Baozun Inc. Grants 150,000 Restricted Share Units to Directors

Baozun Inc. filed a Form 6-K reporting the grant of 150,000 restricted share unit (RSU) awards to four directors on May 21, 2026. The RSUs were granted under the company's 2022 share incentive plan and represent 0.09% of the company's total issued shares. The awards were made to three independent directors (Yiu Pong Chan, Steve Hsien-Chieng Hsia, and Benjamin Changqing Ye, each receiving 42,000 RSUs) and one executive director (Bin Yu, receiving 24,000 RSUs). The RSUs vest over four years, with independent directors' awards vesting in equal annual installments and the executive director's award having a staggered vesting schedule. The grants were approved by the board of directors, with each director abstaining from voting on their own award. The company noted these awards are part of the directors' remuneration packages and are intended to retain and motivate the independent directors while maintaining their independence under Hong Kong listing rules.