China Beststudy Education Group (Beststudy Edu) has approved the grant of 13.45 million restricted share units (RSUs) to 144 employees, including three connected persons, under its 2018 RSU Scheme. The award, resolved by the board on 28 May 2026, equals about 1.58% of the company’s 847.22 million issued shares.

All shares underlying the grant will be acquired by the scheme’s trustee in the open market at a purchase price of HK$1.68 per share, avoiding any dilution for existing shareholders. Beststudy Edu’s shares closed at HK$3.37 on the grant date.

Vesting Schedule and Performance Conditions • 50% of the RSUs will vest in May 2027, 30% in May 2028 and the remaining 20% in May 2029. • Vesting is contingent on both company-level performance indicators and individual performance metrics. • Unmet conditions will trigger automatic forfeiture under the scheme’s claw-back provisions. • The company has provided no financial assistance for share purchases.

Connected Persons Allocation A total of 2.38 million RSUs were awarded to three connected grantees: • Executive Director Ms. Weiying Guan – 1.30 million RSUs (0.15% of issued shares) • Subsidiary Director Ms. Xiaohong Huang – 0.68 million RSUs (0.07%) • Subsidiary Director Mr. Wenhai Deng – 0.40 million RSUs (0.04%)

As these RSUs form part of the recipients’ remuneration packages and no new shares will be issued, the transactions are classified as connected but are exempt from reporting, announcement and independent shareholders’ approval under Hong Kong Listing Rules 14A.73(6) and 14A.95.

Scheme Capacity The trustee currently holds 114.79 million shares for the scheme, of which 34.30 million have vested and await transfer. Upon satisfaction of vesting conditions, 13.45 million shares will be delivered to the grantees, leaving a balance of unallocated shares under the scheme.

The board, with independent non-executive directors’ approval, passed the RSU grant; Ms. Weiying Guan abstained from voting on her own allocation. No other directors, chief executives or substantial shareholders are included among the grantees, and individual limits under Listing Rule 17.03D remain unexceeded.