Phancy Group Co., Ltd. (PHANCY) has granted 4.12 million share options to five employees under its Share Option Scheme adopted on 19 September 2024.

The options were issued on 1 April 2026 at an exercise price of HK$37.34 per H share, matching the closing price on the grant date and exceeding the five-day average closing price of HK$35.91. Each option entitles the holder to subscribe for one H share.

Vesting is performance-linked and will occur in four equal tranches—25 % on each anniversary of the grant date over four years. Once vested, options can be exercised within a four-year window; any unexercised portion will lapse at the end of that period.

The award is subject to the scheme’s clawback provisions, including lapse upon termination of employment. No financial assistance has been provided to recipients for share purchases.

Board information confirms that none of the grantees are directors, chief executives, substantial shareholders, related parties, or service providers exceeding individual limits under Hong Kong Listing Rule 17.03D.

Following this grant, 4.26 million H shares remain available for future awards under the scheme.