Riying Electronics: Restricted stock release and listing announced

Jiangsu Riying Electronics has announced the release and listing of restricted stocks granted under its 2024 Restricted Stock and Stock Option Incentive Plan. A total of 678,900 shares will be released for trading, representing 0.58% of the company's total share capital. These shares are equity incentive shares acquired through a private placement. The listing and circulation of these shares are scheduled for July 9, 2025. The initial grant date for these restricted stocks was July 9, 2024, with a price of CNY 9.95 per share. The release impacts 104 eligible employees, including directors, financial officers, core management, and key technical personnel who have met the performance criteria outlined in the incentive plan. JunHe Law Firm deemed all aspects of the release as compliant with regulations.