MiniMax Group Inc. disclosed that on 29 September 2026 the board approved 2.09 million new Class A Ordinary Share awards under the company’s Post-IPO Share Incentive Plan.

The package comprises 2.08 million awards for employee participants and 0.02 million for external service providers. The awards carry a nil purchase price, while MiniMax’s shares closed at HK$241.40 on the grant date.

Vesting schedules range from roughly 24 to 72 months for employees and 32 to 35 months for service providers, with certain employee tranches allowed to vest within 12 months provided the aggregate vesting period exceeds one year. No performance targets apply. Clawback provisions permit the company to recoup proceeds or seize shares in cases such as serious misconduct, financial misstatements or fraud.

All awards will be settled with newly issued shares. After this grant, 15.31 million shares remain available under the general scheme mandate and 3.07 million under the service-provider sub-limit, both previously cleared for listing by the Hong Kong Stock Exchange.

The company confirmed that none of the grantees is a director, chief executive, substantial shareholder or otherwise subject to individual or related-entity limits requiring shareholder approval.