Hans Group to grant substantial share options to chairman and executive director

Hans Group Holdings Limited has announced the grant of share options totaling 248,763,800 ordinary shares under its Share Option Scheme adopted on May 31, 2023. The grants, dated December 23, 2025, are primarily to David An, the chairman, executive director, and a substantial shareholder, who is allocated 243,763,800 options, and Zhang Lei, an executive director, who receives 5,000,000 options. The exercise price for these options is HK$0.255 per share.

The grant to An is contingent upon approval from independent shareholders at an upcoming Extraordinary General Meeting (EGM). The options for An will vest and become exercisable immediately after 12 months from the EGM date, while Zhang's options will vest from December 23, 2026. Both sets of options are valid until May 30, 2033, and no performance targets are attached.

The proposed grant to An represents approximately 5.56% of Hans Group's shares in issue, exceeding the 1% threshold requiring shareholder approval under Listing Rules. Following these grants and assuming shareholder approval, Hans Group Holdings will have utilized approximately 62.9% of its Share Option Scheme Mandate Limit, leaving 146,900,000 shares available for future grants.