Foxconn Industrial Internet 2022 stock plan unlocks

Foxconn Industrial Internet (SSE:601138) announced that the second lock-up period for its 2022 employee stock ownership plan expired on June 9, 2025, with the unlocking conditions achieved. The plan, which involved the repurchase and purchase of company A-shares, aims to incentivize employees. A total of 125,977,669 shares were repurchased, representing 0.63% of the total share capital. An additional 53,249,686 shares were purchased on the secondary market. The shares were transferred to the employee stock ownership plan on June 9, 2023. Based on performance assessments, 46,623,942 shares, constituting 26.01% of the total shares under the plan (0.23% of the current total share capital), are eligible for unlocking. Shares ineligible for unlocking due to individual performance assessments will be reallocated.