Meitu, Inc. announced that on 1 April 2026 it granted 16.46 million share awards—about 0.36% of the company’s issued share capital (excluding treasury shares)—under its Share Award Scheme.

Of the total awards, 16.23 million units went to employees and 0.22 million units to service providers engaged in Meitu’s core overseas operations. Each award carries a nil exercise price and represents the right to receive one ordinary share.

Vesting is structured as follows: • Special Grant portion—1 April 2027 (12 months after grant). • Remaining awards—equally over the subsequent 24 months.

Settlement will be a mix of newly issued shares and transfers of treasury shares, with final proportions to be set by the board in December 2026. The shares closed at HKD 4.41 on the grant date.

According to the board, the incentive aligns recipients’ interests with shareholders, rewards their contribution to the 2025 adjusted net profit growth, and preserves cash while attracting overseas talent through equity compensation.

Compliance checks confirm no grantee is a director, chief executive, senior manager or substantial shareholder, and all individual and service-provider limits under Hong Kong Listing Rules remain intact.

Following this grant, 392.51 million shares remain available under the Share Award Scheme, including 44.95 million reserved for future service-provider incentives.