Shanghai Friendess completes first vesting of restricted stock plan, boosts share capital

Shanghai Friendess Electronic Technology Corporation (688188) will list 338,688 shares from the first vesting period of its 2024 restricted stock incentive plan on September 30, 2025. This move follows a series of approvals from the company's board, supervisory board, and shareholders throughout August and September 2024 and 2025, culminating in the formal vesting of shares for 24 eligible incentive recipients.

The newly vested shares, sourced from a directed issuance to incentive recipients, will increase the company's total share capital from 288,391,239 shares to 288,729,927 shares. The incentive recipients paid a total of yuan 22,031,654.40 for these restricted shares, with yuan 338,688.00 allocated to share capital and yuan 21,692,966.40 to capital reserves. The registration for the new shares was completed on September 24, 2025.

Based on the company's 2025 half-year report, the net profit attributable to shareholders was yuan 640,116,587.06, with basic earnings per share of yuan 2.22. The 338,688 vested shares represent approximately 0.1174% of the company's total share capital prior to vesting.