Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of the announcement dated 16 February 2026. According to that announcement, Budweiser Brewing Company APAC Limited granted a maximum of 11.60 million locked-up shares as Voluntary Shares and 10.56 million Restricted Stock Units (RSUs) under its Share-Based Compensation Plan adopted on 9 September 2019 and amended on 8 May 2023.

The Voluntary Shares and RSUs were offered to certain eligible employees. Those opting to receive annual bonuses as Voluntary Shares will receive a discount on the value of the shares via RSUs and, in addition, “matching” RSUs. The final numbers of Voluntary Shares and RSUs will be determined on or around 31 March 2026. The lock-up period for Voluntary Shares and vesting period for RSUs are each three years, and the RSUs are subject to malus provisions but carry no performance conditions. The purchase price of Voluntary Shares is HK$7.94 per share, with no cost for RSUs, and the market price on the grant date was HK$7.90. An Executive Director and Chief Executive Officer of the company received 0.60 million Voluntary Shares and 0.82 million RSUs, while other connected and non-connected employees received the rest.

If new shares are used to satisfy these grants, 1.19 billion shares remain available for future grants under the Scheme Mandate Limit; if existing shares are used, 1.32 billion shares remain available. The company’s Independent Non-executive Directors and Remuneration Committee approved the grant of Voluntary Shares and RSUs to the Executive Director. These grants replace equivalent cash bonuses and aim to align employee interests more closely with the company’s future development and expansion.