Gigadevice Semiconductor completes fourth stock option exercise, issues new shares

Gigadevice Semiconductor (Beijing) Inc. has announced the completion of the fourth exercise period for its 2020 stock option and restricted stock incentive plan, with 961,662 new shares to be listed and traded on October 14, 2025. This issuance represents 0.14% of the company's total share capital. The new shares will be listed as unrestricted tradable shares.

A total of 232 eligible incentive recipients exercised options, contributing 136,296,355.26 yuan in cash. Of this amount, 961,662.00 yuan was added to the company's share capital, and 135,334,693.26 yuan was allocated to capital reserves. The newly raised funds will be used to supplement working capital. Following this exercise, Gigadevice Semiconductor's total share capital will increase to 667,277,972 shares.

The company's independent auditors, Zhongxinghua Certified Public Accountants LLP, confirmed the capital increase on September 18, 2025. According to the 2025 semi-annual report, the net profit attributable to shareholders of listed companies was 575 million yuan, with basic earnings per share of 0.87 yuan. While the exercise will dilute basic earnings per share, the company states it will not significantly impact its financial condition or operating results.