Opple Lighting completes 2024 restricted stock incentive grant

Opple Lighting Co., Ltd. announced the completion of the registration for its 2024 restricted stock incentive plan's reserved grant on September 17, 2025. The company granted 1.44 million restricted shares to 47 eligible incentive recipients at a price of RMB 6.86 per share, totaling RMB 9,878,400.00. This grant, approved on August 5, 2025, utilizes shares repurchased from the secondary market, thus not altering the company's registered capital or affecting the controlling shareholder's stake.

The incentive plan has a maximum term of 48 months from the registration date, with lock-up periods of 12, 24, and 36 months for different tranches. These tranches will allow 30% of shares to be unlocked after 12 months, another 30% after 24 months, and the final 40% after 36 months.

The total estimated cost for this grant is RMB 17,380,800.00, which will be expensed across the years of the lock-up period. Projected costs include RMB 4,224,500.00 in 2025, RMB 7,966,200.00 in 2026, RMB 3,838,300.00 in 2027, and RMB 1,351,800.00 in 2028. All funds raised from the grant will be used to supplement the company's working capital.