Wai Hung Group Holdings Limited announced on 20 March 2026 that it has granted 50.00 million share options to directors and employees under the share option scheme adopted on 18 March 2019. The award exhausts the remaining mandate of the plan, leaving no shares available for future grants.

The options carry an exercise price of HK$0.049 per share, set as the highest of: 1) the HK$0.01 nominal value, 2) the HK$0.047 closing price on the Hong Kong Stock Exchange (HKEX) on the grant date, and 3) the HK$0.049 average closing price over the five trading days preceding the grant.

Key terms include: • Total options granted: 50.00 million, each convertible into one ordinary share. • Closing price on grant date: HK$0.047 per share. • Validity: 10 years from 20 March 2026. • Vesting: 100 % on the first anniversary of the grant date. • Consideration: HK$1.00 payable by each grantee upon acceptance. • Performance / clawback: No performance targets or specific clawback provisions beyond standard lapse and cancellation events stipulated in the scheme. • Financial assistance: None provided to grantees.

Management allocation totals 24.00 million options: • Executive Directors – Mr. Yau Yik Ming Leao (6.00 million), Mr. Song Yanyang (6.00 million), Ms. Chen Jianyu (3.00 million), and Mr. Kwan Hung Chun Curtus (3.00 million). • Chief Financial Officer – Mr. Cheung Tai Chi (6.00 million).

The grants to directors were approved by the company’s independent non-executive directors, complying with Rule 17.04(1) of the HKEX Listing Rules.

Following this issuance, the share option scheme’s current mandate capacity is fully utilised, with zero shares remaining for future option grants.