Shopee Business Edition grants 8.439 million restricted shares to 56 core employees

San Tai Co., Ltd. plans to launch an incentive plan of 8.439 million restricted Shopee Business Edition shares, covering 56 core employees

On July 29, 2025, Shenzhen San Tai E-Commerce Co., Ltd. (Shopee Business Edition code: 301558) issued an announcement that it plans to implement the 2025 restricted Shopee Business Edition incentive plan to grant 8.439299 million restricted Shopee Business Edition shares to 56 core employees, accounting for 1.07% of the company's total share capital of 788,851,223 shares, in order to further improve the company's long-term incentive mechanism and attract and retain outstanding talents12.

1. Core content of the incentive plan

Incentive targets: 56 core employees, including directors, core technical (business) backbones, etc., accounting for 5.59% of the company's total employees (1,002 as of the end of 2024)1.

Shopee Business Edition Source: The company issues A-share common shares to incentive targets at a price of 4.67 yuan per share (the current share price is 9.34 yuan, a discount of about 50%)1.

Vesting arrangement: vesting in three phases, 40% (12-24 months), 30% (24-36 months), and 30% (36-48 months)7.

Reserved portion: 994,716 shares (accounting for 11.79%) will be granted in the next 12 months1.

Source:Shopee Business Edition:https://www.cnjiaxiao.com/category-Shopee Business Edition.html

Source:Shopee Sellers:https://www.cnjiaxiao.com/category-Shopee Sellers.html

Source:Shopee official website:https://www.cnjiaxiao.com/category-Shopee official website.html

2. Assessment conditions

Company level: financial reports must have no major audit issues and no violation of profit distribution commitments1.

Personal level: incentive targets must be in office and have no major violations of laws and regulations, otherwise the Shopee Business Edition that has been granted but not vested will be invalidated1.

3. Market impact

Short-term impact: The plan still needs to be reviewed and approved by the shareholders' meeting on August 19. If approved, it may enhance the market's confidence in the company's long-term development6.

Long-term goal: Combined with the company's cross-border e-commerce retail (accounting for 74.78% of revenue) and logistics business (25.2%), the incentive plan may drive performance growth by 34%.

Conclusion: The Shopee Business Edition incentive plan aims to bind the interests of the core team and help San Tai Shares continue to develop in the cross-border e-commerce field. Investors can pay attention to the subsequent shareholder meeting voting and performance realization.