BeOne Medicines (NASDAQ: ONC) promotes Lai Wang to President, Global R&D

Rhea-AI Filing Summary

BeOne Medicines Ltd. appointed Dr. Lai Wang as President, Global Head of Research and Development, effective January 1, 2026. In this expanded role, he will lead research and development as well as other functions, including business development and alliance management.

Dr. Wang, age 48, has led the Company’s R&D since April 2021 after joining in 2011, and previously served as Director of Research at Joyant Pharmaceuticals. His new compensation includes a $750,000 annual salary, an annual target bonus equal to 75% of base salary, and a one-time equity incentive of $10,000,000 in restricted share units vesting in four equal annual installments, with certain accelerated vesting rights under his employment agreement. The Company states there are no related-party or other arrangements connected to his appointment.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________

Form 8-K

______________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): December 17, 2025

BEONE MEDICINES LTD.

(Exact Name of Registrant as Specified in Charter)

Switzerland

001-37686

98-1209416

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification Number)

c/o BeOne Medicines I GmbH
94 Aeschengraben 27

Basel 4051
Switzerland

(Address of Principal Executive Offices) (Zip Code)

+41 61 685 19 00

(Registrant's telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

American Depositary Shares, each representing 13 Ordinary Shares, par value $0.0001 per share

ONC

The NASDAQ Global Select Market

Ordinary Shares, par value $0.0001 per share*

06160

The Stock Exchange of Hong Kong Limited

*Included in connection with the registration of the American Depositary Shares with the Securities and Exchange Commission. The ordinary shares are not listed for trading in the United States but are listed for trading on The Stock Exchange of Hong Kong Limited.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 17, 2025, BeOne Medicines Ltd. (the “Company”) appointed Dr. Lai Wang to serve as President, Global Head of Research and Development of the Company. In this role, Dr. Wang will oversee the research and development functions as well as other functions, including business development and alliance management.

Dr. Wang, age 48, has served as the Company’s Global Head of Research and Development since April 2021. Prior to that, he held various research and development leadership roles with increasing responsibilities since he joined the Company in 2011. Prior to joining the Company, Dr. Wang was Director of Research at Joyant Pharmaceuticals. Dr. Wang received a B.S. from Fudan University in 1996 and a Ph.D. from the University of Texas Health Science Center at San Antonio in 2001.

In his new role, effective January 1, 2026, Dr. Wang will receive an annual salary of $750,000, subject to increase at the discretion of the Board of Directors or its designated committee, and is eligible for an annual target bonus equal to 75% of his base salary, subject to individual and corporate performance, in accordance with the Company’s annual bonus plan. In recognition of Dr. Wang’s promotion, the Company will grant him a one-time equity incentive award of $10,000,000 in the form of restricted share units, which will vest in four equal annual installments, subject to accelerated vesting upon certain specified termination events pursuant to the terms of his employment agreement. The terms and conditions of Dr. Wang’s compensation are consistent with his employment agreement as previously disclosed and the Company’s compensation plans and programs as set forth in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on April 7, 2025.

There are no other arrangements or understandings between Dr. Wang and any other persons pursuant to which Dr. Wang was appointed as President, Global Head of Research and Development of the Company. There are no family relationships between Dr. Wang and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BEONE MEDICINES LTD.

Date: December 18, 2025

By:

/s/ Chan Lee

Name:

Chan Lee

Title:

Senior Vice President, General Counsel

FAQ

What executive leadership change did BeOne Medicines (ONC) announce?

BeOne Medicines Ltd. appointed Dr. Lai Wang as President, Global Head of Research and Development, effective January 1, 2026. He will oversee R&D and related functions such as business development and alliance management.

What is Dr. Lai Wang’s background at BeOne Medicines (ONC)?

Dr. Wang has served as BeOne Medicines’ Global Head of Research and Development since April 2021 and has held increasing R&D leadership roles at the Company since joining in 2011. Before that, he was Director of Research at Joyant Pharmaceuticals.

What compensation will Dr. Lai Wang receive in his new role at BeOne Medicines?

In his new role, Dr. Wang will receive an annual salary of $750,000, an annual target bonus equal to 75% of his base salary, and a one-time $10,000,000 equity incentive award in restricted share units that vest in four equal annual installments.

How do Dr. Lai Wang’s restricted share units vest at BeOne Medicines?

The one-time equity incentive award of $10,000,000 in restricted share units will vest in four equal annual installments, with accelerated vesting upon certain specified termination events under the terms of his employment agreement.

Are there any related-party relationships tied to Dr. Lai Wang’s appointment at BeOne Medicines (ONC)?

BeOne Medicines states that there are no other arrangements or understandings under which Dr. Wang was appointed, no family relationships between him and any director or executive officer, and no material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.

On which exchanges are BeOne Medicines securities traded?

BeOne Medicines’ American Depositary Shares, each representing 13 ordinary shares, trade on The NASDAQ Global Select Market under the symbol ONC. Its ordinary shares trade on The Stock Exchange of Hong Kong Limited under stock code 06160.