Friendess Electronic increases stock incentive plan by 40%

Shanghai Friendess Electronic Technology Corporation increased its 2024 restricted stock incentive plan from 1.095 million shares to 1.533 million shares following profit distributions.

The grant price was adjusted from RMB93.94 per share to RMB65.05 per share, reflecting cash dividends and capital reserve transfers. The company's total share capital increased to 288,391,239 shares.