ZIBUYU (02420) announced that on December 18, 2025, 5 million award shares (representing 1% of the company's total issued shares as of the announcement date, excluding treasury shares) were granted to Mr. Chen Caixiong, the company's Executive Director and Chief Executive Officer (the "Grantee"), under the Share Award Scheme. The grant was determined based on Mr. Chen's contributions to the company's development during his tenure. Under his leadership, the company achieved a turnaround in 2024 through comprehensive strategic reforms and refined operations, followed by sustained growth in the first half of 2025, with significant improvements in profitability and operational efficiency. Each award share entitles the Grantee to receive one ordinary share upon vesting, along with any distributions attributable to such shares.