Bairong Inc. (6608) announced that on January 27, 2026, it granted an aggregate of 9,251,500 share awards under its 2024 Share Scheme, equivalent to approximately 2.41% of its total Class B shares in issue. The awards were allocated to employees and service providers, including 9,140,500 shares for employees (excluding senior management and directors) and 111,000 for service providers.

According to the announcement, the share awards will vest in stages between January 27, 2027 and January 27, 2030, subject to performance targets. The company reported a clawback mechanism applicable under circumstances such as serious misconduct. It stated that the reason for offering the awards is to provide non-cash incentives aimed at attracting and retaining talent while aligning the interests of participants with the company and its shareholders.

The grant will be satisfied by issuing new Class B shares and/or transferring existing treasury shares, in accordance with the 2024 Share Scheme’s mandate limits. Following the grant, 38,682,996 Class B shares remain available under the scheme mandate limit, with 4,799,299 shares left under the service provider sublimit. None of the grantees are directors or substantial shareholders, and the grant does not require shareholder approval. The announcement confirmed no financial assistance will be provided for acquiring the shares.