Kingsoft Corporation Limited announced that its 51.45%-owned mainland subsidiary, Beijing Kingsoft Office Software (BKOS), approved the first grant under the “BKOS 2026 Share Incentive Scheme” on 1 June 2026.
• Grant scale and pricing BKOS will issue 800,000 A-share restricted shares to 365 employees at RMB125.58 per share, a 50.97% discount to the same-day closing price of RMB256.10.
• Participant breakdown – Category I: 27 core management personnel and technical backbones will receive 177,900 shares. – Category II: 338 employees (including one senior manager) will receive 622,100 shares.
• Vesting timetable Category I (three-year vesting): 33%, 33%, and 34% will vest in the 12–24, 24–36, and 36–48 month windows after the grant date, respectively. Category II (two-year vesting): 50% will vest in each of the 12–24 and 24–36 month windows.
• Performance conditions Vesting hinges on BKOS-level targets linked to: 1. Growth in overseas operating revenue, and 2. Growth in WPS 365 business revenue, each benchmarked to 2025 figures. For Category I, three assessment periods run through 2028; Category II has two periods through 2027. Vesting at the company level ranges from 0% to 100% depending on whether trigger or target thresholds are met, with the higher of the two indicators determining the final ratio. Individual performance ratings (Attained, Partially Attained, Not Attained) further adjust vesting by 100%, 80%, or 0%, respectively.
• Clawback safeguards Unvested shares lapse if a participant breaches laws, ethics, confidentiality, or causes material loss; BKOS may also seek compensation for severe misconduct.
• Remaining pool After the first grant, 200,000 restricted shares—20% of the scheme’s total quota—remain available for a future reserved grant.
• Connected-person status No grantee is a Kingsoft director, chief executive, substantial shareholder, or associate; each allocation is within regulatory limits on individual share awards.
The incentive plan aims to align employee interests with long-term growth objectives, particularly in overseas markets and subscription-based WPS 365 services.
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