Guangdong Hong Kong Bay Holdings (01396) plans to implement the Caina Technology reward program.

Yuexi Bay Holdings (01396) announced that on December 8, 2025, the board of directors has decided to terminate the existing share option scheme. The company adopted the existing share option scheme on May 30, 2019, with the aim of encouraging and rewarding employees and directors of the group member companies who have made contributions to the group by granting share options. The existing share option scheme is valid for 10 years from the date of adoption. According to the rules of the existing share option scheme, the scheme can be terminated by the board of directors through a resolution at a board meeting without the need for shareholder approval. In this case, no further share options can be granted under the existing share option scheme. The board of directors intends to propose the Caina Technology Incentive Plan to shareholders at a special general meeting. The proposed Caina Technology Incentive Plan will involve the company awarding incentive shares. Therefore, the Caina Technology Incentive Plan will need to be approved by shareholders at a general meeting before it can be implemented, providing another channel for the company to offer competitive and attractive compensation to incentivize selected participants to contribute to the growth and development of the group and attract and retain the best talent to develop the group's business. The directors (including independent non-executive directors) believe that the Caina Technology Incentive Plan is in line with market practices, motivating eligible participants to enhance enterprise value and achieve long-term goals for the overall benefit of the group.