Company: ZLAB
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001628280-25-018384
Chunk: 66

Company: Zai Lab Ltd
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 66
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s, and each of the stock awards represents a contingent right to receive one ADS. As a result, the number of shares in these columns are represented in terms of ADSs. Each ADS represents ten ordinary shares.

(2) Represents the price of our ADSs on Nasdaq at exercise minus the stock option exercise price multiplied by the number of ADSs acquired on exercise.

<div align='center'>-50-</div>

(3) Represents the fair market value of the shares on the vesting date, calculated as the closing price of our ADSs on Nasdaq on the vesting date (or the previous business day if vesting occurred on a non-Nasdaq trading day) multiplied by the number of shares vested.

Potential Payments Upon Termination or Change in Control

For the named executive officers serving as executive officers as of December 31, 2024 that are eligible to receive severance in accordance with their employment agreement, we have quantified the potential payments upon termination under various termination circumstances in the table below. These tables assume that the covered termination took place on December 31, 2024.

| Name               |     |                       |     | Benefit Type |     |   |            |     | Termination due to 
 death*             
 ($)                |        |     |   |            |     | Termination without 
 Cause or for Good   
 Reason ($)          |           |     |   |            |     | Termination without 
 Cause or for Good   
 Reason in           
 connection with a   
 Change in           
 Control ($)         |           |
|:-------------------|:----|:----------------------|:----|:-------------|:----|:--|-----------:|:----|:-------------------|-------:|:----|:--|-----------:|:----|:--------------------|----------:|:----|:--|-----------:|:----|:--------------------|----------:|
| Samantha (Ying) Du |     |                       |     | Severance    |     |   |            |     | $                  | 75,728 |     |   |            |     | $                   | 2,180,952 |     |   |            |     | $                   | 3,463,438 |
|                    |     | Benefits Continuation |     |              |     | $ |      1,711 |     |                    |        |     | $ |     30,792 |     |                     |           |     | $ |     30,792 |