Mobvoi Inc. (Hong Kong listed) has approved the award of 46.20 million restricted share units (RSUs) under its Post-IPO RSU Scheme, according to a board announcement dated 28 July 2026.

Key terms and allocation • Total RSUs granted: 46.20 million Award Shares, equivalent to HK$14.78 million based on the HK$0.32 closing price on the grant date. • Participants: 16 grantees comprising 15 employees and one service provider. • Directors’ portion: 30.98 million Award Shares (HK$9.91 million), split equally between executive directors and co-founders Dr. Li Zhifei and Ms. Li Yuanyuan (15.49 million shares each, c. 0.99% of issued share capital per director). • Other employees: 14.92 million shares (HK$4.77 million) allocated across 13 staff members. • Service provider: 0.30 million shares (HK$0.10 million) granted to an external consultant supporting operational strategy and business expansion. • Purchase price: Nil.

Vesting arrangements • Directors: Four equal annual tranches (25% each year) over four years, starting from the first anniversary of the grant. • Remaining employees and service provider: Two equal tranches (50% each year) over two years. • No preset performance targets or claw-back provisions have been imposed; the board believes the share-price linkage and vesting periods sufficiently align interests and incentivise long-term commitment.

Regulatory and shareholder approvals • Independent non-executive directors have approved the grants. • Because each director’s award exceeds 0.1% of issued shares, the grants to Dr. Li and Ms. Li require approval from independent shareholders at an upcoming extraordinary general meeting (EGM); the two directors and their associates will abstain from voting.

Scheme capacity • Initial Post-IPO RSU Scheme limit: 82.03 million shares (5.5% of issued capital). • Shares remaining for future grants after this award: 23.17 million. • Service-provider sub-limit: 7.46 million shares; 7.16 million remain available post-grant.

Rationale The board states the awards form part of the remuneration framework, recognising past contributions, promoting retention and aligning management, key employees and a strategic consultant with long-term shareholder value.

No financial assistance is being provided to participants for acquiring the shares. The company cautions shareholders and investors to consider the requirement for EGM approval when dealing in its securities.