Xtep grants 50m shares in 2025 award scheme

Xtep International Holdings Limited granted awards involving 50,000,000 shares on September 5, 2025, under its 2025 Share Award Scheme. These shares, representing approximately 1.80% of total shares in issue, were distributed to over 100 selected participants. Employee participants received 45,000,000 awarded shares, while service provider participants received 5,000,000 awarded shares. The closing price of shares on the grant date was HK$6.37 per share.

The vesting period for these awards is split, with 30% vesting on September 30, 2026, and the remaining 70% on May 31, 2028. Vesting is contingent on meeting performance targets, including individual, company-wide, and departmental performance, as well as contribution to revenue growth for service provider participants. Ms. Ding Lizhi, the group's cfo and vice president, received 1,000,000 awarded shares, a grant approved by independent non-executive directors.

The purpose of these awards is to align participant interests with the group's, acknowledge contributions, and attract, motivate, and retain essential talent for long-term growth. The grant will be satisfied by issuing 20,000,000 new shares and transferring 30,000,000 existing shares from the 2014 Trust to the 2025 Share Award Scheme trust. This grant does not require shareholder approval in a general meeting.