Zai Lab (09688) Announces Monthly Equity Changes for November 2025

Bulletin Express12-04

Zai Lab Limited (stock code: 09688) reported its monthly update on share capital movements for November 2025. The authorized share capital remains at 5,000,000,000 ordinary shares with a total par value of USD 30,000. The number of issued shares (excluding treasury shares) rose by 2,000,000 to reach 1,119,628,030. Of these, 356,171,310 were held as American Depositary Shares.

Under the company's share incentive schemes, a total of 2,250 options were exercised in November 2025, with no new shares issued for those exercises. Instead, they were satisfied by existing shares. Throughout the month, lapses occurred under certain plans, while additional share options and restricted share units (RSUs) were granted. Overall, USD 3,762 was raised from option exercises.

An additional 2,000,000 new shares were issued to a trustee for potential settlement of vested share awards and, if applicable, future option exercises. No treasury shares were involved, and no warrants or convertibles were outstanding during November 2025.

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