Ever Sunshine Services proposes new share option scheme

Ever Sunshine Services Group Limited has announced a proposed 2025 Share Option Scheme, subject to shareholder and Stock Exchange approval. The scheme aims to motivate eligible participants, including employees, executives, officers, and directors (excluding independent non-executive directors), by offering opportunities to acquire shares and reward their contributions. The maximum number of shares for options granted under the scheme, the "Fixed Limit," is 60.6m, representing 3.51% of the total issued shares as of the adoption date. The "Scheme Mandate Limit" for all awards and options under all company share schemes is 172.8m shares, or 10% of the issued share capital.

The board has conditionally granted 60.6m options under the new scheme. This includes 32.8m options to three executive directors (Mr. Zhou Hongbin, Mr. Lin Zhubo, and Mr. Zhou Di) and 27.8m options to 29 other employee participants. The exercise price for these options is HK$1.89 per share. Options will vest over several years: 20% on 10 April 2027, 35% on 10 April 2028, 30% on 10 April 2029, and 15% on 10 April 2030, subject to individual performance targets.

The scheme also includes a clawback mechanism for misconduct, financial misstatements, or inaccurate performance target calculations. Shareholders will vote on the scheme at an Extraordinary General Meeting scheduled for Monday, 29 December 2025, in Shanghai. Executive directors who are proposed grantees will abstain from voting on the resolution.