AVIC Shenfei to unlock restricted shares in incentive plan

AVIC Shenyang Aircraft Corp (SSE:600760) announced the upcoming unlocking and listing of shares related to its A-share restricted stock incentive plan (Phase II). A total of 3,449,178 shares will become eligible for trading on April 28, 2025, representing 0.1252% of the company's total share capital. The unlocking pertains to the first vesting period of the incentive plan. The company has confirmed that all vesting conditions have been met, including company performance targets such as a net asset yield of 20.29% and a net profit compound growth rate of 35.00%. The beneficiaries are 214 employees, including senior management and key personnel, who achieved the required performance levels. The legal counsel has issued an opinion stating that the unlocking complies with relevant regulations and the company's incentive plan.