MOBVISTA (01860) revises its equity incentive plan and conditionally grants shares tied to long-term performance to the CEO.

On March 12th, MOBVISTA (01860) announced that it has revised its employee stock incentive plan and will grant performance-based incentive shares to the CEO under the new plan. The revised Restricted Stock Units (RSU) plan specifies that the overall authorization limit does not exceed 10% of the issued shares, and additional incentive quotas can be supplemented by issuing new shares. Additionally, separate sub-limits of up to 4% of issued shares have been set for the CEO and core product development management team. The board of directors has approved the conditional grant of incentive shares to the company's CEO under the revised RSU plan. The grants will be made through the issuance of new shares, representing 4.0% of the company's issued shares as of the announcement date. The ownership of these shares is strictly linked to service tenure, performance, and market value targets. They are subject to tiered assessment thresholds, including a maximum market value of HKD 100 billion, and corresponding ownership conditions. All granted shares have a lock-up period of up to 5 years, and are accompanied by clawback mechanisms, service binding, and other constraints to strengthen long-term interest alignment. Approval of the grants is subject to the approval of relevant ordinary resolutions at a shareholders' meeting and independent shareholders.