On 17 October 2025, King’s Stone Holdings Group Limited (stock code: 1943) announced the granting of 27,000,000 new ordinary shares in the form of share options and 3,000,000 new ordinary shares in the form of share awards under its share scheme. The share options have an exercise price of HK$0.92 per share and are valid for 10 years, with a mixed vesting schedule ranging from 1 month to 12 months. According to the announcement, if all 27,000,000 share options are fully exercised, the company expects additional proceeds of around HK$25 million.

The share awards have no subscription price, with a similar mixed vesting schedule over 1 to 12 months. Both the share options and share awards were granted as part of a bonus arrangement and are aimed at recognizing past contributions while motivating and retaining core talents. The announcement highlights that no performance targets or clawback mechanisms are stipulated, aligning with the company’s approach of using future share price performance to reflect unified interests between management and the company.

A total of 27,000,000 share options and 3,000,000 share awards were allocated among executive directors: Chairman and Chief Executive Officer He Xin received 9,000,000 share options and 1,000,000 share awards, Executive Director Zeng Jingwen received 9,000,000 share options and 1,000,000 share awards, and Vice Chairman and Executive Director Chiu Sui Keung received 9,000,000 share options and 1,000,000 share awards. The announcement states these grants have been approved by the independent non-executive directors and that 70,000,000 shares remain available for future grants under the scheme.

The remuneration committee noted that recent placement proceeds were significantly lower than anticipated, fueling the decision to set the share option exercise price above the latest placing price and introduce a mixed vesting schedule. The grants are positioned to foster long-term alignment with the company’s goals, promote ongoing operational development, and strengthen management’s commitment during a key growth phase.