Tuya Grants 100,000 RSUs to Four Employees under 2024 Share Scheme

Bulletin Express03-27

Tuya Inc. announced that its Board approved the grant of 100,000 restricted share units (RSUs) to four employees on 27 March 2026, after Hong Kong trading hours.

The RSUs entitle the grantees to subscribe for an equal number of Class A ordinary shares at no purchase cost. On the grant date, the shares closed at HK$18.79 on the Hong Kong Stock Exchange, while the company’s American depositary shares (ADSs) last traded at US$2.36 on the New York Stock Exchange on 26 March 2026.

Vesting Terms • Duration: either 24 months or 48 months, with all RSUs vesting only after 12 months from the grant date. • Performance Conditions: none. • Clawback: awards are subject to existing and future clawback or recoupment policies and to applicable tax withholding.

Compliance and Limits The grantees are employees who are not directors, chief executives, substantial shareholders, associates, or senior managers, and the awards do not exceed individual or overall limits stipulated by Hong Kong Listing Rule 17.03D. Shareholder approval is therefore not required.

Funding and Share Pool The RSUs will be settled with shares available under the 2024 Share Scheme. Post-grant, 56.98 million Class A ordinary shares remain available under the overall scheme limit, and 5.75 million shares remain under the service-provider sub-limit.

Purpose The grant aims to strengthen employee incentives and retention, supporting Tuya’s long-term growth objectives.

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