SHEIN-W Maintains Stable Share Base in September; Minor ESOP Cancellations, Public Float on Track

Bulletin Express
Oct 06

SHEIN Global Holdings Limited (“SHEIN-W”, stock code 00625) reported no changes to its authorised, registered or issued share capital for the month ended 30 September 2026, according to its latest monthly return filed with Hong Kong Exchanges and Clearing Limited on 6 October 2026.

Authorised Capital • Total authorised share capital stood unchanged at USD 100,000, comprising 3.00 billion Class A WVR ordinary shares and 47.00 billion Class B WVR ordinary shares, both with a par value of USD 0.000002 each.

Issued Shares • Class A (unlisted): 1.42 billion shares. • Class B (listed): 2.83 billion shares. • No new shares were issued, repurchased, or cancelled during the month, leaving total issued shares steady at 4.25 billion.

Equity Incentives • Pre-IPO ESOP (options): Outstanding options declined by 0.45 million to 156.64 million after cancellations; no option exercises occurred and no shares were issued. • Pre-IPO ESOP (RSUs): 10.71 million RSUs vested but underlying Class B shares had not yet been issued as of 30 September 2026; 5.19 million RSUs remain available for future issuance, while 50,000 RSUs were cancelled during the month.

Public Float Compliance • The company confirmed compliance with the minimum 10% public float requirement for its listed Class B shares.

Treasury Shares, Warrants and Convertibles • SHEIN-W held no treasury shares and executed no share repurchases. • The issuer reported no warrants or convertible securities outstanding.

Governance Confirmation • The board affirmed that all corporate actions during the period complied with Hong Kong listing rules and relevant legal requirements.

The filing indicates a period of capital stability for SHEIN-W, with equity incentive programme activity limited to option and RSU cancellations and vesting, and no dilution to existing shareholders in September 2026.

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