Aiko Solar sees no stock option exercise in Q3

Shanghai Aiko Solar Energy Co., Ltd. announced that no stock options were exercised by participants in its 2023 Restricted Stock and Stock Option Incentive Plan during the third quarter of 2025. The first exercise period, covering 2,894,872 stock options, was open from July 1, 2025, to July 25, 2025, affecting 548 eligible individuals.

The company's board of directors and supervisory board approved the conditions for the first exercise period on June 24, 2024. As a result of no exercise activity, there will be no new shares listed or circulated, and no capital raised through this plan during Q3 2025. Consequently, there is no impact on the company's most recent financial report from this particular equity incentive activity.

Aiko Solar's total shares as of September 30, 2025, were 2,117,249,923. This total reflects other changes, including the cancellation of 1,307,061 restricted shares due to employee departures and 2024 performance targets, and the addition of 290,939,318 restricted shares from a directed offering, both completed in Q3 2025.