Beijing Sifang Automation's "Voyage No. 2" shares unlock first batch

Beijing Sifang Automation Co., Ltd. announced that the first restricted period for the reserved grant portion of its "Voyage No. 2" restricted stock incentive plan has concluded, with the release of 662,500 restricted shares to the market. This represents 0.08% of the company’s total share capital. The shares will become unrestricted and eligible for circulation on September 24, 2025.

The board of directors confirmed that all conditions for the first unlocking period have been met. This includes the satisfaction of company-level performance targets, with a cumulative net profit growth rate of 69.88% for 2023-2024, surpassing the 65% target. Additionally, all 64 incentivized employees achieved "excellent/good" personal performance ratings, qualifying them for a 100% unlocking ratio.

The initial restricted stock was granted at a price of 7.59 yuan per share, later adjusted to 6.99 yuan per share following a dividend distribution in April 2024. The unlocking of these shares will alter Beijing Sifang Automation’s capital structure, increasing freely tradable shares and decreasing restricted shares.