Group 1 - The company, Yipai Yangguang (02522.HK), announced a grant of H-shares to selected incentive recipients based on the terms of the share award plan and individual performance evaluations [1] - The incentive recipients include 4 directors and 3 supervisors from major subsidiaries, totaling 51 employees within the group [1] - A total of 6.13 million H-shares will be granted, representing 1.55% of the company's issued shares as of the announcement date, and 17.2% of the maximum number of shares that can be awarded under the share award plan, which is 35,631,183 shares [1]

Core Points - The company announced the grant of a total of 1,243,100 H shares to 77 employees under the 2025 H Share Incentive Plan, pending acceptance by the grantees [1] - The incentive plan includes performance assessment targets at three levels: group, unit, and individual, with specific performance metrics for each assessment period [1][3] - The first vesting period assesses the weighted average return on equity (ROE) for 2025-2026, requiring a minimum ROE of 18% for full vesting [1][3] Grant Details - The incentive plan aims to motivate key talents, enhance governance, and align the interests of employees and shareholders [3][4] - The vesting schedule includes three periods: 40% for the first period, 30% for the second, and 30% for the third, each linked to specific performance metrics [1][3] - The plan incorporates a clawback mechanism for unvested shares in cases of employee resignation, demotion, or serious violations of company policies [2] Compliance and Definitions - The company confirms that no grantee is a director, senior executive, or major shareholder, and that no grantee has exceeded the 1% personal limit set by listing rules [2][3] - Definitions of key terms such as "incentive shares," "grantees," and "the company" are provided for clarity [4]