Pop Mart awards shares to employees under Post-IPO scheme

On October 15, 2025, Pop Mart International Group Limited granted 38,289 awards, representing an equal number of underlying shares, to employees of the Group. These awards were granted with a purchase price of nil and were based on a closing share price of HK$273.00 per share on the grant date. The awards are designed to reward past performance, align interests through share ownership, and encourage long-term contributions to the Group's growth.

The vesting period for these awards will occur in batches, commencing from the second anniversary to the fourth anniversary of the grant date. Vesting is contingent upon each grantee meeting specified performance evaluation thresholds prior to each vesting date. A total of 130,938,490 underlying shares remain available for future grant under the scheme mandate limit after this grant.

None of the grantees are directors, chief executives, or substantial shareholders, nor do they exceed individual or related entity limits stipulated by listing rules, meaning no shareholder approval is required for this grant. The awards will be funded by existing shares held by the trustee, Trident Trust Company (HK) Limited, without the allotment or issuance of new shares.