Busy Ming Group Co., Ltd. (Busy Ming) disclosed that its Board resolved on 31 March 2026 to put forward the 2026 H Share Award Scheme for shareholder consideration at an upcoming general meeting.

The scheme’s objectives are to attract and retain key talent, reward past contributions, reinforce long-term remuneration incentives, and align employee interests with those of shareholders.

Award shares may come from three sources: 1) newly issued H shares; 2) any treasury shares held by the company; and/or 3) H shares purchased on- or off-market by an appointed trustee.

Because the initiative involves new share issuance, it falls under Chapter 17 of the Hong Kong Listing Rules. In line with those rules, no awards linked to new share issuance will be granted within six months of Busy Ming’s H-share listing date of 28 January 2026.

Implementation is conditional on two approvals: • a special resolution by shareholders authorising adoption of the scheme and empowering the Board (or its delegate) to grant awards and handle related equity issuance; and • clearance from the Stock Exchange’s Listing Committee for the listing and trading of any new H shares issued under the plan.

A circular containing full scheme details, the proposed Board authorization, notice of the general meeting, and proxy form will be distributed and posted on the HKEX and company websites as soon as practicable. The announcement reiterates that the scheme remains subject to shareholder approval and advises investors to exercise caution in share dealings.