Meituan, listed on the Hong Kong Stock Exchange under stock codes 3690 (HKD counter) and 83690 (RMB counter), granted an aggregate of 11,828,615 restricted share units (RSUs) pursuant to its Post-IPO Share Award Scheme on October 28, 2025. Of these, 11,814,806 RSUs were allocated to certain employee participants of the group and 13,809 RSUs were granted to specified service providers.

According to the announcement, there is no purchase price for the granted RSUs. The market price of the Class B shares on the grant date was HK$100.00, and performance targets are not applied to the grants. The total vesting period for the employee participants ranges from approximately 23 to 48 months, while the service providers’ RSUs vest over about 47 months. In each case, the earliest vesting point is no less than 12 months from the grant date. A clawback mechanism is in place if a grantee is convicted of a criminal offense or breaches relevant covenant terms.

Meituan considers this move aligns the interests of recipients with the group’s long-term growth. After the grant, 436,347,898 underlying shares remain available for future awards within the scheme limit, with 62,244,547 underlying shares still available under the service provider sublimit. The issued RSUs are satisfied by either new shares or treasury shares. The company states that no shareholder approval is required for this grant, and none of the grantees fall under classifications that would trigger additional listing rule requirements.