JNBY Design proposes auditor change, grants RSUs to employees

JNBY Design Limited announced a proposed change of its auditor, with PricewaterhouseCoopers (PwC) set to retire after the annual general meeting (AGM) on October 30, 2025. Deloitte Touche Tohmatsu ("Deloitte") is proposed to be appointed as the new auditor, pending shareholder approval. This change aims to uphold good corporate governance, maintain auditor independence, and align with the company's best interests, as PwC has served since the company's 2016 listing.

Additionally, JNBY Design granted 7,120,000 Restricted Share Units (RSUs) to 60 "2025 September Participants," comprising senior management and employees, under its RSU Scheme on September 29, 2025. A connected person, ms. Tang Yu, received 120,000 RSUs. The RSUs will vest in 25% increments annually from 2026 to 2029, with participants required to pay HK$3.2 per Award Share upon exercise.

This RSU grant recognizes employee contributions and incentivizes future development. As no new shares will be issued, the grant will not dilute existing shareholders' holdings.