Maoyan Entertainment grants restricted share units to employees

Maoyan Entertainment announced on May 6, 2025, the grant of 400,000 restricted share units ("RSUs") to certain employee participants. These RSUs represent approximately 0.035% of the total issued shares. Vesting will occur in stages, with 50% vesting on the second anniversary of the grant date and the remainder vesting equally over the third and fourth anniversaries. The vesting will be funded solely by newly issued shares. The closing price of the shares on the grant date was HK$6.660, with an average closing price of HK$6.718 over the five preceding business days. The purpose of the grant is to incentivize and reward employees, aligning their interests with those of the Company and its shareholders. The company has 13,358,660 shares available for future grants pursuant to the RSU Scheme.