Neway Valve completes 2025 restricted stock grant for over 150 employees

Suzhou Neway Valve Co., Ltd. announced the successful completion of its 2025 restricted stock incentive plan, with the registration date set for September 5, 2025. A total of 6,952,466 restricted shares were granted, with an issue price of CNY 15.93 per share. This represents an adjustment from the initially proposed 7,713,799 shares, due to some eligible participants voluntarily forfeiting their allocations.

The grant involved 150 employees, including directors, senior management, and core technical and business personnel. The total funds raised from this grant amounted to CNY 110,752,816.50, which will be used to supplement the company's working capital. The restricted shares have a lock-up period, with unlockings scheduled over 12, 24, and 36 months from the grant registration date.

The company anticipates this grant will result in a total expense of CNY 10,094.98 for the period of 2025-2028, with expenses recognized as CNY 3,617.37 in 2025, CNY 4,710.99 in 2026, CNY 1,430.12 in 2027, and CNY 336.50 in 2028. This transaction will not alter the company's controlling shareholder or actual controller.