On October 2, SHEIN-W rose 3.76% in regular trading, trading at 31.9 HKD/share, with turnover of approximately 11.75 million HKD, rebounding after consecutive sessions of decline.

On the news front, the company announced on October 1 the grant of 27,118,035 share awards under its post-IPO equity incentive plan to eligible participants. The awards correspond to an equivalent number of Class B shares, representing approximately 0.64% of total issued shares, at a purchase price of zero. The grant is intended to align participants' interests with those of shareholders and support long-term development. Independent non-executive directors' awards will fully vest within 11 months.

The rebound follows a sharp selloff triggered by the company's first interim results since its September 1 listing. H1 net revenue was 20.13 billion USD with only 1% YoY growth, while adjusted net profit fell 55.6% YoY to 499 million USD. Q2 adjusted net profit dropped 66.6% YoY to 228 million USD, pressured by elevated fuel prices and freight costs. The equity incentive grant appears to have provided a near-term sentiment lift amid the post-earnings downturn.

SHEIN International Holdings Limited is a global online fashion and lifestyle retailer, offering apparel, footwear, accessories, beauty, and home products under brands including SHEIN, MOTF, and SHEGLAM.

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