AGTech Holdings Limited (AGTech, 08279) has allocated 45.80 million existing shares to 68 executives and employees under its Share Award Scheme, according to a board announcement dated 22 June 2026. The grant follows the scheme’s adoption in March 2017 and carries no consideration for recipients.

The distribution is as follows: • Executive Chairman & CEO Sun Ho: 6.00 million shares • Executive Director Hu Taoye: 1.80 million shares • Four directors of subsidiaries: 5.00 million shares in aggregate • 62 employees: 33.00 million shares

Based on the closing price of HK$0.74 per share on the grant date, the total market value of the awards is approximately HK$33.89 million. All shares will be purchased on-market by the scheme trustee using AGTech’s cash resources, ensuring no issuance of new shares and therefore no dilution to existing shareholders.

The awards will vest over a four-year period. For 47 employees receiving a combined 18.80 million shares, vesting is contingent on meeting performance targets for the financial year ending 31 March 2027; unachieved targets will result in forfeiture. The remaining awards are not subject to performance conditions. A claw-back clause permits the company to repurchase vested shares at no consideration in cases such as termination for cause or competitive misconduct.

The remuneration committee and the board—including independent non-executive directors—approved all grants. Awards to executive directors and subsidiary directors constitute connected transactions under GEM Listing Rules but are exempt from further reporting and shareholder approval requirements as part of their remuneration packages.

AGTech states that the share awards aim to attract, retain and incentivize talent to support the Group’s ongoing development and expansion strategies.