GigaDevice unlocks fourth tranche of restricted shares for employees

GigaDevice Semiconductor (Beijing) Inc. announced that 27,474,200 restricted shares from its 2021 stock option and restricted share incentive plan will become eligible for unlocking and listing on September 16, 2025. This move follows the company's Fifth Board Meeting on August 22, 2025, which confirmed the fulfillment of release conditions for the fourth tranche of restricted shares. These shares represent 0.0412% of the company's current total share capital.

The release involves 288 eligible incentive participants whose personal performance assessments were "satisfactory" or above, fulfilling the criteria for unlocking. However, six original incentive participants have left the company, and two received a "pass" rating in their individual performance assessments, meaning their restricted shares will not be unlocked and are subject to buyback and cancellation.

The company's performance for the fourth restricted period achieved its target, with 2024 operating revenue of 7,355,977,700 yuan, representing a 121.89% increase from the 2018-2020 average of 3,315,199,400 yuan. All business units and departmental performance assessments also met their targets, ensuring the eligibility of the shares for release.