Zai Lab Ltd., a Cayman Islands-incorporated company listed on the Main Board of the Stock Exchange and NASDAQ, has announced the grant of share options and restricted share units under its 2024 Equity Incentive Plan. As of the Date of Grant, June 3, 2025, 82,625,443 shares remain available for future grants. The Company granted options to subscribe for a total of 2,500 American Depositary Shares (ADSs) to one grantee and awarded restricted share units covering 4,104 ADSs to three grantees. Notably, the grants are not tied to performance targets or subject to a clawback mechanism, though they are subject to tax withholding as per the plan's terms. The Compensation Committee of Zai Lab's Board believes this approach is competitive and aligns with the plan's objectives.