Baozun grants 129,000 RSUs to employees

Baozun Inc. announced on September 2, 2025, the grant of 129,000 Restricted Share Unit (RSU) awards to nine employees under its 2022 share incentive plan. These RSUs correspond to 129,000 Class A ordinary shares or 43,000 American Depository Shares (ADSs) of the company. The grantees, all employees of the group, are not required to pay any purchase price for the shares.

The RSUs are subject to performance review and satisfaction of certain milestones, including revenue and profit growth. All granted RSUs are scheduled to vest on January 1, 2028. The closing price of the shares on the grant date was HK$8.4 per share, while ADSs traded at $3.39 per ADS on August 29, 2025.

As of the announcement date, 6,290,126 shares remain available for future grants under the 2022 plan, with 524,652 shares specifically available for service providers. The RSUs are also subject to clawback provisions for serious misconduct or material loss to the group.