JIAMIN GROUP LIMITED (THE “JIAMIN GROUP”) ANNOUNCED ON 21 FEBRUARY 2024 THAT UNDER THE SHARE OPTION PLAN ADOPTED ON 23 JANUARY 2018, IT HAS GRANTED A TOTAL OF 80,000,000 SHARE OPTIONS TO 30 SERVICE PROVIDERS WITH A PAR VALUE OF HK$0.01 PER SHARE. The exercise price of the share option is approximately 20% to 32.98% over the closing price at the date of issue. The vesting period of the share rights is 12 months and the exercise period is from 21 February 2025 to 20 February 2034. The grant, which does not require shareholder approval and is not accompanied by performance targets, is intended to safeguard the interests of the Group and to incentivise service providers. The Board of Directors and the Remuneration Committee consider this move to contribute to the further growth of the Group's restaurant business and future growth. Following the grant of the share option, the number of shares available for future issuance under the Share Option Plan is 3,600,000 shares.

JIAMIN GROUP LIMITED (THE “JIAMIN GROUP”) ANNOUNCED ON 21 FEBRUARY 2024 THAT UNDER THE SHARE OPTION PLAN ADOPTED ON 23 JANUARY 2018, IT HAS GRANTED A TOTAL OF 80,000,000 SHARE OPTIONS TO 30 SERVICE PROVIDERS WITH A PAR VALUE OF HK$0.01 PER SHARE. The exercise price of the share option is approximately 20% to 32.98% over the closing price at the date of issue. The vesting period of the share rights is 12 months and the exercise period is from 21 February 2025 to 20 February 2034. The grant, which does not require shareholder approval and is not accompanied by performance targets, is intended to safeguard the interests of the Group and to incentivise service providers. The Board of Directors and the Remuneration Committee consider this move to contribute to the further growth of the Group's restaurant business and future growth. Following the grant of the share option, the number of shares available for future issuance under the Share Option Plan is 3,600,000 shares.