On July 26th, 2024, Meituan announced that it had granted a total of 3,148,785 restricted share units to employees and service providers in the group under its initial public offering share incentive plan. The grant aims to align the interests of the grantees with those of the group through share ownership and to encourage and retain talent. Of the granted share units, 3,125,664 were granted to employees and 23,121 were granted to service providers. The purchase price of the restricted share units granted is zero, and the market price of B-shares on the grant date is HKD 107.6 per share. The vesting period ranges from approximately 13 months to 48 months and there are performance targets. The board of directors confirmed that there are no directors, top...Show More

On July 26th, 2024, Meituan announced that it had granted a total of 3,148,785 restricted share units to employees and service providers in the group under its initial public offering share incentive plan. The grant aims to align the interests of the grantees with those of the group through share ownership and to encourage and retain talent. Of the granted share units, 3,125,664 were granted to employees and 23,121 were granted to service providers. The purchase price of the restricted share units granted is zero, and the market price of B-shares on the grant date is HKD 107.6 per share. The vesting period ranges from approximately 13 months to 48 months and there are performance targets. The board of directors confirmed that there are no directors, top executives or major shareholders among the grantees, and that shareholder approval is not required for the grant. In addition, if a grantee violates the covenant or commits a crime, the unvested restricted share units will be forfeited and the company has the right to reclaim the vested shares. After the grant, a total of 487,548,011 relevant shares may be granted in the future based on the plan quota, while the service provider quota is 62,306,409 shares.