Be Friends Holding grants over 800,000 awarded shares

Be Friends Holding Limited announced a grant of 865,000 Awarded Shares to selected participants under its Share Award Plan on October 10, 2025. The purchase price for these shares is nil, with the closing price on the grant date recorded at HK$0.97. The awards are structured into two batches, contingent on achieving specific performance targets.

The first batch comprises 175,000 Awarded Shares granted to a senior manager, fully vesting between October 10, 2025, and October 30, 2026. This is in recognition of contributions to operational data analysis, cross-departmental integration, and management process standardization.

The second batch allocates 690,000 Awarded Shares to three individuals: 390,000 shares to two senior-level employees and 300,000 shares to another senior manager. Vesting for the second batch is phased: 34% (234,600 shares) vests by October 30, 2026, 33% (227,700 shares) by October 29, 2027, and the remaining 33% (227,700 shares) by October 31, 2028. Performance targets for the second batch include settled revenue, settled GMV, major risk control, and core business project completion rate. The Board believes these awards will motivate participants and align their contributions with the company’s long-term strategic objectives.