XINYI GLASS (00868) announced the grant of 38.00 million share options on 5 March 2026, each at an exercise price of HK$10.87. The closing price of the shares on the grant date was HK$10.80. According to the announcement, the options will vest in three equal tranches on 31 December 2026, 31 December 2027, and 31 December 2028, subject to specified performance targets related to sales, operations, and financial metrics.

The valid exercise window runs from 1 April 2029 to 31 March 2030, and the validity period extends from 5 March 2026 to 31 March 2030. The company indicated that a clawback mechanism may be applied under certain circumstances such as material misstatements in financial statements or serious misconduct. No financial assistance has been provided to the grantees.

Following this grant, 359.72 million shares remain available under the scheme mandate limit, and 21.79 million shares remain under the service provider sublimit, as stated in the announcement.