utilizes existing scheme capacity, leaving substantial shares for future grants, and complies with Hong Kong listing rules.

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