Smoller Announced Two Equity Incentive Plans, And 49 Employees Received Stock Awards Or Stock Options.

On May 7th, Smoore International Holdings Limited released two announcements, announcing the launch of two equity incentive plans, which provide long-term incentives to core employees through share awards and the granting of stock options, further consolidating the talent strategy and promoting the sustainable development of the group.
According to the content of the announcements, this incentive plan of Smoore is divided into two parts:
① Share Award Plan: 1,614,000 shares of award shares are granted to 36 eligible employees at a grant price of 0 Hong Kong dollars (the closing price of each share on the grant date was 13.52 Hong Kong dollars), with the vesting period ranging from May 7th, 2026 to May 7th, 2029.
② Stock Option Plan: 2,390,000 stock options are granted to 13 employees at an exercise price of 13.52 Hong Kong dollars (the same as the closing price on the grant date), with a validity period of up to 10 years until May 6th, 2035. The vesting period of the stock options is from May 7th, 2026 to May 7th, 2029. Each grantee must pay 1 Hong Kong dollar within 30 days as the consideration for accepting the granted stock options.
The announcement stated that the incentive recipients are all ordinary employees of the group, not company directors, top executives, or major shareholders and their affiliates. The aim is to motivate the grantees to contribute to the group, by providing them with the opportunity to own the company's equity, attracting, motivating, and retaining skilled and experienced employees, and working towards the future development of the group.

Both plans emphasize performance-driven and long-term binding:
① Performance mechanism: The number of shares granted is linked to the employee's position, tenure, and performance evaluation results. The group conducts systematic assessment and evaluation of employees' contributions.
② Clawback mechanism: If an employee leaves before the vesting period, the unvested shares or stock options will automatically become invalid.
The announcement states that after the implementation of this plan, Shimoei still retains a sufficient share pool for future talent incentives: After granting the above-mentioned bonus shares, there are 307,546,059 shares available for future grant under the reward plan; after granting the above-mentioned stock options, according to the authorized limit of the stock option plan, a total of 554,727,627 shares are available for future grant.