Mao Geping Cosmetics Co., Ltd. (Stock Code: 1318) has announced that on November 12, 2025, its board of directors resolved to propose the adoption of a Restricted Share Unit Incentive Scheme for its H shares. The purpose is to strengthen the company’s long-term incentive framework and align the interests of shareholders, core employees, and management.

Under the proposal, no new shares will be issued, yet the plan falls under the scope of Chapter 17 of the Hong Kong Listing Rules due to its use of existing shares. Accordingly, the scheme must comply with applicable disclosure requirements. While it is not subject to shareholders’ approval under the Listing Rules, the plan and its related matters still need shareholders’ endorsement in accordance with the company’s articles of association.

The considerations for the Restricted Share Unit Incentive Scheme—covering adoption of the plan, proper authorization to the board or its designees for handling its implementation, and establishment of performance assessment mechanisms—will be brought before an extraordinary general meeting for special resolutions. A circular with more details will be made available on the official websites of Hong Kong Exchanges and Clearing Limited and Mao Geping Cosmetics Co., Ltd. in due course.