Transsion Holdings adjusts restricted share price, approves vesting and forfeitures

Shenzhen Transsion Holdings (SSE:688036) has adjusted the grant price for its 2022 Restricted Stock Incentive Plan from yuan 30.1429 per share to yuan 26.3429 per share. This adjustment follows dividend distributions for the 2024 half-year, 2024 full-year, and 2025 half-year periods.

The company also approved the second vesting period for 778 initial grantees, allowing 8,593,410 restricted shares to vest, and for 197 reserved grantees, allowing 2,240,560 restricted shares to vest. Concurrently, 429,030 restricted shares that did not meet vesting conditions, primarily due to employee departures or performance evaluations, were forfeited.

These actions align with Transsion Holdings' incentive plan, which aims to motivate employees while adhering to regulatory requirements. The board also approved the use of up to yuan 50,000,000 in temporarily idle raised funds for cash management, aiming to increase returns without impacting project implementation.