Espressif Systems issues restricted stock under 2025 incentive plan

Espressif Systems (Shanghai), stock code SSE:688018, announced the initial grant of restricted shares under its 2025 Restricted Stock Incentive Plan, effective March 31, 2025. The company issued 858,220 shares, representing 0.7649% of the total share capital, to 192 eligible employees. The grant price was set at CNY 169 per share. This initiative aims to align employee interests with the company's long-term growth and enhance team cohesion. The move was approved by the board of directors and shareholders after fulfilling necessary regulatory procedures and meeting specified performance criteria. The granted shares are subject to vesting schedules and restrictions on transfer or debt collateralization before vesting.