Bai Rongyun Co., Ltd announced on March 26, 2024 that it has granted a total of 20,582,900 share purchase options to share holders, including the Founder, Executive Director, Chairman of the Board and Chief Executive Officer, Mr. Zhang Shaofeng under the 2021 Employee Share Plan. The wholesale shareholding represents approximately 4.98% of the issued Class B shares. Each share option entitles the holder to subscribe for one share at an exercise price of HK$13.8 per share. The vesting period is divided into three phases, each in 2025, 2026 and 2027. This license is not accompanied by performance targets and is intended to retain and motivate key personnel, and is consistent with the company's strategy and long-term development. THE COMPANY WILL HOLD AN ANNUAL GENERAL MEETING FOR SHAREHOLDER CONSIDERATION AND APPROVAL OF THE CONDITIONAL GRANT. Following the grant of the share option, there are 71 share options available under the 2021 Employee Share Plan.

Bai Rongyun Co., Ltd announced on March 26, 2024 that it has granted a total of 20,582,900 share purchase options to share holders, including the Founder, Executive Director, Chairman of the Board and Chief Executive Officer, Mr. Zhang Shaofeng under the 2021 Employee Share Plan. The wholesale shareholding represents approximately 4.98% of the issued Class B shares. Each share option entitles the holder to subscribe for one share at an exercise price of HK$13.8 per share. The vesting period is divided into three phases, each in 2025, 2026 and 2027. This license is not accompanied by performance targets and is intended to retain and motivate key personnel, and is consistent with the company's strategy and long-term development. THE COMPANY WILL HOLD AN ANNUAL GENERAL MEETING FOR SHAREHOLDER CONSIDERATION AND APPROVAL OF THE CONDITIONAL GRANT. Following the grant of the share option, there are 71 share options available under the 2021 Employee Share Plan.