Meituan Grants 12.96 Million RSUs to Employees, Leaves 344.55 Million Shares for Future Incentives

Bulletin Express10-27

Meituan has approved the issuance of 12.96 million restricted share units (RSUs) to selected employees under its Post-IPO Share Award Scheme. The grant was made on 27 October 2026 with no purchase price attached, and will be settled through new or treasury shares.

The RSUs reference Meituan’s Class B share price of HK$71.85 on the grant date and follow a staggered, time-based vesting schedule spanning roughly 21 to 48 months. First-batch vesting may occur within 12 months, with no additional performance conditions imposed.

A claw-back framework applies: if a participant is convicted of a criminal offence, breaches grant-letter covenants, or triggers other prescribed events, all unvested RSUs will lapse and the company may reclaim proceeds or forfeit shares derived from vested units.

Post-grant, 344.55 million shares remain available under the overall Scheme Limit, while 62.12 million shares are reserved for future grants to service providers within the dedicated sub-limit.

The board confirmed that no grantee is a director, chief executive, substantial shareholder, or otherwise subject to the individual or related-party caps stipulated in Hong Kong’s Listing Rules. Consequently, shareholder approval is not required.

Meituan stated that the award is intended to align employee interests with long-term corporate growth and enhance talent retention.

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