On 16 February 2026, China HK Power Smart Energy Group Limited (931) announced a supplemental agreement regarding the 1.00 billion Director Options previously conditionally granted to CEO Mr. Deng on 13 January 2026. The company introduced performance targets tied to net profit and market capitalization, amending earlier vesting terms that initially had no performance requirements.

Under the supplemental arrangement, the market capitalization as at the grant date is set at HK$3.58 billion. Each tranche of the Director Options will vest upon meeting specified performance milestones. The first 30% is contingent on the company achieving a net profit turnaround in the audited financial statements for the year ended 31 March 2028 and a 30% rise in adjusted market capitalization to at least HK$4.66 billion by 13 January 2028. The second 30% depends on maintaining or achieving net profit by 31 March 2029 and ensuring market capitalization does not drop more than 10% from the second anniversary date. The remaining 40% relies on meeting similar net profit and market capitalization stability objectives for the financial year ended 31 March 2030.

The relevant net profit figure will exclude non-operating and capital items to reflect core business performance. Exercise of the options is subject to confirmation in the audited annual results. Further details will be provided in a circular expected to be dispatched on or before 6 March 2026. The company’s board and Remuneration Committee believe these measures will align the CEO’s interests with shareholder value and strengthen long-term operational aims.