Zixin shares closed at 3.2 cents on Sept 18.
Zixin Group Holdings plans to grant 889 million share options with an exercise price of 3 cents to a group of investors led by executive chairman and CEO Liang Chengwang. The share options can be exercised up till five years from the issue date.
In total, if all the options are exercised, these investors will be chipping in up to $26.67 million.
