Sunac China Holdings announced that on 20 July 2026 it granted 284.56 million new shares to 439 employees and related-entity staff under its Employee Stock Ownership Plan (ESOP). The award represents 1.43 % of Sunac’s 19.97 billion issued shares and consumes 15.40 % of the plan’s overall share cap of up to 1.85 billion shares.

Implemented as part of Sunac’s offshore debt restructuring completed on 23 December 2025, the ESOP allows annual issuance of no more than 20 % of the total plan cap over at least five years, with full vesting to be completed in not less than eight years. Any unused annual quota can be carried forward.

Key terms of the latest grant include: • Purchase price: nil; closing market price on the grant date: HKD 0.53 per share. • Lock-up: Shares cannot be sold before 23 June 2027 (18 months after the restructuring effective date). • Vesting: For 435 grantees, up to 75 % vests on 20 July 2027 and the remainder on 1 April 2028; the 19.00 million-share award to Executive Director Wang Mengde vests in full on 20 July 2029. • Performance conditions and a claw-back mechanism apply; no financial assistance is provided for share acquisition.

Award recipients comprise four executive directors (total 47.00 million shares), 405 other employees (226.35 million shares), and 30 related-entity participants (11.21 million shares). Independent non-executive directors approved the grants to executive directors, who abstained from voting.

Following the issuance, 862.42 million shares remain available under the existing 10 % ESOP mandate approved on 9 September 2025. The board plans to seek shareholder approval to refresh the mandate to support subsequent tranches within the overall cap.