On 16 February 2026, Grace Wine Holdings Limited released a disclosure form announcing relevant share option dealings by Judy Chan on 9 February 2026. According to the document, Judy Chan is a Class (1) by virtue of class (2) of the definition of acting in concert associate connected with the offeree company, and the dealings were made for her own account.

Judy Chan exercised three sets of share options at an exercise price of US$0.1860 per share. The first set involved 1.00 million shares with an exercise period from 17 May 2022 to 16 May 2031 and option money paid of US$0.19 million. The second set covered 3.00 million shares, exercisable from 17 May 2023 to 16 May 2031, with option money paid of US$0.56 million. The third set involved 4.00 million shares, exercisable from 17 May 2024 to 16 May 2031, with option money paid of US$0.74 million.

Following these transactions, the resultant balance of the relevant securities was recorded as zero. The disclosure form was received by the Executive on 16 February 2026.