Greentown Management replaces 2022 share award scheme with new 2025 plan

Greentown Management Holdings Company Limited announced the termination of its 2022 share award scheme, effective upon the adoption of a new 2025 share incentive scheme. This move aims to optimize the group's share incentive schemes and provide incentives more closely aligned with current market conditions. As of the announcement date, the 2022 scheme held 26,148,000 shares, including 5,929,000 unvested shares and 20,219,000 outstanding shares not yet granted.

The board resolved on 17 December 2025 to propose the adoption of the 2025 share incentive scheme for shareholder approval at an extraordinary general meeting. This new scheme will draw shares from the outstanding shares of the 2022 share award scheme and, if applicable, the 2020 share award scheme (if terminated). The aggregate maximum number of award shares available for grant under the 2025 scheme will be 33,268,961 shares, representing 1.66% of the total issued shares as of the announcement date.

The termination of the 2022 scheme is expected to result in a non-cash loss of approximately RMB4.61m, recognized in the financial year ending 31 December 2026, primarily due to accelerated vesting and accounting treatment of granted but unvested shares. The company has appointed Computershare Hong Kong Trustees Limited as the trustee for the 2025 share incentive scheme.