Dida Inc. disclosed two material developments that directly affect shareholder interests and its Hong Kong listing status:
1. Significant Public Float Shortfall Under Rule 13.32F of the Listing Rules, the company has been classified as having a “Significant Public Float Shortfall.” Dida Inc. has failed to meet the minimum public-float requirement stipulated in Rule 13.32B. If compliance is not re-established by 20 February 2028, the Stock Exchange may cancel the company’s listing under Rule 13.32G(3). Management advises investors to exercise caution when trading the shares.
2. Termination of All Share Incentive Schemes On 28 August 2026, the Board approved the immediate termination of its three equity incentive plans: • Pre-IPO Restricted Share Unit Scheme • Pre-IPO Share Option Scheme • Post-IPO Restricted Share Unit Scheme (adopted 31 March 2023, amended 13 June 2025)
Key data points: • 2.84 million unvested options and 7.75 million unvested RSUs—including 1.00 million RSUs granted on 6 July 2026—were accelerated, vested, and fully exercised on 6 July 2026. • All RSU settlements were satisfied with existing shares held by the ESOP Nominee; no new shares were issued. • As of the announcement date, the company has no outstanding options or RSUs. • Following the share-offer completion, Dida Inc. does not plan to issue further equity awards under any of the terminated schemes.
The Board states that closing these schemes aligns with the best interests of both the company and its shareholders. No additional equity grants will be made under the terminated plans, and any future employee incentive arrangements would require new shareholder approval.
Investors are urged to monitor the company’s progress in restoring the public float before the 20 February 2028 deadline and to exercise caution when dealing in Dida Inc. shares.