Meituan (3690/83690) Announces Grant of 11.83 Million RSUs to Employees and Service Providers

Bulletin Express2025-10-28

Meituan disclosed that on October 28, 2025, an aggregate of 11,828,615 restricted share units (RSUs) were granted under its Post-IPO Share Award Scheme. Of these, 11,814,806 RSUs were awarded to employee participants, while 13,809 RSUs were allocated to certain service providers.

According to the announcement, the market price of each Class B Share was HK$100.00 on the grant date. The vesting periods range from approximately 23 to 48 months for employees, and around 47 months for service providers, with a 12-month minimum before any shares begin to vest. No performance targets are attached, employing a time-based vesting schedule.

A clawback mechanism is in place if participants commit offenses or breach grant conditions, allowing immediate lapse of all unvested RSUs and recovery of proceeds from any vested shares. Meituan stated that the grant is intended to align recipients’ interests with the group’s long-term development.

Following this grant, 436,347,898 Shares remain available for future grants under the Scheme Limit and 62,244,547 remain available under the Service Provider Sublimit.

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