Hisense Visual's employee stock plan nears unlock

Hisense Visual Technology (SSE:600060) announced that the first lock-up period of its 2024 employee stock ownership plan will expire on June 27, 2025, with unlocking conditions having been met. A total of 9,860,272 shares are eligible for release. The company's 2024 net profit, excluding stock payment expenses and potential goodwill impairments, increased by 39% year-over-year, achieving the performance target. Most plan participants, accounting for 374 out of 386, achieved personal performance ratings of S, A, or B, entitling them to a 100% unlocking ratio; the remaining 12 participants with a C rating will receive a 70% unlocking ratio. Shares will either be sold and the proceeds distributed, or transferred directly to participant accounts.