ALIBABA-W (09988.HK): Grants awards involving 1,932,300 shares to employees under 2024 Plan

NewTimeSpace News: On 24 August 2026, Alibaba Group Holding Limited (stock code: 09988 (HK dollar counter) and 89988 (RMB counter)) announced that on 22 August 2026 it granted awards involving 1,932,300 underlying shares to certain employees under the terms of the 2024 Plan, representing approximately 0.01% of the total issued shares (excluding treasury shares) as of the date of this announcement, subject to acceptance by the grantees.

The announcement stated that the purchase price of the granted awards is nil, and the closing price of the shares on the grant date was HKD 123.00 per share. The awards have a mixed vesting schedule, vesting in batches over a period of up to four years, with certain awards vesting within 12 months of the grant date, and the awards are not subject to performance targets. To the best knowledge of the directors, no grantee is a director, chief executive or substantial shareholder of the Company, or an associate of any of them, and no participant has been or will be granted options and awards exceeding the 1% individual limit under the Listing Rules. The awards will be satisfied by the issue of new shares within the scheme mandate limit under the 2024 Plan.

Following the grant, as of the date of this announcement, the maximum number of shares available for future grant under the scheme mandate limit of the 2024 Plan, to be satisfied by new shares or treasury shares, is 338,510,773 shares, of which the maximum number available for future grant under the service provider sub-limit is 93,716,369 shares. The grant is intended to attract and retain talent by rewarding the grantees' outstanding performance and contributions to the Group, provide incentives to the grantees, and align the grantees' interests with those of the Group and the shareholders.

The announcement also sets out a clawback mechanism, under which, upon the occurrence of any applicable event specified in the award agreements (including, without limitation, termination for cause, breach of restrictive covenants or commission of certain misconduct), all awards granted to a participant become null and void ab initio, and the participant is required to return to the Company all shares, cash or other property and the income derived therefrom in respect of such lapsed awards.

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