Fenbi Ltd. (Fenbi) has disclosed its Monthly Return for Equity Issuers for March 2026, confirming a marginal uptick in issued share capital following employee option exercises.

Share Capital Overview • Authorised capital remained unchanged at 5.00 billion ordinary shares with a par value of USD 0.00001 each, representing total authorised capital of USD 50,000. • Issued shares (excluding treasury stock) rose by 0.68 million to 2.21 billion, a 0.03% month-on-month increase. Total issued shares, including treasury stock, reached 2.24 billion. • Treasury shares were unchanged at 30.56 million.

Public Float • Fenbi reconfirmed compliance with the Hong Kong Stock Exchange’s minimum 25% public-float requirement as of 31 March 2026.

Equity Incentive Activity • Pre-IPO Share Option Scheme: 0.68 million options were exercised, leading to the issuance of an equal number of new shares and generating USD 6.83 in proceeds. Outstanding options under this scheme declined to 11.85 million. • 2023 Share Option Scheme: No grants or exercises occurred during the month; 173.25 million shares remain available for future issuance. • 2023 Restricted Share Unit (RSU) Scheme: No RSUs were issued or vested in March. Up to 225.37 million shares can still be allotted under the scheme.

Potential Dilution • Cumulatively, unexercised options and unvested RSUs could add up to 398.62 million shares, equivalent to approximately 18.06% of current issued shares (excluding treasury stock).

Compliance Statement The company affirmed that all share issuances were duly authorised, funds received, and all regulatory conditions satisfied, as per Main Board Rule 13.25C requirements.