周大福按股份奖励计划向7名董事及4名高管授予258.96万股奖励股份，占总股本约0.03%

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited
take no responsibility for the contents of this announcement, make no representation as to its
accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.

CHOW TAI FOOK JEWELLERY GROUP LIMITED
ক๔⺼⤍ᄣ䯳౅ᰶ䭽‫ڙ‬थ
(Incorporated in the Cayman Islands with limited liability)
Stock Code: 1929

GRANT OF AWARDS
PURSUANT TO THE SHARE AWARD SCHEME

This announcement is made by the Company pursuant to Rules 17.06A to 17.06C of the
Listing Rules.

The Board hereby announces that on 1 September 2026, the Company granted a total of
2,589,600 Awards to certain Directors and members of senior management of the Company
pursuant to the Share Award Scheme, subject to acceptance by the grantees. Each of the
Awards represents a conditional right to receive one Award Share subject to certain terms and
conditions of the grant of such Awards. The aggregate number of Award Shares underlying
the Awards granted is 2,589,600 Shares and represents approximately 0.03% of the total
issued Shares (excluding Treasury Shares, if any) as at the date of this announcement.

A summary of the terms of the grant of Awards is set out below:

Date of grant of the Awards 1 September 2026
(the “Grant Date”):

Categories of grantees: (i) 7 Directors; and

(ii) 4 members of senior management of the Company

For details of the individual grant of Awards to each
Director, please refer to the section headed “Awards Granted
to the Directors” in this announcement.

Number of the Award Shares 2,589,600 Award Shares in total, with 1,995,400 Award
underlying the Awards: Shares in respect of the Awards granted to the Directors and
594,200 Award Shares in respect of the Awards granted to
the senior management of the Company




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Consideration payable Nil
for the grant of Awards:

Closing price of the Shares on HK$12.770 per Share
the Grant Date:

Vesting date of the Awards: 100% of the Awards granted to each of the grantees shall
vest on 30 June 2029.

Satisfaction of the Awards To satisfy the Awards after vesting, the Company may (a)
after vesting: allot and issue new Shares (or sell or transfer Shares out of
treasury) to a grantee directly; and/or (b) allot and issue new
Shares (or sell or transfer Shares out of treasury) to the
Trustee (if any) or instruct the Trustee (if any) to acquire
existing Shares through on-market or off-market purchases
subject to the terms of the trust deed (if any), such new
Shares (or Treasury Shares) and/or existing Shares to be held
on trust for a grantee and to be transferred to a grantee after
vesting.

Performance targets: The vesting of the Awards is subject to the fulfilment of
certain performance targets and other requirements as set out
in the grant notice to be entered into between the Company
and each grantee. The performance targets are related to (i)
financial parameters of the Group (such as the revenue,
profits and general financial condition of the Group); (ii)
non-financial parameters of the Group (such as the Group’s
strategic objectives, operational targets and future
development plan); and/or (iii) individual performance
indicators relevant to the grantee’s roles and responsibilities.

Clawback mechanism: Without prejudice to the terms of the Share Award Scheme,
all unvested Awards granted to a grantee shall automatically
lapse forthwith upon the determination by the Board or the
Remuneration Committee that one or more of certain events
have occurred, including but not limited to the following:

(i) the employment or contractual engagement of such
grantee with the Group has been terminated otherwise
than for reason of retirement, death or disability, in
which case the vesting shall be determined by the Board
or the Remuneration Committee in its absolute
discretion;

(ii) such grantee has committed any Misconduct (as defined
in the Share Award Scheme); or




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(iii) there is any material misstatement(s) in the consolidated
financial statements of the Company.

For details, please refer to the paragraph headed “10. Lapse
of Awards” in Appendix III to the circular of the Company
dated 15 June 2023 in relation to, among other things, the
adoption of the Share Award Scheme.

Financial assistance: There are no arrangements for the Company or any of its
subsidiaries to provide financial assistance to any of the
grantees to facilitate the purchase of Award Shares under the
Share Award Scheme.

AWARDS GRANTED TO THE DIRECTORS

Among the above Awards granted, 1,995,400 Awards were granted to the Directors with
details as follows:

Number of
Award Shares
underlying the
Name of grantees Position held with the Company Awards granted

Dr. Cheng Kar-Shun, Henry Chairman and Executive Director 403,400

Mr. Cheng Chi-Heng, Conroy Vice-chairman and Executive Director 310,600

Ms. Cheng Chi-Man, Sonia Vice-chairman and Executive Director 310,600

Mr. Wong Siu-Kee, Kent Managing Director and Executive Director 463,600

Mr. Cheng Kam-Biu, Wilson Executive Director 91,600

Mr. Cheng Ping-Hei, Hamilton Executive Director 210,200

Mr. Suen Chi-Keung, Peter Executive Director 205,400




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LISTING RULES IMPLICATIONS

Pursuant to Rule 17.04(1) of the Listing Rules, the grant of Awards to the Directors, namely
Dr. Cheng Kar-Shun, Henry, Mr. Cheng Chi-Heng, Conroy, Ms. Cheng Chi-Man, Sonia,
Mr. Wong Siu-Kee, Kent, Mr. Cheng Kam-Biu, Wilson, Mr. Cheng Ping-Hei, Hamilton and
Mr. Suen Chi-Keung, Peter, has been approved by the independent non-executive Directors.

The grant of the Awards to all the grantees was also approved by the Board (including the independent
non-executive Directors) and the Remuneration Committee. Each of Dr. Cheng Kar-Shun, Henry,
Mr. Cheng Chi-Heng, Conroy, Ms. Cheng Chi-Man, Sonia, Mr. Wong Siu-Kee, Kent,
Mr. Cheng Kam-Biu, Wilson, Mr. Cheng Ping-Hei, Hamilton and Mr. Suen Chi-Keung, Peter,
being Directors and/or members of the Remuneration Committee, who are offered with the
grant of the Awards, has abstained from voting on the relevant resolutions of the Board and/or
the Remuneration Committee relating to the grant of such Awards.

To the best of the knowledge, information and belief of the Board having made all reasonable
enquiries, as at the date of this announcement, save for Dr. Cheng Kar-Shun, Henry,
Mr. Cheng Chi-Heng, Conroy, Ms. Cheng Chi-Man, Sonia, Mr. Wong Siu-Kee, Kent,
Mr. Cheng Kam-Biu, Wilson, Mr. Cheng Ping-Hei, Hamilton and Mr. Suen Chi-Keung, Peter,
none of the grantees is a director, chief executive or substantial shareholder (as defined in the
Listing Rules) of the Company, or an associate (as defined in the Listing Rules) of any of
them.

None of the Awards granted is required to be approved by the Shareholders. The grant of the
Awards will not result in (i) the Shares issued and to be issued (if any) in respect of all
Awards and options (if any) granted to each individual grantee (excluding any Awards and
options lapsed in accordance with the terms of the relevant share scheme(s) of the Company)
in the 12-month period up to and including the Grant Date in aggregate to exceed the 1%
individual limit for the purpose of Rule 17.03D of the Listing Rules; or (ii) the Shares issued
and to be issued (if any) in respect of all Awards granted to each of Dr. Cheng Kar-Shun,
Henry, Mr. Cheng Chi-Heng, Conroy, Ms. Cheng Chi-Man, Sonia, Mr. Wong Siu-Kee, Kent,
Mr. Cheng Kam-Biu, Wilson, Mr. Cheng Ping-Hei, Hamilton and Mr. Suen Chi-Keung, Peter
(excluding any Awards lapsed in accordance with the terms of the relevant share scheme(s) of
the Company) in the 12-month period up to and including the Grant Date in aggregate to
exceed the 0.1% limit for the purpose of Rule 17.04(2) of the Listing Rules.

REASONS FOR AND BENEFITS OF THE GRANT

The Board is of the view that the grant of the Awards serves to recognise and reward the
contribution of the grantees to the growth and development of the Group and to incentivise
and motivate them to further contribute towards the growth and expansion of the Group.
Therefore, the Board considers that the grant of the Awards is in the interests of the Group
and the Shareholders as a whole.




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NUMBER OF SHARES AVAILABLE FOR FUTURE GRANT

As at the date of this announcement and following the grant of the Awards, assuming that the
vesting of all the Awards will be satisfied by the allotment and issue of new Shares, the
number of Shares available for future grant under the scheme mandate limit of the Share
Award Scheme and any other share scheme(s) of the Company will be 488,087,800 Shares.

DEFINITIONS

The following terms have the following meanings in this announcement, unless the context
otherwise requires:

“Award(s)” award(s) granted by the Board or the Remuneration
Committee to a grantee of a conditional right for such
grantee to receive such number of Award Shares under the
Share Award Scheme, subject to the satisfaction of vesting
conditions and such other terms and conditions as the Board
or the Remuneration Committee may in its absolute
discretion determine

“Award Share(s)” in respect of a grantee, such number of Share(s) underlying
the Award(s) as determined by the Board or the
Remuneration Committee, and as may be allotted and issued
as new Shares (or sold or transferred out of treasury) by the
Company or acquired by the Trustee through on-market or
off-market purchases of Shares, in accordance with the terms
of the Share Award Scheme

“Board” the board of Directors

“CCASS” the Central Clearing and Settlement System established and
operated by Hong Kong Securities Clearing Company
Limited

“Company” Chow Tai Fook Jewellery Group Limited, a company
incorporated in the Cayman Islands with limited liability, the
Shares of which are listed on the Main Board of the Stock
Exchange (Stock Code: 1929)

“Director(s)” director(s) of the Company

“Grant Date” 1 September 2026

“Group” the Company and its subsidiaries from time to time

“HK$” Hong Kong dollars, the lawful currency of Hong Kong




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“Hong Kong” the Hong Kong Special Administrative Region of the
People’s Republic of China

“Listing Rules” the Rules Governing the Listing of Securities on the Stock
Exchange

“Remuneration Committee” the remuneration committee of the Company

“Share Award Scheme” the share award scheme adopted by the Company on 7 July
2023, constituted by the rules thereof, in its present form or
as may be altered from time to time

“Share(s)” ordinary share(s) of par value of HK$1.00 each in the share
capital of the Company

“Shareholder(s)” holder(s) of Shares

“Stock Exchange” The Stock Exchange of Hong Kong Limited

“Treasury Shares” the Shares repurchased and held by the Company in treasury,
as authorised by the laws of the Cayman Islands and the
articles of association of the Company or equivalent
constitutional documents which, for the purpose of the
Listing Rules, include Shares repurchased by the Company
and held or deposited in CCASS for sale on the Stock
Exchange

“Trustee” the trustee as may be appointed by the Company from time
to time for the administration of the Share Award Scheme

“%” per cent.

By order of the Board
Chow Tai Fook Jewellery Group Limited
Dr. Cheng Kar-Shun, Henry
Chairman

Hong Kong, 1 September 2026

As at the date of this announcement, the executive directors are Dr. Cheng Kar-Shun, Henry,
Mr. Cheng Chi-Heng, Conroy, Ms. Cheng Chi-Man, Sonia, Mr. Wong Siu-Kee, Kent,
Mr. Cheng Kam-Biu, Wilson, Mr. Cheng Ping-Hei, Hamilton and Mr. Suen Chi-Keung, Peter;
and the independent non-executive directors are Mr. Lam Kin-Fung, Jeffrey, Dr. Or Ching-Fai,
Raymond, Ms. Cheng Ka-Lai, Lily, Mr. Chia Pun-Kok, Herbert, Ms. Fung Wing-Yee, Sabrina,
Mr. Tang Ying-Cheung, Eric and Ms. Wong Ching-Ying, Belinda.




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