Li Ning launches 10-year restricted share award scheme capped at 5% of issued capital

• Li Ning adopted a new restricted share award scheme effective July 14, 2026, running for 10 years.
• Share pool capped at 5% of issued share capital; individual grants capped at 1% of issued share capital as of July 14, 2026.
• Shares for awards will be bought in the open market via a trust funded with company cash; the trustee will not vote trust-held shares.
• Vesting typically in three equal annual tranches from the grant date; unvested awards can lapse if the participant leaves.
• For Jan. 1, 2026 to Dec. 31, 2026, board set purchase caps of 15,000,000 shares or HK$ 300 million for trustee buying under the schemes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Li Ning Company Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260714-12243897), on July 14, 2026, and is solely responsible for the information contained therein.