To Encourage And Retain Talented People, Bosideng Revised The Share Award Scheme.

In order to motivate and retain talented people, and effectively bring employees' interests in line with the overall interests of the company and its shareholders, 8 5,

Announcement, the board has decided to amend the shares.

To enable group directors to be eligible to participate in the Share Award Scheme (depending on the terms of service agreements or other agreements concluded between them and any member of the company or group), and the relevant planning limits under the share award scheme can be enhanced.

The relevant amendments will take effect from the date of announcement.

At the same time, the board of directors also decided to award 66 selected persons (including group directors, senior managers and employees) in accordance with the share award scheme to a total of 180 million 900 thousand shares of the award shares, and the relevant grantee should pay HK $0.33 per share of the award shares, equivalent to 50% of the average daily closing price quoted by the daily exchange issued by the stock exchange in the five trading days immediately before the date of issue.

The award shares are equivalent to about 2.33% of the issued share capital of the company (i.e. 7 billion 772 million 350 thousand shares) and the total number of issued shares, or 8 billion 847 million 698 thousand shares, about 2.04%.

The board further decided on the basis of purchase.

The above 66 persons (all group directors, senior managers and employees) were awarded a total of 180 million 900 thousand share options.

The share option will grant the subscribe rights to subscribe for a total of up to 180 million 900 thousand new shares, equivalent to about 2.04% of the total number of issued shares (i.e. 8 billion 847 million 698 thousand shares) of the notice date, and about 2% of the total number of shares issued after the issuance of new shares, i.e. 9 billion 28 million 598 thousand shares, when all the shares are exercised.

The exact number of shares granted to the grantee should be the same as the number of award shares accepted and paid by the grantee.