REF HOLDINGS (ASX: 01631) has announced that on July 3, 2026, the company resolved to make an offer to grant share options to two participants under the share option scheme adopted on June 29, 2026.

The options are for the subscription of a total of 30.72 million ordinary shares with a par value of HK$0.01 each, equivalent to 10% of the total issued share capital as of the date of this announcement.

Of the options granted, those carrying the right to subscribe for 16.72 million shares have been awarded to Mr. Liu Wende, while options carrying the right to subscribe for 14 million shares have been granted to Ms. Zhao Heru.

The grant of the share options is conditional upon acceptance by the grantees and is subject to approval by the company's shareholders at an extraordinary general meeting.