YSB Inc. — Share Issue/Capital Change 2026

Feb 5, 2026

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Monthly Return for Equity Issuer and Hong Kong Depositary Receipts listed under Chapter 19B of the Exchange Listing Rules on Movements in Securities

For the month ended:	31 January 2026							Status:	New Submission
To : Hong Kong Exchanges and Clearing Limited
Name of Issuer:		YSB Inc. (Incorporated in the Cayman Islands with limited liability)
Date Submitted:	05 February 2026
	I. Movements in Authorised / Registered Share Capital
1. Class of shares	Ordinary shares			Not applicable		Listed on the Exchange (Note 1)			Yes
Stock code (if listed)	09885		Description
			Number of authorised/registered shares			Par value			Authorised/registered share capital
Balance at close of preceding month		20,000,000,000			USD	0.0000025 USD			50,000
Increase / decrease (-)				0				USD
Balance at close of the month			20,000,000,000	USD	0.0000025 USD					50,000

Total authorised/registered share capital at the end of the month: USD 50,000

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II. Movements in Issued Shares and/or Treasury Shares and Public Float Sufficiency Confirmation

1. Class of shares	Ordinary shares		Type of shares	Not applicable		Listed on the Exchange (Note 1)		Yes
Stock code (if listed)	09885	Description
			Number of issued shares (excluding treasury shares)		Number of treasury shares	Total number of issued shares
Balance at close of preceding month		681,196,858				681,196,858
Increase / decrease (-)		3,542,565				0
Balance at close of the month				684,739,423		0			684,739,423

Public float sufficiency confirmation (Note 4)

month:	Pursuant to Main Board Rule 13.32D(1) or 19A.28D(1) / GEM Rule 17.37D(1) or 25.21D(1), we hereby confirm that, in relation to the class of shares as set out above, as at the close of the
the applicable public float requirement (see below) has been complied with
	the applicable public float requirement (see below) has not been complied with
The applicable minimum public float requirement for the class of shares as set out above pursuant to Main Board Rule 13.32B or 19A.28B / GEM Rule 17.37B or 25.21B (as the case may be) is:
Applicable public float threshold	Initial Prescribed Threshold - 25% of the total number of issued shares in the class to which the listed shares belong (excluding treasury shares)
Additional information

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III. Details of Movements in Issued Shares and/or Treasury Shares

(A). Share Options (under Share Option Schemes of the Issuer)

1. Class of shares Ordinary shares		Type of shares		Not applicable				Yes
Stock code (if listed) 09885		Description
	Number of share options outstanding at close of preceding month	Movement during the month						Number of new shares pursuant thereto (A1)	Number of treasury treasury during the month pursuant thereto (A2)
					-5,000			10,000
					-3,532,565			3,532,565					48,077,328
		Lapsed			-10,000
Increase in issued shares (excluding treasury shares): 3,542,565 Ordinary shares (AA1)
Total funds raised during the month from exercise of options:									41,161.6
	Particulars of share option scheme 2019 Share Incentive Plan 2023 Share Incentive Plan	General Meeting approval date (if applicable) General Meeting approval date (if applicable)		14,200,536 Exercised - new shares involved 8,219,935 Exercised - new shares involved			Decrease in treasury shares: HKD	Number of share options outstanding at close of the month 14,195,536 4,677,370	issued during the month	Listed on the Exchange (Note 1)	shares transferred out of	Number of shares which may be issued or transferred out of treasury pursuant thereto as at close of the month Ordinary shares (AA2)	The total number of shares which may be issued or transferred out of treasury upon exercise of all share options to be granted under the scheme at close of the month

Remarks:

In respect of Item III(A)(1)(2): The Company may grant share options or share awards (collectively, "Awards") under the 2023 Share Incentive Plan, and such Awards may be settled by new shares or existing shares. The figures in this box represent grants of share options to be settled by new shares. See also Item III(D)(1)(1) below for additional information.

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(B). Warrants to Issue Shares of the Issuer Not applicable

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(C). Convertibles (i.e. Convertible into Shares of the Issuer) Not applicable

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(D). Any other Agreements or Arrangements to Issue Shares of the Issuer, including Options (other than Share Option Schemes)

See also Item III(A)(1)(2) above for additional information.

1. Class of shares	Ordinary shares	Type of shares	Not applicable		Listed on the Exchange (Note 1)		Yes
Stock code (if listed)	09885	Description
	Description of other agreements or arrangements		General Meeting approval date (if applicable)	Number of new shares issued during the month pursuant thereto (D1)		Number of treasury shares transferred out of treasury during the month pursuant thereto (D2)		Number of shares which may be issued or transferred out of treasury pursuant thereto as at close of the month
2023 Share Incentive Plan (adopted on 12 June 2023) 1).									4,677,370
Increase in issued shares (excluding treasury shares): Decrease in treasury shares:					Ordinary shares (DD1) Ordinary shares (DD2)
Remarks:
2023 Share Incentive Plan was adopted on 12 June 2023 and effective from 28 June 2023 (the "Listing Date"). The total number of new shares which may be issued pursuant to all awards to be granted under the 2023 Share Incentive Plan together with the number of shares which may be issued pursuant to any awards to be granted under any other share schemes of the Company is 63,235,005 shares (the "Scheme Mandate Limit"), that is up to 10% of the shares in issue on the Listing Date.

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(E). Other Movements in Issued Shares and/or Treasury Shares

	1. Class of shares	Ordinary shares	Type of shares		Not applicable		Listed on the Exchange (Note 1)		Yes
	Stock code (if listed)	09885	Description
Events			At price (if applicable)		Date of event (Note 2)	General Meeting approval date (if applicable)	Increase/ decrease (-) in issued shares (excluding treasury shares) during the month pursuant thereto (E1)	Increase/ decrease (-) in treasury shares during the month pursuant thereto (E2)		Number of shares redeemed or repurchased for cancellation but not yet cancelled as at close of the month (Note 3)
			Currency	Amount
1).	Repurchase of shares (shares repurchased for cancellation but not yet cancelled)					21 May 2025					-1,800,000
Increase/ decrease (-) in issued shares (excluding treasury shares): Ordinary shares (EE1) Increase/ decrease (-) in treasury shares: Ordinary shares (EE2)
	Total increase/ decrease (-) in issued shares (excluding treasury shares) during the month (i.e. Total of AA1 to EE1): 3,542,565 Ordinary shares
	Total increase/ decrease (-) in treasury shares during the month (i.e. Total of AA2 to EE2): Ordinary shares

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IV. Information about Hong Kong Depositary Receipt (HDR) Not applicable

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V. Confirmations

Pursuant to Main Board Rule 13.25C / GEM Rule 17.27C, we hereby confirm to the best knowledge, information and belief that, in relation to each of the securities issued, or the treasury shares sold or transferred by the issuer during the month as set out in Parts III and IV which has not been previously disclosed in a return published under Main Board Rule 13.25A / GEM Rule 17.27A, it has been duly authorised by the board of directors of the listed issuer and carried out in compliance with all applicable listing rules, laws and other regulatory requirements and, insofar as applicable: (Note 5)

• (i) all money due to the listed issuer in respect of the issue of securities, or sale or transfer of treasury shares has been received by it;
• (ii) all pre-conditions for listing imposed by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited under "Qualifications of listing" have been fulfilled;
• (iii) all (if any) conditions contained in the formal letter granting listing of and permission to deal in the securities have been fulfilled;
• (iv) all the securities of each class are in all respects identical (Note 6);
• (v) all documents required by the Companies (Winding Up and Miscellaneous Provisions) Ordinance to be filed with the Registrar of Companies have been duly filed and that compliance has been made with all other legal requirements;
• (vi) all the definitive documents of title have been delivered/are ready to be delivered/are being prepared and will be delivered in accordance with the terms of issue, sale or transfer;
• (vii) completion has taken place of the purchase by the issuer of all property shown in the listing document to have been purchased or agreed to be purchased by it and the purchase consideration for all such property has been duly satisfied; and
• (viii) the trust deed/deed poll relating to the debenture, loan stock, notes or bonds has been completed and executed, and particulars thereof, if so required by law, have been filed with the Registrar of Companies.

Submitted by:	Fei Chen
Title:	Executive Director and Joint Company Secretary
	(Director, Secretary or other Duly Authorised Officer)

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Notes

• 1. The Exchange refers to The Stock Exchange of Hong Kong Limited.
• 1. In the case of repurchase of shares (shares repurchased and cancelled) and redemption of shares (shares redeemed and cancelled), "date of event" should be construed as "cancellation date".

In the case of repurchase of shares (shares held as treasury shares), "date of event" should be construed as "date on which shares were repurchased and held by the issuer in treasury".

• 1. The information is required in the case of repurchase of shares (shares repurchased for cancellation but not yet cancelled) and redemption of shares (shares redeemed but not yet cancelled). Please state the number of shares repurchased or redeemed during the month or in preceding month(s) but pending cancellation as at close of the month as a negative number.
• 1. "Initial Prescribed Threshold", "Alternative Threshold" and "market value" have the meanings ascribed thereto under Main Board Rule 13.32A or 19A.28A / GEM Rule 17.37A or 25.21A. See also Main Board Rule 13.32D(4) or 19A.28D(4) / GEM Rule 17.37D(4) or 25.21D(4) on the basis of the public float disclosure.
• 1. Items (i) to (viii) are suggested forms of confirmation. The listed issuer may amend the item(s) that is/are not applicable to meet individual cases. Where the issuer has already made the relevant confirmations in a return published under Main Board Rule 13.25A / GEM Rule 17.27A in relation to the securities issued, or the treasury shares sold or transferred, no further confirmation is required to be made in this return.
• 1. "Identical" means in this context:
• . the securities are of the same nominal value with the same amount called up or paid up;
• . they are entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to exactly the same sum (gross and net); and
• . they carry the same rights as to unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects.

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