BEIJING, Dec. 8, 2021 /PRNewswire/ -- TIAN RUIXIANG
Holdings Ltd (Nasdaq: TIRX) (the "Company"),
a China-based insurance broker, announced today that the
Company adopted a performance incentive plan (the "2021 Plan") to
motivate and reward eligible employees based on their
performance. The Company has also filed a registration
statement on Form S-8 (the "Registration Statement") to register
5,000,000 Class A ordinary shares, par value of US$0.001 per share (the "Class A Ordinary
Shares"), of the Company, issuable pursuant to the the 2021 Plan.
In accordance with Rule 416(a) under the Securities Act of 1933, as
amended (the "Securities Act"), this Registration Statement also
covers an indeterminate number of additional securities which may
be offered and issued under the 2021 Plan to prevent dilution from
stock splits, stock dividends or similar transactions as provided
in the 2021 Plan.
Mr. Zhe Wang, Chairman of the board of the directors and
Chief Executive Officer of the Company, commented, "We value our
employees' hard work and dedication that have been the bedrock of
our growth over the past years. The 2021 Plan is intended to
provide our employees the opportunity to participate as co-owners
of the Company and share the value they helped to create. We
anticipate that the 2021 plan will attract more insurance talents,
further strengthen our employees' commitment to the Company's
success, and create value to our stakeholders in the longer
run."
About TIAN RUIXIANG Holdings Ltd
TIAN RUIXIANG Holdings Ltd, headquartered in Beijing,
China, is an insurance broker
operating in China. It distributes a wide range of insurance
products, which are categorized into two major groups: (1) property
and casualty insurance, such as automobile insurance, commercial
property insurance, liability insurance; and (2) life insurance,
such as individual and group life insurances. Additionally, the
Company also provides risk management services to institutional
customers. For more information, visit the company's website
at http://ir.tianrx.com/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review risk factors that may affect its future results in the
Company's registration statement and in its other filings with the
SEC.
For investor and media enquiries, please
contact:
TIAN RUIXIANG Holdings Ltd
Investor Relations
Department
Email: ir@tianrx.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE TIAN RUIXIANG Holdings Ltd