Bilibili grants restricted share units to employees

Bilibili Inc. disclosed on September 25, 2025, the grant of 2,077,820 Restricted Share Units (RSUs) to 151 employees. This issuance, made under the Second Amended and Restated 2018 Share Incentive Plan, represents approximately 0.50% of the total Class Z Ordinary Shares currently in issue. The RSUs were granted at a purchase price of Nil, with the market price of Class Z Ordinary Shares on the grant date being HK$211.20 per share. The vesting period for these RSUs is set between September 25, 2026, and September 25, 2029, without additional performance targets.

The grants aim to enhance shareholder value and provide incentives for outstanding performance, fostering employee loyalty and contribution to the company's success. The RSUs will be satisfied using Class Z Ordinary Shares reserved for future issuance under the company's share incentive plans. Following this grant, Bilibili retains the ability to issue further awards totaling 30,719,174 Class Z Ordinary Shares under its Scheme Limit.

Importantly, these grants do not require shareholder approval and none of the recipients are directors, chief executives, or substantial shareholders of the company, as defined by Listing Rules. The aggregate number of grants to any individual or related entity within a 12-month period remains below the 1% and 0.1% thresholds, respectively, of Shares in issue.