ManpowerGroup Greater China : (1) GRANT OF SHARE OPTIONS AND (2) CHANGE IN TERMS OF PREVIOUSLY GRANTED SHARE OPTIONS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

MANPOWERGROUP GREATER CHINA LIMITED

万宝盛华大中华有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2180)

1. 1. GRANT OF SHARE OPTIONS AND
2. CHANGE IN TERMS OF PREVIOUSLY GRANTED SHARE OPTIONS

1. GRANT OF SHARE OPTIONS
   The Board hereby announces that on 9 April 2021, a total of 4,000,000 share options to subscribe for the Shares were granted, subject to acceptance of the grantees of the share options, under the share option scheme adopted by the Company on 5 June 2019.
2. CHANGE IN TERMS OF PREVIOUSLY GRANTED SHARE OPTIONS
   Pursuant to the recommendation of the remuneration committee of the Company, on 9 April 2021, the Board has resolved to change the vesting date of certain share options previously granted on 8 April 2020.

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1. GRANT OF SHARE OPTIONS PURSUANT TO THE SHARE OPTION SCHEME
   This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited (the "Listing Rules").
   The board (the "Board") of directors (the "Directors") of ManpowerGroup Greater China Limited (the "Company" and together with its subsidiaries, the "Group") announced that on 9 April 2021, the Company offered to grant 4,000,000 share options (the "Share Option(s)") to subscribe for an aggregate of 4,000,000 new shares of HK$0.01 each (the "Shares") in the capital of the Company, comprising (i) 400,000 Share Options to Mr. CUI Zhihui ("Mr. CUI"), the executive Director and chief executive officer of the Company; and (ii) 3,600,000 Share Options to employees of the Group, subject to acceptance of such grantees of the Share Options (the "Grantee(s)") under the share option scheme adopted by the shareholders of the Company on 5 June
   2019 (the "Scheme"). A summary of such grant is set out below:

Date of grant

Exercise price of Share Options granted

• 9 April 2021 (the "Date of Grant")
• HK$10.00, representing the highest of (i) the official closing price of HK$10.00 per Share as stated in the daily quotation sheets issued by The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 9 April 2021, being the Date of Grant; (ii) the average closing price of HK$10.00 per Share as stated in the daily quotation sheets issued by the Stock Exchange for five business days immediately preceding the Date of Grant; and (iii) the nominal value of HK$0.01 per Share.

Total number of Share Options	: 4,000,000 Share Options (each Share Option shall
granted		entitle the holder of the Share Option to subscribe
		for one Share)
Closing price of the Shares on	:	HK$10.00
the Date of Grant
Validity period of the Share	:	From the Date of Grant to 9 April 2026
Options

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Vesting schedule and conditions	: The aggregate of 4,000,000 Share Options
of the Share Options	shall be vested in two tranches, among which,
	2,000,000 Share Options (the "Tranche 1 Share
	Options") granted shall vest on 8 April 2022 and
	another 2,000,000 Share Options (the "Tranche
	2 Share Options") granted shall vest on 8 April
	2023 subject to below vesting conditions:
	Tranche 1 Share Options
	(i)	25% of Tranche 1 Share Options shall be
		vested on 8 April 2022 with no performance
		targets requirement
	(ii)	75% of Tranche 1 Share Options shall be
		vested on 8 April 2022 conditional upon
		fulfilment of the performance targets based
		on the growth rate of the Company's audited
		revenue or adjusted net profit

Tranche 2 Share Options

	(i)	25% of Tranche 2 Share Options shall be
		vested on 8 April 2023 with no performance
		targets requirement
	(ii)	75% of Tranche 2 Share Options shall be
		vested on 8 April 2023 conditional upon
		fulfilment of the performance targets based
		on the growth rate of the Company's audited
		revenue or adjusted net profit
Exercise period of the Share	: The Share Options will have a 3-year exercise
Options	period commencing from the respective vesting
	dates:

Tranche 1 Share Options are exercisable during the period commencing from 9 April 2022 to 9 April 2025 (both days inclusive) subject to the above vesting schedule and conditions.

Tranche 2 Share Options are exercisable during the period commencing from 9 April 2023 to 9 April 2026 (both days inclusive) subject to the above vesting schedule and conditions.

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An aggregate of 400,000 Share Options (comprising 200,000 Share Options under Tranche 1 Share Options and 200,000 Share Options under Tranche 2 Share Options) are granted to Mr. CUI, the executive Director and chief executive officer of the Company. In accordance with Rule 17.04(1) of the Listing Rules, the grant of the Share Options to Mr. CUI has been approved by the independent non-executive Directors.

Saved as disclosed above, none of the Grantees is a Director, chief executive or substantial shareholder of the Company, or any of their respective associates (as defined in the Listing Rules).

1. CHANGE IN TERMS OF PREVIOUSLY GRANTED SHARE OPTIONS
   Reference is made to the announcement of the Company dated 8 April 2020 in relation to, among other things, the grant of share options resolved by the Board pursuant to the Scheme (the "Announcement").
   Pursuant to the recommendation of the remuneration committee of the Company, on 9 April 2021, the Board has resolved to change the vesting date of the Share Options as defined in and referred to the Announcement (the "Previously Granted Share Options").

It was disclosed in the Announcement that the 100% of Previously Granted Share Options should vest on 8 April 2023. After the change, the Previously Granted Share Options shall vest in accordance with the timetable below:

Vesting Date	Percentage of Previously Granted Share Options to vest
7 April 2022	50% of the Previously Granted Share Options
7 April 2023	50% of the Previously Granted Share Options

The Board has also resolved to revise the vesting conditions of Previously Granted Share Options and to continue to retain and motivate employees who have made contributions to the operation and development of the Group by setting the Company's development objectives associated with the stock options.

Subject to the fulfillment of any vesting conditions, the Previously Granted Share Options will have a 3-year exercise period commencing from the respective new vesting dates.

Save as set out above, the terms and conditions of the Previously Granted Share Options as disclosed in the Announcement remain unchanged.

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The Board is of the view that the purpose of the Scheme, among other things, is to provide the eligible participants' incentives or reward for their contribution to the Company. The decision to shorten vesting schedule and revision of the vesting condition of Previously Granted Share Options is made in accordance with the demand of the Company's business development for talent incentives and is in line with the Company's long-term development goals.

By order of the Board

ManpowerGroup Greater China Limited

CUI Zhihui

Executive Director and Chief Executive Officer

Hong Kong, 9 April 2021

As at the date of this announcement, the Board comprises Mr. CUI Zhihui as executive Director; Mr. Darryl E GREEN, Mr. John Thomas MCGINNIS, Mr. ZHANG Yinghao and Mr. ZHAI Feng as non-executive Directors; and Mr. Thomas YEOH Eng Leong, Ms. WONG Man Lai Stevie and Mr. Victor HUANG as independent non-executive Directors.

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