Be Friends Holding Limited announced that on 10 April 2026 it granted 6.45 million awarded shares at no purchase cost to eight selected participants within the group under its Share Award Plan.

Of the total, 5.85 million shares were allocated to seven senior employees across business and functional departments, while 0.60 million shares were granted to one Senior Manager recognised for strengthening digital operations and establishing a standardised management system.

The shares will vest in three tranches—34% by 30 April 2027, 33% by 28 April 2028 and the remaining 33% by 30 April 2029—conditional on the achievement of individualised quarterly and annual performance targets such as operational data analysis efficiency, settled revenue, settled GMV, risk control effectiveness and project completion rates.

A comprehensive claw-back mechanism allows the board to cancel unvested awards in cases of contract breaches, misconduct, material misstatements or other specified adverse events. Neither the selected participants nor the trustee may exercise voting rights on unvested shares.

Following this grant, 18.92 million shares remain available for future awards under the overall plan mandate, with 5.36 million shares still available under the service provider sub-limit. No directors, chief executives, substantial shareholders or their associates were included in the current award, and the company will not provide financial assistance for share purchases.

Management stated that settling the awards through new share issuances and previously lapsed shares avoids material cash outflows and aligns employee incentives with the company’s long-term strategic objectives.