Hong Kong-listed Meitu Inc. disclosed that its board on 1 October 2026 approved the issue of 8.12 million share awards—equal to approximately 0.18% of total shares in issue (excluding treasury shares)—under the company’s Share Award Scheme.

Of the total grant, 7.00 million share awards (0.15% of share capital) were allocated to Chairman, Executive Director and CEO Mr Wu Zeyuan pursuant to the 2024 CEO Incentive Plan. The package comprises:

• 4.50 million shares vesting 12 months from the grant date (1 October 2027), to be settled through newly issued and/or treasury shares. • 2.50 million shares vesting 18 months from the grant date (1 April 2028), to be satisfied via on-market share purchases by the plan trustee.

No performance conditions are attached to either tranche. Each award entitles Mr Wu to one share at a nil purchase price. The company’s shares closed at HKD 3.815 on 30 September 2026, the last trading day before the grant date.

An additional 1.12 million share awards (0.02% of outstanding shares) were granted to selected employees. These awards will vest in equal annual instalments over 24 months from the grant date and will be settled through new or treasury shares; the precise split will be determined in December 2026. Similar to the CEO’s awards, no performance targets apply.

Post-grant, Meitu reports that 385.97 million shares remain available for future distribution under the Share Award Scheme, including 44.95 million reserved for service providers.

The remuneration committee concluded that the terms of Mr Wu’s grant are market-competitive, align management and shareholder interests, and conform to the scheme’s objectives. Independent non-executive directors have approved the award. The company confirmed the issuance stays within the Listing Rules’ 0.1% annual limit for individual grantees.

Any unvested awards will lapse if a recipient leaves the group (except on retirement) or becomes insolvent, unless the board decides otherwise.