Tianli International grants 12m share options to employees

Tianli International Holdings Limited has granted 12,000,000 share options to eligible employees under its Share Option Scheme adopted on June 24, 2018. These options, granted on December 2, 2025, allow grantees to subscribe for ordinary shares at an exercise price of HK$2.38 per share. This exercise price matches the average closing price of the shares for the five business days immediately preceding the grant date. The closing price on the grant date was HK$2.23 per share.

The share options have a 10-year validity period from the grant date, with vesting occurring in tranches: 40% after one year, 30% after two years, and the remaining 30% after three years. The grant is not subject to any performance targets. Among the grantees, Mr. Luo Yongqiang, an associate of the chairman Mr. Luo Shi, received 1,000,000 Share Options. The company states the purpose of the scheme is to motivate and retain employees, reinforcing their commitment to the company's competitiveness and long-term growth.

Following this grant, 127,400,000 shares remain available for future grants under the Share Option Scheme. The company confirms that, save for Mr. Luo Yongqiang, none of the grantees are directors, chief executives, substantial shareholders, or participants exceeding individual or related party limits as per Listing Rules.