Kuaishou Technology grants over 6.5m restricted share units to employees

On October 17, 2025, Kuaishou Technology granted a total of 6,567,269 Restricted Share Units (RSUs) to employees of the group under its 2023 Share Incentive Scheme. Each RSU represents a conditional right upon vesting to obtain either one share or an equivalent cash value at a nil purchase price. The closing price of the shares on the grant date was HK$72.95 per share. The total vesting period for these RSUs ranges from approximately 0 to 48 months.

The grant aims to align grantees' interests with the group's through ownership of shares and to encourage their contributions to the company's long-term growth and profits. The company confirmed that no directors, chief executives, or substantial shareholders were grantees, nor were any participants granted RSUs exceeding the 1% individual limit under the listing rules.

Following this grant, 277,960,268 shares underlying awards remain available for future grant under the scheme mandate limit. Additionally, 21,675,509 shares are available for future grant under the service provider sublimit. There are no performance targets attached to the granted RSUs, but a clawback mechanism is in place for specified circumstances including misconduct or breaches of confidentiality.