| BAOZUN INC.
Interim Report 2023 27
OTHER INFORMATION
Details of the participants and movements of the RSUs granted under the 2022 Plan during the six
months ended June 30, 2023 are as follows:
Categories of
Grantee
Balance as
of January 1,
2023 (Class
A ordinary
shares) Date of grant(1)(2)
Granted
during
the period(3)(5)
(Class A
ordinary
shares)
Vested
during
the period
(Class A
ordinary
shares)
Weighted average
closing price of the
ADSs (each ADS
is equivalent to
3 Class A ordinary
shares)
immediately
before the dates
on which the
RSUs have
been vested
(US$)
Lapsed
during
the period
(Class A
ordinary
shares)
Cancelled
during the
period
(Class A
ordinary
shares)
Balance
as of
June 30,
2023
Employee
participants
1. Directors
Mr. Vincent Wenbin
Qiu – April 1, 2023 402,984 – – – – 402,984
– April 1, 2023 1,350,000 – – – – 1,350,000
Sub-total – 1,752,984 – – – 1,752,984
2. Other Employees
Employees other
than the Directors 3,508,800 December 2, 2022 – – – 90,000 22,500 3,396,300
399,000 December 2, 2022 – 207,150 19.47 – 27,000 164,850
– April 1, 2023 2,618,487 – – 33,858 1,926 2,582,703
– April 1, 2023 135,000 – – – – 135,000
– April 1, 2023 114,000 – – – – 114,000
– April 1, 2023 709,992 – – 3 – 709,989
Sub-total 3,907,800 3,577,479 207,150 123,861 51,426 7,102,842
Total 3,907,800 5,330,463 207,150 123,861 51,426 8,855,826
Notes:
(1) Subject to the satisfaction of the individual performance review and satisfaction of certain milestones or performance targets
relating to the Group including but not limited to the growth of revenue and profit of the Group for the relevant period as set
out in the award agreements applicable to the respective Grantees being met, out of the 3,966,300 RSUs granted on December
2, 2022, (i) for 3,531,300 RSUs, 15%, 25%, 30% and 30% of the RSUs shall vest on December 2, 2023, 2024, 2025 and 2026,
respectively; (ii) for 186,000 RSUs, all RSUs shall vest on February 1, 2023; (iii) for 150,000 RSUs, 15%, 25%, 30% and 30% of
the RSUs shall vest on June 1, 2023, 2024, 2025 and 2026, respectively; (iv) for 45,000 RSUs, 15%, 25%, 30% and 30% of the
RSUs shall vest on August 1, 2023, 2024, 2025 and 2026, respectively, and; (v) for 54,000 RSUs, 15%, 25%, 30% and 30% of
the RSUs shall vest on September 1, 2023, 2024, 2025 and 2026, respectively.
(2) Subject to the satisfaction of the individual performance review and satisfaction of certain milestones or performance targets
relating to the Group including but not limited to the growth of revenue and profit of the Group for the relevant period as set
out in the award agreements applicable to the respective Grantees being met, out of the 5,330,463 RSUs granted on April
1, 2023, (i) for 1,350,000 RSUs, 15%, 25%, 30% and 30% of the RSUs shall vest on December 1, 2023, 2024, 2025 and 2026,
respectively; (ii) for 402,984 RSUs, 50% each of the RSUs shall vest on October 1, 2023 and April 1, 2024, respectively; (iii) for
114,000 RSUs, 15%, 25%, 30% and 30% of the RSUs shall vest on April 1, 2024, 2025, 2026 and 2027, respectively; (iv) for
2,618,487 RSUs, 50% each of the RSUs shall vest on October 1, 2023 and April 1, 2024, respectively; (v) for 135,000 RSUs, 50%
each of the RSUs shall vest on December 1, 2023 and April 1, 2024, respectively, and; (vi) for 709,992 RSUs, 100% of the RSUs
shall vest on July 1, 2023. All of the RSUs granted have an exercise period of ten years from the respective date of grant. |