Horizon Robotics announced that on 24 April 2026 the Board granted 59.20 million share awards, equal to the same number of new Class B ordinary shares, under the Post-IPO Share Incentive Plan.

The awards were allotted to 1,073 participants, comprising 59.01 million shares to 1,070 employees and 0.19 million shares to three related-entity grantees. The awards carry no purchase price, while each grantee will pay HK$1.00 on acceptance.

Key parameters • Grant date share price: HK$7.64 • Vesting: staged over approximately 12–48 months; the first tranche for employees may vest within 12 months, while related-entity awards begin vesting on the first anniversary of the grant date. • Performance conditions: none. • Clawback: the Board retains full discretion to cancel or reclaim unvested or vested awards in cases such as termination for cause, regulatory breaches, fraud, or material misstatement. • Financial assistance: none provided.

Post-grant headroom Following the issue, 446.94 million Class B shares remain available under the overall scheme mandate, with 128.80 million shares still available within the service-provider sub-limit.

Regulatory position The Listing Committee has previously approved the listing of shares issuable under the plan. No grantee exceeds the individual or service-provider award limits set by Hong Kong Listing Rules, and shareholder approval is not required for this grant.

Purpose The Board stated that the awards are intended to align the interests of key talent and strategic partners with long-term shareholder value and to reward past contributions to the Group’s development.