Baozun Inc. Announces Annual General Meeting Details and Proposed Shareholder Actions

Baozun Inc. has announced its upcoming Annual General Meeting (AGM) scheduled for June 16, 2026. The meeting will cover several key proposals, including granting the Board authority to issue and buy back shares, re-electing directors, approving Restricted Stock Units (RSUs) for directors, and refreshing the share incentive scheme mandate. Specifically, the company plans to seek approval for a share buy-back program allowing repurchase of up to 10% of issued shares and an issue and resale mandate for up to 20% of issued shares. The company also proposes re-electing three directors and granting RSUs to CEO Vincent Wenbin Qiu and Chief Strategy Officer Junhua Wu, subject to shareholder approval. These RSU grants are performance-based with vesting over several years and are intended to incentivize and retain key management. Additionally, Baozun Inc. seeks to refresh its share incentive scheme mandate to allow for future grants, with specific limits for grants to service providers. The circular provides detailed information on each proposal, including financial performance targets for RSU vesting and implications under the Listing Rules. Shareholders of record as of May 15, 2026, are eligible to vote.