Kingsoft Office completes first vesting of 2024 stock plan

Beijing Kingsoft Office Software (SSE:688111) has announced the completion of the first vesting period for the initial grant of its 2024 restricted stock incentive plan, issuing 258,390 shares, representing approximately 0.0558% of the company's total share capital before the vesting. These shares were sourced from the company's buyback program. As a result, the company has adjusted its 2024 profit distribution plan. Originally, the plan proposed a cash dividend of CNY 9.00 per 10 shares. Following the vesting and an increase in total share capital from 462,674,004 to 463,179,293 shares, the distribution has been revised to CNY 8.9852 per 10 shares to maintain a consistent total distribution of CNY 415,991,268.90. The actual number of shares eligible for profit distribution stands at 462,976,200. The vesting involved 153 core management and technical personnel. Kingsoft Office's buyback program concluded on July 18, 2024, with the company repurchasing 461,483 shares at a total cost of CNY 100,019,166.40.