Guangdong–Hong Kong Greater Bay Area Holdings (1396) Grants Award Shares Under Share Award Scheme

Bulletin Express
02/04

Guangdong–Hong Kong Greater Bay Area Holdings Limited (1396) reported a grant of 7,260,878 Award Shares, as disclosed on 4 February 2026. Of this total, 2,100,000 Award Shares went to certain Employee Participants and 5,160,878 Award Shares went to Service Providers. The newly granted shares account for about 0.63% of the company’s total issued shares as of the announcement date.

According to the details, the shares carry no purchase price and were granted based on a closing price of HK$6.66 per share on the grant date. The vesting period ranges from approximately 12 to 36 months, with no performance targets specified. A clawback mechanism applies under specified circumstances, and no financial assistance arrangements are provided for the grantees.

All 7,260,878 Award Shares will be satisfied through the issuance of new shares. After this grant, the remaining number of shares available for future grant under the Scheme Mandate Limit is 107,113,068, and under the Service Provider Sublimit is 6,276,516. The stated purpose is to align participants’ interests with the company’s growth and to incentivize and retain key contributors.

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