Xiamen Xiangyu finalizes 2025 restricted stock grant, impacting share structure

Xiamen Xiangyu has announced the successful completion of the grant conditions for its 2025 restricted stock incentive plan, with the grant date set for September 4, 2025. Following the initial grant, five incentive recipients voluntarily forfeited a total of 365,963 shares. The company received 465,106,560.27 yuan from 924 incentive recipients for 171,626,037 shares.

The grant involves 171,626,037 restricted shares, with 100,000,037 shares originating from the company's repurchased A-shares on the secondary market and 71,626,000 shares issued through a targeted offering to incentive recipients. This transaction results in 100,000,037 unrestricted circulating shares being reclassified as restricted circulating shares.

Consequently, the company's unrestricted circulating shares decreased by 100,000,037, from 2,192,510,201 to 2,092,510,164. Conversely, restricted circulating shares increased by the same amount, from 576,453,138 to 676,453,175. The total share capital remains unchanged at 2,768,963,339 shares. The company will now proceed with the registration of these restricted shares.