GCL Technology grants 271m shares to personnel

GCL Technology Holdings Limited, on December 24, 2025, granted an aggregate of 271,732,888 award shares to 40 eligible persons at nil consideration under its 2025 award scheme. These shares represent approximately 0.818% of the company's total issued shares. Based on the closing price of HK$1.09 per share on the grant date, the market value of these shares is approximately HK$296,188,848. The grant aims to attract, retain, and incentivise core employees by aligning their interests with the Group's growth.

Out of the total grant, 227,500,000 award shares were allocated to connected persons, including executive directors, independent non-executive directors, directors of subsidiaries, and associates of directors. Notably, chairman Zhu Gongshan received 26,000,000 shares, and Zhu Yufeng received 22,000,000 shares.

The vesting of these award shares is conditional on various factors, including achieving an annual performance appraisal grade of “B” or above, continuous eligibility, and adherence to company policies and regulations. The shares will vest in three tranches: 33% within 12 months, 33% within 24 months, and 34% within 36 months from the grant date. The scheme utilizes existing shares purchased on-market, ensuring no dilution to existing shareholders.