Zixin Group Holdings Limited Receives Approval for Listing of New Shares Under Employee Share Option Scheme 2025

Key Highlights:

• Zixin Group Holdings Limited has secured a Listing and Quotation Notice (LQN) from the Singapore Exchange Securities Trading Limited (SGX-ST).
• The LQN relates to the listing and quotation of:
  • New Ordinary Shares to be issued under the proposed Zixin Employee Share Option Scheme 2025 (ESOS 2025).
  • Up to 889,000,000 new ordinary shares (referred to as “Option Shares”) to be issued upon exercise of share options under the scheme.
• The listing will be on the Catalist board of SGX-ST, subject to compliance with SGX-ST’s requirements.

Details of the Announcement

The Board of Directors of Zixin Group Holdings Limited announced that, following the recent Extraordinary General Meeting (EGM) and the previously issued shareholder circular, the company has on 10 November 2025 received the LQN from SGX-ST in respect of both the newly issued shares under the Employee Share Option Scheme and the potential Option Shares that may arise from the exercise of these options.

The ESOS 2025 and the proposed grant of options to select parties (including employees, controlling shareholders, and other investors) were previously detailed in the company’s circular dated 13 October 2025 and approved at the EGM held on 28 October 2025.

Key Information for Shareholders

• Significant Potential Dilution: The issuance of up to 889 million new shares upon full exercise of the options represents a potentially significant increase in the company’s share capital. This could have a substantial dilutive effect on existing shareholders’ holdings.
• Price Sensitivity: The magnitude of the share option scheme, if fully exercised, could materially affect the company’s share price due to the increased supply of shares in the market.
• Regulatory Compliance: The listing and quotation of the new shares and option shares are subject to Zixin Group’s compliance with all relevant SGX-ST listing requirements.
• No Indication of Merits: The approval by SGX-ST of the LQN does not imply any assessment or endorsement of the merits of the ESOS 2025, the new shares, the option shares, or the company itself.
• Further Updates: The company will provide additional announcements to shareholders upon allotment and issuance of new shares and/or option shares.

Other Notable Points

• The announcement was reviewed by Zixin’s sponsor, RHB Bank Berhad, in compliance with Rule 226(2)(b) of the SGX-ST Listing Manual Section B: Rules of Catalist.
• The SGX-ST has not independently examined or approved the contents of the announcement and assumes no responsibility for its accuracy or the opinions expressed within it.
• The designated contact for further information is Mr. Alvin Soh, Head of Corporate Finance at RHB Bank Berhad.

Implications for Investors

This announcement is highly relevant to investors:

• The potential issuance of up to 889 million new shares is a material development likely to impact the stock’s liquidity, trading dynamics, and valuation.
• Investors should be aware of the risk of dilution and may wish to monitor further announcements closely regarding the actual allotment and issuance of shares under the scheme.
• Such a large-scale share option scheme could also indicate management’s focus on incentivizing and retaining key staff, which may have strategic implications for the company’s future performance and corporate direction.

Disclaimer: The information provided in this article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors are advised to conduct their own due diligence and consult with professional advisors before making any investment decisions. The Singapore Exchange Securities Trading Limited has not examined or approved the contents of this article and assumes no responsibility for its accuracy.

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