LI NING (02331.HK): Grants Approximately 12.6 Million Share Options at HKD 13.90 Per Share

NewTimeSpace News: On 28 August 2026, Li Ning Company Limited (stock code: 02331) announced that, under the share option scheme adopted on 13 June 2024, it granted an aggregate of 12,606,500 share options to certain directors and other eligible participants, entitling them to subscribe for ordinary shares of HKD 0.10 each, representing approximately 0.49% of the total issued shares.

According to the announcement, the exercise price is HKD 13.90 per share, being the highest of the closing price on the grant date (HKD 13.68), the average closing price over the five trading days immediately preceding the grant date (HKD 13.90) and the par value. The options vest one-third each on 1 September 2027, 2028 and 2029, and are exercisable until 31 December 2034. Of the options granted, 2,017,000 were granted to directors: 1,008,500 each to Mr. Takada Takeshi, executive director and co-chief executive officer, and Mr. Li Qilin, executive director; the remaining 10,589,500 were granted to eight full-time employees. No specific performance targets or clawback mechanisms apply.

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