PCCW Grants 1.96 Million Share Awards Under 2024 Scheme

Bulletin Express04-24

PCCW Limited announced that on 24 April 2026 it granted 1.96 million new shares to employee participants under the PCCW 2024 Share Award Scheme adopted on 30 May 2024.

The award represents 1,958,227 shares at no purchase cost to grantees. Based on the closing price of HK$6.08 per share on the grant date, the notional market value of the awards is approximately HK$11.90 million.

Vesting is split into two tranches: • 979,524 shares vest from 24 April 2026 to 24 April 2027. • 978,703 shares vest from 24 April 2026 to 24 April 2028.

The Remuneration Committee determined individual grants after assessing Group and employee performance, and no additional performance targets or claw-back provisions apply. No awards were granted to directors, related-entity participants or service providers.

After this issuance, 765.62 million shares remain available for future grants under the scheme mandate limit, including a 38.70 million service-provider sub-limit.

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