Bilibili grants restricted share units to employees, including executive directors

On December 15, 2025, Bilibili Inc. granted an aggregate of 2,014,815 restricted share units (RSUs) to 147 selected employees, including two executive directors. These grants represent approximately 0.49% of the company's total shares in issue and were made pursuant to the Second Amended and Restated 2018 Share Incentive Plan. The market price of Class Z Ordinary Shares on the grant date was HK$193.70 per share, with a purchase price of nil for the RSUs.

The vesting of the director grants for Mr. Rui Chen and Ms. Ni Li, each receiving 412,000 RSUs, is conditional on achieving performance targets determined by the Board, with 50% vesting on December 15, 2026, and the remaining 50% on December 15, 2027. RSUs for other selected employees will vest between December 15, 2026, and December 15, 2029, and do not have additional performance targets.

The grants aim to align employee interests with shareholder value and incentivize outstanding performance. All grants are subject to a clawback mechanism under specific conditions, including termination for cause, criminal conviction, or serious misconduct. The Corporate Governance Committee recommended, and the Compensation Committee and Board approved, the director grants, with Mr. Rui Chen and Ms. Ni Li abstaining from voting on their respective grants.