Black Sesame International Holding Limited (2533) announced the granting of 659,000 share awards on October 21, 2025, under its Post-IPO Share Plan. Eighteen employees received these awards without any purchase price. The closing price of the company’s shares on the grant date was HK$21.08 per share.

According to the vesting schedule, 25% of the awards will vest one year from the commencement date, with the remaining 75% vesting in three equal annual portions. The awards are subject to clawback arrangements, particularly in cases involving resignation, misconduct, or circumstances warranting an employer’s summary dismissal. The time-based vesting structure does not attach specific performance targets.

Upon vesting, the 659,000 newly issued shares will be allotted to designated entities under the Post-IPO Share Plan. As of the grant date, 38,014,282 shares, representing approximately 5.94% of the company’s total issued shares, remain available for grant under this plan. The company stated that the awards aim to recognize and motivate contributing personnel and to align their interests more closely with those of its shareholders.