POP MART INTERNATIONAL GROUP LIMITED announced that on 28 May 2026 it granted 588,982 share awards—equivalent to the same number of underlying shares—under its Post-IPO Share Award Scheme.

Of the total awards, 277,934 were allotted to Executive Director and Chief Operating Officer Mr. Si De, while 311,048 were distributed among 19 employees, including two senior management members. The awards carry a nil purchase price. The closing price of POP MART shares on the grant date was HK$161.50.

Vesting is structured in tranches: 1) Awards to Mr. Si De and 307,346 awards to employees will vest on 20 April 2027, 2028, 2029 and 2030. 2) A separate block of 3,702 awards to one employee will vest on 20 April 2028, 2029 and 2030.

Each vesting tranche is conditional on the grantee meeting pre-set performance thresholds. Claw-back provisions allow the company to lapse unvested shares and reclaim proceeds or vested shares if a participant is dismissed for cause, convicted of integrity-related offences, manipulates financial statements, or breaches award-letter covenants.

The board cited the need to reward past contributions, align management interests with shareholders and retain key talent as reasons for the grant. Existing shares held by the scheme trustee and/or new share issuances will fund settlement of the awards.

Post-grant, 129.99 million shares remain available under the scheme mandate limit and 13.61 million under the service-provider sub-limit approved at the 17 May 2023 AGM. The award to Mr. Si De was approved by the board, including independent non-executive directors, pursuant to Listing Rule 17.04(1). No grantee exceeds the individual or service-provider limits requiring separate shareholder approval.