Proya Cosmetics to unlock third restricted stock incentive tranche

Proya Cosmetics Co., Ltd. announced the lifting of restrictions for the third period of its 2022 restricted stock incentive plan, with 570,752 shares set to become tradable on September 17, 2025. This move follows the satisfaction of all lifting restrictions conditions for 57 eligible incentive recipients. The company’s board and supervisory committee approved the lifting of restrictions on September 8, 2025, after confirming that performance targets and individual assessments were met.

The unlocked shares, representing 40% of the total awarded under the incentive plan, will increase the freely tradable stock. The company's 2024 operating income grew by 132.64% from 2021, reaching 10.78 bn yuan, while net profit attributable to shareholders surged by 169.39% to 1.55 bn yuan, fulfilling the company-level performance criteria.

Following this unlock, the total number of restricted shares will decrease by 570,752 shares, leaving 29,344 restricted shares, while unrestricted shares will increase by the same amount to 395,975,908 shares. Directors and senior management who are incentive recipients will remain subject to transfer restrictions during their tenure.