Kingsoft Office acquires remaining equity in subsidiary, announces incentive plan

Beijing Kingsoft Office Software (SSE:688111) is set to acquire the remaining 31.9769% equity in its holding subsidiary, Beijing Digital Dimension Network Technology, for CNY253.69 million. This move will give Kingsoft Office full ownership, enhancing control and streamlining decision-making within the subsidiary, a move designed to boost synergy and increase profitability. Several minority shareholders, including individuals and investment partnerships, will be selling their stake. Certain transferring parties also pledged to buy shares in the open market, for a total of CNY118.72 million. In addition, Kingsoft Office announced its 2025 restricted stock incentive plan, granting 279.10 million shares to 198 employees. This plan aims to bolster employee retention, align management interests with shareholders, and improve the firm's overall competitiveness. The announcement also included details of recent board member and executive management compensation to relevant parties, with senior figures including Vice Presidents, and department leaders receiving awards. Key milestones for the plan includes the official grant of limited stock incentive to relevant parties, with senior figures including Vice Presidents and department leads to be compensated. Kingsoft expects this acquisition and incentive plan will strengthen its market position and increase shareholder value.