ES SERVICES (01995) announced that its board of directors has resolved to adopt the 2025 Share Option Scheme. On November 13, 2025, the board also approved (i) granting 32.8 million share options to three executive directors—Mr. Zhou Hongbin, Mr. Lin Zhubo, and Mr. Zhou Di—under the 2025 Share Option Scheme; and (ii) granting a total of 27.8 million share options to 29 other employee participants who are not directors, senior executives, or major shareholders, subject to the scheme's effectiveness.

The board believes that the current trading price of the company's shares does not fully reflect its intrinsic value. Therefore, depending on market conditions and actual needs, the board may repurchase up to 172,855,400 shares (10% of the total issued shares as of the annual general meeting date) in the open market under the general mandate granted by shareholders at the AGM. The repurchase will be funded by the group's available cash reserves. The repurchased shares will either be held as treasury stock for the 2025 Share Option Scheme or canceled.