JD Logistics awards shares to employees

JD Logistics, Inc. announced on October 1, 2025, the grant of 1,643,078 award shares to employees, excluding directors and senior management. These new shares represent approximately 0.02% of total issued shares as of the grant date. The market price of the shares on the grant date was HK$13.100 per share, based on the closing price of the preceding trading day. No performance target is attached to these grants.

The award shares will vest in two tranches: 267,640 shares will vest over 0.25 to 3.25 years from the grant date, and 1,375,438 shares will vest over 1 to 4 years from the grant date. A shorter vesting period for 40,146 shares is noted for administrative reasons. The purpose of these grants is to align employee interests with the group’s long-term growth and profits by fostering ownership and encouraging contributions.

The grants are subject to clawback mechanisms under specific circumstances, including employment termination for cause, criminal conviction involving integrity, or actions damaging the group. The total number of shares available for future grant under the scheme mandate limit, after these grants, stands at 440,918,637 award shares.