Huabao International Holdings Limited (00336; the 「Company」) announced that its principal subsidiary, Huabao Flavours & Fragrances Co., Ltd. (「Huabao Flavours」), has proposed the 「2025 Restricted Share Incentive Scheme」 (the 「Scheme」). According to the Company’s board of directors, the Scheme is intended to enhance the long-term incentive framework of Huabao Flavours, attract and retain key personnel, and align the interests of shareholders and core team members.

The Scheme has been approved by the board of directors of Huabao Flavours, where directors who are eligible participants—namely Ms. Yuan Xiaoqin, Ms. Li Xiaojun, and Mr. Han Pengliang—abstained from voting. The board of the Company also approved the Scheme without any abstentions. Pursuant to relevant PRC laws and regulations, and in accordance with Rule 17.14 and Chapter 17 of the Hong Kong Listing Rules, the adoption of the Scheme requires approval at a general meeting of Huabao Flavours’ shareholders as well as at a special general meeting (SGM) of the Company’s shareholders.

A circular containing further information, including the notice of the forthcoming SGM, is expected to be dispatched in accordance with the requirements of the Hong Kong Listing Rules. If approved, the Scheme will serve to promote the long-term sustainable development of Huabao Flavours and support the overall growth of the Group.