Foxconn Industrial Internet announces stock option exercise results

Foxconn Industrial Internet (SSE:601138) announced the results of its 2019 stock option and restricted stock incentive plan's voluntary exercise for the first quarter of 2025. A total of 312,983 shares were issued to employees exercising their options, sourced from a directed issuance of the company's A shares. Specifically, 95,747 shares relate to the fifth exercise period of the initial grant, 4,860 shares from the fifth exercise period of a partial reserved grant, and 212,376 shares from the fifth exercise period of a remaining reserved grant. The exercise increased the company's total share capital to 19,858,862,807 shares, with the new shares being unrestricted. The company received CNY 3,080,065.70 from the exercise and intends to use the funds for general working capital. The company stated that the exercise results will not have a material impact on its financial condition or operating results.