Ali Pictures awards shares, appoints new joint company secretary

On September 19, 2025, Ali Pictures granted a total of 4,480,000 awarded shares at nil consideration to seven selected employees under its Share Award Scheme. These shares will vest over four years, with one-fourth vesting on October 1, 2026, and the remainder evenly vesting on October 1 of each of the following three years. The closing price of the shares on the grant date was HK$1.080, and the grant represents approximately 0.015% of the total issued shares.

Concurrently, Ms. Zhang Ying resigned as joint company secretary, effective September 19, 2025, and Ms. Sun Yan was appointed as her replacement. Ms. Ng Wing Shan will continue as the other joint company secretary. The Stock Exchange granted a waiver from strict compliance with Listing Rules 3.28 and 8.17 for Ms. Sun's qualifications, on condition that Ms. Ng assists her for a three-year "Waiver Period" and the company demonstrates Ms. Sun's capability before the period ends.