Busy Ming Group (1768.HK): First Take: Announces 2026 H-Share Award Grant; Reinforces long-term incentive framework and talent retention

Busy Ming announced the grant of award shares under its 2026 H Share Award Scheme on Sep 21, granting a total of 1.62mn H-shares (0.74% of total issued shares) to 185 employee participants. The grants are subject to acceptance by the grantees and constitute conditional rights to receive award shares upon fulfillment of certain terms and conditions. Following the grant, 9.27mn H shares remain available for future grants under the scheme. The award shares will vest under four differentiated vesting schedules, reflecting varying retention objectives across employee groups. The earliest vesting tranche will commence on March 21, 2028, while vesting schedules extend through March 2032. The scheme also incorporates individual performance requirements, under which all unvested award shares will be deferred by one year if an employee receives an annual performance rating of C or D. We believe the H-share award design effectively balances long-term incentives with performance accountability. Th