Jiumaojiu international grants 31m share options to employees

On September 24, 2025, Jiumaojiu International Holdings Limited granted 31,286,000 share options to 158 grantees under its Share Option Scheme. These options, representing approximately 2.24% of the company's issued share capital, are exercisable at HK$2.16 per share. The exercise price was determined as the highest of the closing price on the grant date (HK$2.02), the five-day average closing price (HK$2.16), and the nominal value ($0.0000001).

The Share Options will vest on the first anniversary of the grant date (September 24, 2026), with an exercise period of four years thereafter. The number of vested options is linked to the individual performance grades of the grantees. Of the total, 6,603,000 options were granted to directors and their associates, including 490,000 to chairman Guan Yihong and 2,672,000 to chief executive He Chengxiao.

The remaining 24,683,000 options were distributed among 154 other employees. Following this grant, 78,039,300 shares remain available for future grants under the Share Option Scheme mandate.