Tencent Holdings Limited (the “Company”) announced on 14 November 2025 the grant of 20,287 share options (“Options”) to certain employees in accordance with its Share Option Scheme. The exercise price is HKD649.3 per share, compared to a closing price of HKD641 per share on the grant date. The Options are valid for seven years from the date of grant, with a total vesting period of approximately 35 months.

According to the announcement, the Options will vest in several batches. Some employees have a shortened gap between the grant date and the first vesting date due to administrative delays, which aligns with the Company’s goal to retain, incentivize, and reward key contributors. The Remuneration Committee has determined that the decision to grant Options without performance targets is appropriate given that the recipients’ ongoing work and retention are already pivotal to the Group’s long-term development.

The clawback policy for misconduct or fraud states that any Options granted will lapse if the holder’s employment is terminated by the Company for specified reasons, such as serious misconduct or criminal offense. Following the grant, the Company reports that 255,165,461 shares remain available for future grants under the Share Option Scheme, and 958,794 shares remain available for grants under the Service Providers sub-limit.

The Company states that the grant of Options is a measure to recognize employee contributions to the Group’s success and to maintain alignment between employee interests and the Company’s future growth.