Hisense Visual Technology unlocks millions of restricted shares

Hisense Visual Technology Co., Ltd. has confirmed that the second restricted period and voluntary lock-up period for its 2021 restricted stock incentive plan will expire on September 6, 2025, with unlocking conditions now met. A total of 5,074,333 restricted shares will become eligible for listing and circulation on September 8, 2025. This includes 5,054,333 shares from the second restricted period and an additional 20,000 shares for two incentive participants who met early unlocking conditions due to retirement or death.

The unlocking conditions were met following the company's 2022 net profit growth, based on non-recurring gains and losses, which surpassed the 55% target set against the 2020 base. Additionally, all 176 eligible incentive participants fulfilled their individual performance requirements, ensuring their right to unlock the shares.

The unlocked shares, representing approximately 0.3888% of Hisense Visual Technology's total share capital, were granted at an initial price of RMB 8.295 per share on July 15, 2021. The board and senior management involved are subject to ongoing lock-up and transfer restrictions as per relevant regulations.