Fenbi Ltd. announced that on 1 April 2026 the board granted 10.20 million restricted share units (RSUs), representing the same number of ordinary shares, to 185 employees under the 2023 RSU Scheme. The awards carry a nil purchase price and were made when the company’s shares closed at HK$1.12 on the grant date.

The allocation comprises two tranches: • 1st Batch – 5.32 million RSUs to three senior employees, with 25% vesting immediately, and the balance vesting equally on the first, second and third anniversaries of the grant date. • 2nd Batch – 4.88 million RSUs to 182 employees, vesting evenly over the first to fourth anniversaries of the grant date.

No performance targets are attached. Management stated that the grants are intended to enhance retention, align employee and shareholder interests, and recognise past contributions. Vesting is conditional on the grantee remaining an eligible participant, and a clawback mechanism applies in cases of misconduct, summary dismissal, criminal conviction or other disqualifying events.

None of the grantees is a director, chief executive, substantial shareholder, related entity participant or service provider whose awards would breach individual or aggregate limits under the Hong Kong Listing Rules; therefore no shareholder approval is required.

Following this grant, 152.59 million shares remain available for future awards under the overall scheme mandate limit, with 22.54 million shares still available under the service-provider sub-limit.