Guangdong Harbour Holdings (01396) plans to adopt a share award scheme

According to Zhitong Finance App, Guangdong Harbour Holdings (01396) issued an announcement. On December 8, 2025, the board of directors decided to terminate the existing share option plan. The Company adopted the existing share option scheme on May 30, 2019, with the aim of encouraging and/or rewarding employees and directors of the Group's member companies who contribute to the Group by granting share options. The existing share option plan is valid for 10 years from the date of adoption. According to the plan rules of an existing share option plan, an existing share option plan can be terminated by the board of directors through a board resolution at the board meeting without shareholder approval. Under such circumstances, no further share options may be granted under an existing share option plan.

The board of directors plans to recommend the adoption of a share award plan to shareholders at the special shareholders' meeting. The proposed adoption of a share award scheme would involve the awarding of bonus shares by the Company. Therefore, the adoption of the share award plan will be subject to approval by shareholders (including) at the shareholders' meeting, and can provide the Company with another channel to motivate selected participants to contribute to the Group's growth and development with competitive and attractive remuneration, and enable the Group to attract and retain the best talents to develop the Group's business. Directors (including independent non-executive directors) believe that adopting a share award scheme is in line with market practice and motivates eligible participants to strive to enhance corporate value and achieve long-term goals in order to pursue the overall interests of the Group.