Proya Cosmetics unlocks restricted stock for 57 employees after strong performance

Proya Cosmetics Co., Ltd. has announced the fulfillment of conditions for the third restricted stock release under its 2022 incentive plan. This allows 57 eligible employees to collectively unlock 570,752 restricted shares, representing approximately 0.14% of the company’s current total share capital. The company's board and supervisory board both approved the unlock, confirming all performance and eligibility criteria were met.

The decision follows the company's strong financial performance. Proya Cosmetics reported revenue of CNY 10,778,411,781.20, a 132.64% increase from 2021, and net profit attributable to shareholders of CNY 1,551,995,692.29, marking a 169.39% growth over 2021. Both figures significantly surpassed the 87.58% growth target for revenue and net profit, satisfying the company-level performance requirements.

Individual and business unit performance criteria were also met, with 57 beneficiaries achieving a 100% individual performance coefficient. The initial grant involved 2,100,000 restricted shares at CNY 78.56 per share on July 25, 2022. Following the release, the company will process the necessary procedures for the shares to be listed and circulated.