Asiaray Media Group Limited (Asiaray Media) has awarded 416,667 existing shares—equivalent to roughly 0.09% of its current issued share capital—to Executive Director Mr. Kwan Tat Cheong under the company’s Share Award Scheme adopted on 17 May 2018.

The grant was made on 15 May 2026 with a nil purchase price. Based on the same-day closing price of HK$0.72 per share, the award is valued at about HK$0.30 million. All shares vest immediately, reflecting their treatment as part of Mr. Kwan’s remuneration package. Consistent with the pre-2023 terms of the Share Award Scheme, no minimum 12-month vesting period, performance targets, or clawback provisions apply.

The award, funded entirely by existing shares, has been approved by the Remuneration Committee, the Board, and all independent non-executive directors, with Mr. Kwan abstaining from voting. Following this grant, approximately 44.00 million shares remain available for future issuance under the scheme mandate limit.

Based on the 0.09% dilution, Asiaray Media’s implied total shares outstanding approximate 463 million. The company highlights that aligning executive interests with shareholders through equity incentives supports talent retention and long-term growth objectives.