JST Group Corporation Limited announced that its board on 9 October 2026 granted 13.06 million shares under the company’s Share Award Scheme to 653 employee participants. All grantees are employees; no directors, senior management, substantial shareholders or their associates are included, and no individual award exceeds the 1 % cap stipulated in Hong Kong Listing Rule 17.03D.
Award allocation and pricing • Categories & allocation: – Category 1 (employees pre-Jan 2024): 9.98 million shares – Category 2 (regional heads pre-Jan 2024): 2.35 million shares – Category 3 (mid-2024 hires): 0.06 million shares – Category 4 (2026 hires): 0.03 million shares – Category 5 (team hires in 2026): 0.64 million shares
• Purchase price: HK$3.00 per share for Categories 1 and 3; no consideration for Categories 2, 4 and 5. • Reference price: HK$11.58 closing price on the grant date, implying an aggregate market value of roughly HK$151.23 million for all 13.06 million awarded shares.
Vesting schedule • Categories 1 & 2: 65 % on 1 Nov 2026, 10 % on 1 Jan 2027, 25 % on 1 Jan 2028. • Category 3: 50 % on 1 Nov 2026, 25 % on 1 Aug 2027, 25 % on 1 Aug 2028. • Category 4: 50 % on 1 Aug 2028, 25 % on 1 Aug 2029, 25 % on 1 Aug 2030. • Category 5: one-third each on 1 Aug 2027, 1 Aug 2028 and 1 Aug 2029. While certain tranches vest in less than 12 months, every participant’s overall vesting horizon exceeds one year.
Governance and safeguards • No performance targets are attached. • The board may claw back vested interests within three years after employment ends under conditions including fraud, serious misconduct or actions detrimental to the group’s reputation. • No financial assistance will be provided to participants for share purchases. • The grant was approved by all independent non-executive directors and will be settled with treasury shares. Post-grant, 29.22 million shares remain available under the scheme mandate limit.
Strategic rationale Management positions the award as a retention and incentive tool, particularly recognising long-tenured employees—some with over a decade of service—and recent strategic hires. The structure aligns with JST Group’s remuneration policy and the objectives of its Share Award Scheme adopted on 16 September 2026.
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