Pico Far East Holdings Limited announced the issuance of 7.12 million share options on 22 May 2026 under its 25 March 2022 share option scheme. The exercise price is HK$2.316, a 2.93% premium to the HK$2.250 closing price recorded on the grant date.

Of the total grant, 5.65 million options (79.40%) were allocated to executive directors: • Lawrence Chia Song Huat: 3.39 million • Jean Chia Yuan Jiun: 1.70 million • Mok Pui Keung: 0.57 million

The remaining 1.47 million options went to employees.

Vesting and exercise timetable • Options vest in four equal 25% tranches between 26 May 2026 and 1 November 2027. • Each vested tranche is exercisable up to 22 May 2031. • No performance targets are attached; however, options will lapse if a grantee’s employment terminates for misconduct or other specified grounds.

Post-grant, 91.19 million shares remain available for future issuance under the scheme.

The independent non-executive directors have approved the grants to executive directors. No financial assistance was provided to grantees for the purchase of shares.