Shanghai Biren proposes H-share option, incentive schemes with 10% issuance cap

• Shanghai Biren Technology unveiled plans to launch an H Share Option Scheme plus an H Share Incentive Scheme, with awards to be settled via new H-share issuance, secondary-market purchases, or transfer of treasury shares.
• Total shares available across all share schemes capped at 10% of issued share capital excluding any treasury shares, measured at shareholder approval date.
• Grants to service providers capped at 1% of issued share capital excluding any treasury shares, measured at same reference date.
• No share options or share awards involving issuance of new shares to be granted during six months from Jan. 2, 2026, date H shares began trading.
• Shareholder vote set for an upcoming extraordinary general meeting, with register of H-share holders closed June 10-15, 2026; record date June 15, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Biren Technology Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260515-12161124), on May 15, 2026, and is solely responsible for the information contained therein.