TSUGAMI CHINA (01651) granted a total of 270,600 awarded shares on 6 March 2026 to 56 grantees, including 69,200 shares for six directors and one connected employee. These shares are existing shares acquired from the secondary market and will vest on 6 March 2031 if the grantees remain with the group or related entities. Based on a closing price of HK$38.00 per share on the date of grant, the total value of these awarded shares is approximately HK$10.28 million. Following this allocation, 663,400 shares remain held by the trustee for future grants, while 17,948,640 shares are still available under the scheme limit.

The board also approved amendments to the scheme rules, entitling grantees to dividends declared prior to vesting, which are paid via a dividend equivalent at the time dividends are declared. According to the announcement, no new shares will be issued, and the arrangement will not result in shareholding dilution. These revisions aim to align grantees’ interests with shareholders, enhance talent retention, and recognize contributions to the company’s performance.