JD Logistics (02618) has approved a new grant of 4,250,355 share awards to employees (excluding directors and senior management) under its Post-IPO Share Award Scheme. The awards, dated 1 April 2026, represent approximately 0.06% of the company’s issued share capital. Based on the grant-date market price of HK$14.14 per share, the notional value of the allocation is about HK$60.10 million.

Key terms • Consideration: Nil; shares will be transferred to recipients at no cost via the scheme trustee. • Vesting schedule: – 3,621 shares vest over 0.25–1.25 years. – 8,763 shares vest over 0.25–2.25 years. – 1,125,938 shares vest over 0.25–3.25 years. – 3,112,033 shares vest over 1–4 years. (Note: 182,666 shares have a vesting period shorter than 12 months due to staggered administrative grants.) • Performance conditions: None. • Claw-back: Awards may be forfeited or cancelled upon termination for cause, integrity-related criminal conviction, or conduct damaging to the group, and are also subject to any future statutory or group-level claw-back requirements.

Scheme capacity After this allocation, 443.10 million shares remain available for future grants within the scheme’s overall mandate of 609.16 million shares (3% annual limit of issued shares).

Administrative adjustments to earlier grants For cost and personnel-related reasons, the scheme administrator resolved on 1 April 2026 to satisfy 92,500 previously granted award shares (granted on 1 April 2023, 1 July 2023, 1 April 2024 and 1 April 2025) with existing shares rather than new shares. All other terms of those grants are unchanged.

Capital impact The new awards may involve the issue of up to 4,250,355 new shares, already cleared for listing. The shares will rank pari passu with existing shares, and the trustee will not exercise voting rights while holding them. No cash proceeds will be raised from the issuance.