Launch Tech proposes H Share Award and Trust Scheme for employee retention

Launch Tech Company Limited (HKEX:2488) has issued a circular regarding an Extraordinary General Meeting (EGM) scheduled for Monday, December 29, 2025, at 10:00 a.m. The EGM will be held in Shenzhen, PRC, for shareholders to consider and approve a proposed H Share Award and Trust Scheme, along with authorization for the board to manage related matters.

The H Share Award and Trust Scheme aims to motivate and retain skilled employees, including directors, senior management, and key management personnel, by aligning their interests with the company's long-term growth. The Scheme involves granting Awards of H Shares, or the actual selling price in cash, to selected participants, with a maximum limit of 10,000,000 H Shares acquired by the trustee.

Vesting conditions for the awards include achieving specific company-level net profit growth rates: not less than 15% in 2026, 30% in 2027, and 45% in 2028, all based on 2025 net profit, excluding share-based payment expenses. Individual performance appraisal indicators also require a "C (basically qualified)" level or above. The share register will close from December 22, 2025, to December 29, 2025.