YSB Inc. announced that on 24 March 2026 it granted a total of 32.55 million share options to two executive directors—Chairman & CEO Buzhen Zhang and CFO & joint company secretary Fei Chen—under the 2023 Share Incentive Plan.

• Allocation and dilution – Zhang received 26.04 million options, equal to about 3.80 % of the company’s issued shares. – Chen received 6.51 million options, equal to about 0.95 %.

• Exercise terms – Exercise price: HK$4.608 per share, set at the higher of (i) the 24 March close of HK$4.460, (ii) the five-day average close of HK$4.608, and (iii) par value. – Exercise window: up to 10 years from the grant date; unexercised options lapse thereafter.

• Performance-linked vesting schedule Options vest in three tiers once the company’s average market capitalisation meets preset thresholds for any 10 consecutive trading days: – Tier 1: HK$12.00 billion — 0.60 % of shares for Zhang; 0.20 % for Chen. – Tier 2: HK$20.00 billion — 1.20 % for Zhang; 0.30 % for Chen. – Tier 3: HK$30.00 billion — 2.00 % for Zhang; 0.45 % for Chen. If a higher tier is achieved first, cumulative lower-tier options vest simultaneously. Options failing to meet conditions within 10 years lapse. A claw-back mechanism allows the board to cancel or recoup options if serious misconduct or certain termination events occur.

• Plan capacity After this grant, 1.51 million existing shares remain available for future awards under the plan’s non-diluting mandate limit (5 % of shares in issue on 31 December 2025).

• Governance and listing-rules treatment The awards constitute connected transactions but fall within remuneration exemptions under Hong Kong Listing Rules; therefore, no independent shareholders’ approval is required. Zhang and Chen abstained from the board vote approving their grants.

The board stated the incentives aim to align management interests with shareholders, reward past contributions and drive long-term growth.