J&T Global Express Grants 45.70 Million Class B RSUs to 210 Employees Under 2024 Incentive Scheme

Bulletin Express
Sep 04

J&T Global Express Limited has approved the allocation of 45.70 million Class B shares in the form of restricted share units (RSUs) to 210 employees, reinforcing its talent‐retention strategy through the 2024 Share Incentive Scheme.

Key terms of the grant • Grant date: 4 September 2026 • Instrument: Awards over 45.70 million Class B Shares (nil consideration) • Reference price: HK$9.665 per share, the stock’s closing price on the grant date • Vesting: 0–48 months, with certain employees subject to sub-12-month schedules tied to individual and unit performance indicators. All other awards vest over periods exceeding 12 months. • Performance conditions: Case-by-case KPIs covering Group and divisional financial metrics as well as individual appraisals; shorter vesting periods apply only where stringent performance hurdles are imposed. • Claw-back: Awards may be forfeited immediately upon events such as termination for cause, serious misconduct, material policy breaches, or reputational harm, at the Board’s discretion.

Regulatory compliance The grant was made in accordance with Hong Kong Listing Rules 17.06A, 17.06B and 17.06C. No grantee is a director, chief executive, substantial shareholder, or otherwise subject to individual or sublimit approvals under the Listing Rules.

Residual scheme capacity Following this award, 634.22 million Class B shares remain available under the Scheme Mandate Limit (10% of total shares in issue on adoption of the plan). The Service Provider Sublimit—capped at 176.24 million shares—remains entirely unused.

Strategic rationale The Board and Remuneration Committee stated that the RSU grant aligns employee interests with those of shareholders, supports the attraction and retention of key talent, and underpins the Group’s long-term growth objectives.

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